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Thursday 26 January 2023

2662) Introduction of the Euro as the Official Currency of the Republic of Croatia: Hrvatska Posta (Croatian Post) has issued a postage stamp of 1.14 Euro celebrating the inclusion of the country in the Euro Area (EU): Date of Stamp issue: 25.01.2023:

2662) Introduction of the Euro as the Official Currency of the Republic of Croatia: Hrvatska Posta (Croatian Post) has issued a postage stamp of 1.14 Euro celebrating the inclusion of the country in the Euro Area (EU): Date of Stamp issue: 25.01.2023:

About Introducing Euro as the Official Currency of the Republic of Croatia:

On 01.01.2023 Croatia adopted the Euro and became the 20th member of the Euro Area

The assessments set out in the 2022 convergence reports of the European Commission and the European Central Bank paved the way for the first enlargement of the Euro Area since Lithuania joined in 2015.

Ten years after becoming a member of the European Union, as of 01.01.2023, Croatia has become a member of the Euro Area – the single monetary area of the second strongest currency in the world. The Euro is now Croatian money. 

By introducing the Euro, Croatia has fulfilled the strategic goal that gives full meaning to its membership in the European Union - the Euro will play a major role for a better and safer life for Croatian citizens and for Croatian economic growth.

The aim of the introduction of a common currency was to deepen the connection between the Member States and facilitate the exploitation of all the advantages of the single market, with the free movement of people, goods, services, and capital.

 The Euro removes transaction costs, it settles inter-currency changes within the euro area, and, for euro area members who largely trade with other euro area members, it reduces exposure to currency risk, facilitates trade and increases the resilience of economies to crises.

Overall, the euro contributes to more stable economic opportunities and growth, greater investment and new jobs. 

The European Economic and Monetary Union (EMU), with the Euro as its common currency, was established on the basis of three phases:

In the first phase, the freedom of capital movement within the EU was established, cooperation between national central banks was strengthened, and the degree of coordination in the area of fiscal policy was also increased.

In the second phase, the most important activities were the establishment of the European Monetary Institute, which later became the European Central Bank (ECB), and the strengthening of the institutional independence of central banks. 

In addition to this, at this stage, the Member States focussed on the prudent conduct of economic policy in order to improve their macroeconomic indicators, and thus meet the criteria for the introduction of the Euro.

The third & final phase saw the introduction of the Euro as a unit of account in 1999, which marked the beginning of the third, final phase of the establishment of the EMU. 

The currencies of the Member States were then irreversibly fixed in relation to the Euro, the authority to conduct a common monetary policy was assigned to the ECB, and three years later Euro Banknotes and Coins entered into circulation.

More about the Euro:

The Euro is the common currency of 20 EU Member States and one of the main symbols of European integration. 

As a unit of account, the Euro was introduced on 01.01.1999, initially in 11 countries. 

Three years later, on 01.01.2002, Euro Banknotes and Coins entered circulation in 12 EU Member States, namely - Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain (in Greece, the Euro was not introduced in 1999 as a unit of account because Greece did not meet the convergence criteria then, but it did in the meantime). 

Since then, the Euro has been introduced in seven more Member States – Slovenia (01.01.2007), Cyprus (01.01.2008), Malta (01.01.2008), Slovakia (01.01.2009), Estonia (01.01.2011), Latvia (01.01.2014) and Lithuania (01.01.2015).

On 01.01.2023, Croatia has become the twentieth Member State of the Euro Area.

The Stamp:

The Postage Stamp of 1.14 Euro


The First Day Cover (FDC) showcases the symbol of the euro at left bottom and has the postage stamp affixed at right, cancelled with a special Cancellation Handstamp/Postmark of Zagreb Post Office. The cancellation is dated - "25.01.2023".

Technical details:

Issue Date: 25.01.2023

Designer: Dean Roksandić, designer from Zagreb 

Photo: Božidar Bengez, photographer from Zagreb

Printer: AKD d.o.o., Zagreb

Process: Offset Printing

Colours: Multicolor

Size:

Stamp size: 35.50 mm 

Souvenir sheet size: 73.00 mm x 112.00 mm

Values: 1.14 EUR







Links: Crypto-Currency Stamps & Coin Posts:

1) Croatian Crypto Stamp - 2, Croatia: A 50 HRK stamp (a combination of the analog and the digital) issued by "Hrvatska Posta" (Croatian Post) in coordination with the Croatian Blockchain community gathered around the Blockchain and Cryptocurrency Association: Date of Stamp issue: 16.12.2020

2) Did You Know Series (49): Dogecoin (DOGE), Blockchain Mint, Singapore: Blockchain Mint has issued Silver DOGE Medals in three variants - i) Silver Dogecoin Cryptocurrency Medal Gem BU, ii) Silver Dogecoin Cryptocurrency Medal Proof-Like in Blister Pak, iii) Dogecoin Cryptocurrency Commemorative Medal Antiqued in Blister Pak: Date of Medal release/shipping: 05/2021

