Croatian central bank moves towards “close co-operation” with ECB

The Croatian National Bank

The European Central Bank has welcomed a draft law proposed by Croatia’s government that would give it a formal role in regulating the country’s larger credit institutions. 

The draft law is part of the Croatian government’s attempt to join the European single currency. Croatia is a member of the European Union but does not yet belong to the eurozone.

The ECB said in an official opinion that it welcomed the draft law’s requirement that the Croatian National Bank, or HNB, would formally enter

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