Franka is a noun that refers to a form of currency, specifically the fiat currency of Croatia. It is the official currency used in Croatia since the country gained independence in 1991. The word is derived from the Croatian name for Francis, emphasizing the connection to Saint Francis, who is particularly admired in Croatia.
The Croatian Franka is subdivided into 100 lipa. It is issued and regulated by the Croatian National Bank, which is responsible for maintaining its value and stability. The currency is represented by the symbol "kn", derived from the word "kuna," which means "marten" in Croatian.
Introduced as a replacement for the Yugoslav dinar, the Franka has been in circulation for several decades. It serves as a medium of exchange, used for various transactions within the country, including goods, services, and financial investments. It is widely accepted across Croatia, including in urban centers, rural areas, and tourist destinations.
As with any currency, the Franka has its own exchange rate against other international currencies, such as the euro or the United States dollar. This exchange rate is subject to fluctuations based on economic conditions and market forces.
Overall, the Franka plays an essential role in Croatia's economy, facilitating economic activities, trade, and commerce domestically and internationally.
