Question

Kuna is the currency of which country?

Answer 1

Answer: Croatia

Explanation:

The Croatian Kuna was the official currency of Croatia from 1994 to 2023. The currency derived its name from the Croatian word "kuna," which means "marten" - a small furry animal whose pelts were historically used as a medium of exchange in medieval Croatia.

Croatia, located in southeastern Europe on the Balkan Peninsula, gained its independence from Yugoslavia in 1991. After a transitional period using the Croatian dinar, the country introduced the kuna in 1994 to stabilize its economy and establish monetary independence. The currency was subdivided into 100 smaller units called "lipa," which means "linden tree" in Croatian.

However, it's important to note that Croatia adopted the Euro as its official currency on January 1, 2023, replacing the kuna. This transition occurred when Croatia joined the Eurozone, making it the 20th member country to use the Euro as its primary currency. The changeover was part of Croatia's continued integration into European economic systems following its European Union membership in 2013.