HRK is the three-letter currency code for the Croatian Kuna, the official currency of Croatia. It is derived from the word "kuna," which means "marten" in the Croatian language. The Kuna is subdivided into 100 lipa. The Central Bank of Croatia, known as Hrvatska Narodna Banka, is responsible for issuing and regulating the HRK currency.
The HRK is primarily used for everyday transactions within Croatia, and it is also accepted in some neighboring countries. As a legal tender, it is widely used in various sectors including tourism, trade, and services. The denominations of HRK banknotes in circulation include 5, 10, 20, 50, 100, 200, 500, and 1000 HRK. Coins are available in various denominations of lipa, including 1, 2, 5, 10, 20, and 50 lipa, as well as 1, 2, and 25 kuna.
The value of the HRK currency fluctuates against other major currencies on the foreign exchange market. Its exchange rate is determined by a range of economic factors such as inflation, interest rates, and the overall economic stability of Croatia. The HRK has been the official currency of Croatia since 1994, replacing the Yugoslav dinar. In 2013, Croatia became a member of the European Union; however, as of 2021, it has not yet adopted the euro as its currency and continues to use the HRK.
