Croatian kuna: Encyclopedia II - Croatian kuna - History

Croatian kuna - History

Croatian kuna - German Croatian kuna 1941-1945

The Kuna was made the Croatian currency after the fascist puppet state of Croatia was set up. It was divided into 100 banica and replaced the Yugoslav dinar at par. It was replaced by the reconstituted Yugoslavian dinar at a rate of 1 dinar = 40 kuna.

Croatian kuna - Croatian kuna 1994-

The kuna was introduced in June 1994 after the transitional period following Croatian independence in the early 1990s during which the Yugoslav dinar was replaced with a Croatian dinar. The exchange rate between dinar and kuna was one thousand to one. One kuna equals 100 lipa. The currency code is HRK. One euro equals around 7.5 kuna (as of 2004).

The choice of the name kuna was controversial, not least among the Serbs in Croatia, as the only entity that had used this currency name before was the fascist puppet state of Croatia during World War II. The Croatian government defended its choice with claims of historical use of marten pelts, while its detractors saw it as a move suggesting modern Croatia's continuity with the prior extremist regime.

The kuna is handled by the Croatian National Bank and minted by the Croatian Monetary Institute.

Adapted from the Wikipedia article "History", under the G.N U Free Docmentation License. Please also see http://en.wikipedia.org/wiki