kn

Croatia's currency, the kuna, has been in use since 1994. Each lipa is divided into 100. The Croatian National Bank issues the kuna, and the Croatian Monetary Institute mints the coins. Due to various number declension laws, the Croatian word kuna can be pluralized as either kuna or kune. The kuna will be phased out in 2022 in preparation for Croatia's switch to the euro on January 1, 2023. Cash in kuna may be exchanged for euros at no cost, and all Croatian bank accounts and credit cards will be instantly converted to euros. In Croatian, the word "kuna" means "marten," alluding to the historical use of marten pelts as money in medieval trade. In Croatia and other nations ruled by the Habsburg monarchy in the early modern era, linden trees, which are referred to by their English name as "linden trees," were customarily planted around marketplaces.