on September 14 at 02:17 AM

The MoU was signed by Executive Vice President Valdis Dombrovskis

The MoU was signed by Executive Vice President Valdis Dombrovskis, Commissioner Gentiloni, Eurogroup President Paschal Donohoe and Croatian National Bank Governor Boris Vujčić in a ceremony which followed the meeting of the Eurogroup which took place earlier today in Brdo, Slovenia.
 
The MoU allows Croatia, with the assistance of the Commission and eurozone member states, to carry out all the necessary preparations ahead of and up to the actual minting of euro coins. These include, among others: the selection by Croatia of its euro coin national side designs according to national procedures; the acquisition and production of minting tools and coin test runs; and arrangements for the distribution of euro coins and the withdrawal of the Croatian kuna during the changeover.new world currency
 
Executive Vice President Valdis Dombrovskis said: “I am pleased to sign this Memorandum that will enable Croatia to begin preparations for minting euro test coins, marking another milestone on the journey to euro accession. The Commission continues to support Croatia in its efforts to join the euro area, from which it stands to benefit greatly. However, before it can adopt Europe's single currency, Croatia must first meet all Maastricht criteria and continue to make progress on technical preparations.”
 
Economy Commissioner Paolo Gentiloni said: “The signature of this memorandum is an important symbolic but also practical step on Croatia's road to joining the euro. I welcome Croatia's strong determination to accede to the euro area, which is where the country belongs. The Commission will continue to support Croatia in its preparations and its efforts to meet the convergence criteria.”

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