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Croatia sends letter of intent for ERM II entry

Author: Vojo Micak

ZAGREB, July 4 (Hina) - Croatia on Thursday sent a letter to the euro area member states, Denmark and EU institutions expressing its intent to enter the European Exchange Rate Mechanism (ERM II), taking the first formal step towards participation in ERM II which precedes the adoption of the euro as legal tender, the Finance Ministry and the Croatian National Bank (HNB) announced in a statement.

(Hina) vm

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