3) Did You Know Series (50): A Guest Post by Avery Wright: "Is Making the Crypto Space Legally Complaint Paving the Road to Mass (Blockchain) Adoption?" - A perspective:

4) Gibraltar Cryptocurrency Stamp: Stamp value 4 Pounds: Date of Stamp issue: 15.05.2021: (Pre-orderd accepted from 19.04.2021):

5) Bitcoin Backed Banknotes are being envisaged by "Noteworthy" which are aimed at generating user confidence in the Cryptocurrency

6) "Blockchain Technology", Principality of Liechtenstein: A Crypto Stamp of CHF 5.20 titled "Perspective" issued by Liechtensteinische Post: Date of Stamp issue: 06.09.2021

7) "Bitcoin Logo", Niue Island: A $2 (Two Dollars) Silver Brilliant Uncirculated (BU) Coin features this iconic Logo of the well known Cryptocurrency: Year of Coin issue: 2022

8) Crypto-stamp - Rimec Nevera, Croatia: Htvatska posta (Croatian Post) has issued a Crypto-stamp Souvenir Sheet (a combination of the analog and the digital) of One Stamp of HRK50.00 on a PVC background: Date of Crypto-stamp issue: 09.09.2021

9) "UN Crypto Stamps", United Nations: "New Technologies for the United Nations Stamp Series": United Nations Postal Administration brought out its first time ever UN Crypto Stamps, which run on Etherium Blockchain: Date of Stamps issue: 24.11.2020

10) "Equality", Liechtenstein: A "BlockChain Stamp Series: A Stamp 4.1 "Equality issued by Liechtensteinische Post (Philately Liechtenstein) with a face value of CHF 9.00): Date of Stamp issue: 09.09.2022

11) Croatian Crypto Stamp, Croatia: A 50 HRK Stamp (a combination of the analog and the digital) issued by "Hrvatska Posta (Croatian Post) in coordination with the Croatian Blockchain and Cryptocurrency Association: Date of Crypto Stamp issue: 09.09.2020

12) Crypto Stamp 4.0 - Grab the Bull by the Horns - set, Austria: Osterreichische Post AG (Austrian Post) has released a Joint-issue between two countries - Austria and Netherlands, featuring the new technology "Augmented Reality", with a new motif of the Bull: Date of Crypto Stamp issue: 28.10.2022

13) "UN Crypto Stamps", United Nations: "New Technologies for the United Nations Stamp Series": Series II of United Nations Crypto Stamps issued by the United Nations Postal Administration (UNPA) which run on Blockchain Technolgy: Date of Stamps issue:18.11.2022

14) 2022 NL Crypto Stamp - Duo Set Crypto The Netherlands (NL) + Oostenrijk (Austria) - Collectibles: Date of Joint Crypto Stamp issue: 22.09.2022

15) Nikola Tesla's inventions as motifs feature on Croatia's Fourth Crypto Stamp of 50 HRK issued by Hrvatska Posta (Croatian Post): Date of Crypto Stamp issue: 20.12.2022

Links to Posts on Croatia on this Blog:












15) Crypto-stamp - Rimec Nevera, Croatia: Htvatska posta (Croatian Post) has issued a Crypto-stamp Souvenir Sheet (a combination of the analog and the digital) of One Stamp of HRK 50.00 on a PVC background: Date of Crypto-stamp issue: 09.09.2021

17) Croatian Crypto Stamp, Croatia: A 50 HRK Stamp (a combination of the analog and the digital) issued by "Hrvatska Posta (Croatian Post) in coordination with the Croatian Blockchain and Cryptocurrency Association: Date of Cryptoo Stamp issue: 09.09.2020

18) "Peljesac Bridge", Republic of Croatia: The Croatian National Bank (CNB) has issued a 25 Kuna Commemorative Circulation Coin to mark the opening of this bridge: Date/Year of Coin issue: 26.07.2022

19) Shunting Locomotives, Croatia: Hrvatska Posta (Croatian Post) has issued a set of two stamps of HRK 10 each featuring shunting locomotives: Date of Stamp set issue: 06.10.2022

20) Minerals and Rocks, Croatia: Hrvatska Posta (Croatian Post) has issued two Postage Stamps of HRK 5.00 each on this fascinating Geological subject: Date of Stamp Set issue: 20.10.2022

21) i) The World's smallest Gold Coin minted by the Croatian National Bank (CNB) marks farewell to Kuna currency as Croatia adopts the Euro: ii) The last 1000-Kuna commemorative coin of Croatia for 2022 is dedicated to the Visnjan Observatory: Date/Year of Coin issue: 12/2022

22) Croatian Postage Stamps (or Hrvatske Postanske Marke"), Croatia: A Stamp Album of 29 Postage Stamps issued by Croatian Post in 2016

23) Introduction of the Euro as the Official Currency of the Republic of Croatia: Hrvatska Posta (Croatian Post) has issued a postage stamp of 1.14 Euro celebrating the inclusion of the country in the Euro Area (EU): Date of Stamp issue: 25.01.2023


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