Politics

Central Bank Sets Aside €3.6m For Euro Introduction Campaign

By 26 April 2022
Central Bank Sets Aside €3.6m For Euro Introduction Campaign
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ZAGREB, 26 April 2022 - The Croatian National Bank (HNB) will soon embark on a campaign for the euro replacing the kuna as the national currency which will be very extensive, as befits such an important event as Croatia's accession to the euro area on 1 January 2023, Večernji List daily said on Tuesday.

To raise public awareness of the introduction of the euro, the HNB has prepared a tender for the creation and implementation of a national information campaign, estimated at HRK 27 million, for carrying out the national plan of replacing the kuna with the euro.

As part of the campaign, HRK 6.8 million is envisaged for designing the promotional campaign, HRK 14.5 million for a media advertising strategy, HRK 1.55 million for PR and organising public events, HRK 800,000 for a call centre, HRK 400,000 for a public opinion poll, and HRK 2.95 million for the Euro on Wheels travelling exhibition.

The campaign is aimed at acquainting citizens with all the advantages of introducing the euro, informing them about the date of the introduction, the fixed exchange rate and trends in consumer prices, and at sending the message that the euro will not result in price rises that would undermine living standards.

Citizens will also be informed about how the government will protect them from unjustified price rises. A public opinion poll has shown that a considerable percentage are concerned that the euro might result in major price prices.

Another aim of the campaign is to increase public support for the euro, reducing citizens' insecurity and the feeling that they will be cheated in the process of switching to the euro.

It will be stressed that introducing the euro as the national currency leads to faster, more favourable and safer doing business, bigger investment, economic growth and higher living standards.

For more, make sure to check out our dedicated politics section.

 

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