The world is now a global village and is highly interconnected. Small changes in far off corners can impact countries far and near and systems and platforms everywhere. One such change is the migration from Kuna to EUR that is coming up this New Year. Read more to understand the reasons for the migration and what CIO’s and product managers across banks need to ensure from a payments and cash management angle

As Croatia bids adieu to Kuna starting 1st Jan 2023, it places its bets to bring some semblance to the Balkan country amidst mounting inflation and precarious geopolitical headwinds rattling Europe. With this move, Croatia will become the 20th member of Eurozone.

But what does this move have in store for Croatia?

“The euro brings resilience,” Ana Sabic of the Croatian National Bank told media, arguing that Zagreb will, if needed, have access to more favourable borrowing conditions amid economic hard times.