THE HISTORY AND THE FUTURE OF CROATIAN MONEY - LEGAL AND ECONOMIC ASPECTS

In the course of its history the Republic of Croatia has not always autonomously created its monetary system, e. g. it did not always have a fully established monetary sovereignty as a part of a complete national sovereignty. The monetary system was formed in 1994 by introducing kuna as an official means of payment and the complete monetary sovereignty was achieved on the 15th September 1997 when Yugoslav Dinar was converted in the area of the Croatian Danube region. By joining the Euro-zone, the Republic of Croatia loses its monetary sovereignty ipso facto and ipso iure, running out of the possibility to create an autonomous monetary policy and it remains without its national currency.