Currency
Currency of Croatia - Croatian Kuna
The unit of currency used in Croatia is the kuna. In the Croatian language kuna actually means marten, which it is a very small furry animal quite closely related to both weasels and mink. Because the pelts of the marten were very highly prized in medieval times, they were used as an informal standard of currency. This has resulted in the currency commonly known by the word for the pelt of a marten.
The kuna dates back to 1939 although the first coins and notes were not issued until 1941.
The kuna as we know it today, was introduced as recently as 1994 when the Yugoslav dinar was replaced with the Croatian dinar ,which was the official currency of Croatia between the years 1991 and 1994.
The exchange rate for the dinar and the kuna was 1 kuna to 1000 dinara. Each kuna is divided into 100 lipa. The word lipa means lime tree in Croatian. The kuna is issued and regulated by the Croatian National Bank but the coins are produced by the Croatian Monetary Institute.
Interestingly, the choice of the word kuna to describe the currency was actually quite controversial, particularly to the Serb minority living in Croatia. However, the Croatian government ignored all objections and decided that it would be called the kuna.
The unit of currency used in Croatia is the kuna. In the Croatian language kuna actually means marten, which it is a very small furry animal quite closely related to both weasels and mink. Because the pelts of the marten were very highly prized in medieval times, they were used as an informal standard of currency. This has resulted in the currency commonly known by the word for the pelt of a marten.
The kuna dates back to 1939 although the first coins and notes were not issued until 1941.
The kuna as we know it today, was introduced as recently as 1994 when the Yugoslav dinar was replaced with the Croatian dinar ,which was the official currency of Croatia between the years 1991 and 1994.
The exchange rate for the dinar and the kuna was 1 kuna to 1000 dinara. Each kuna is divided into 100 lipa. The word lipa means lime tree in Croatian. The kuna is issued and regulated by the Croatian National Bank but the coins are produced by the Croatian Monetary Institute.
Interestingly, the choice of the word kuna to describe the currency was actually quite controversial, particularly to the Serb minority living in Croatia. However, the Croatian government ignored all objections and decided that it would be called the kuna.
