There exists several ways in which one can transfer money to Croatia. The best ways for money transfer to Croatia is through bank or post office. Banks and post office are however limited to the fact that they operate within a specified period of time of between 7 am and 7 pm .Traveller's cheques and pre-paid cards are other popular options that are used by the Croatians .Pre-paid cards tend to be very convenient as they can be used at ATMs in the entire country. Top up can be made via a toll free number or the Internet.
There are restrictions that limit the amount of local currency that can be received while there are no limits when dealing with foreign currency. There are no restrictions in sending money except that of the adherence to the fees charged for sending. The process of sending money to Croatia can be done online via the Send Money Online platform in the following process:-
1. Create an account and register on the platform2. Select Croatia as the country and the amount of money you wish to send.3. Enter the receiver information.4. Select payment method and confirm payment.5.Provide the pick-up number to the receiver.
The Croatian economy has been growing at an estimated growth of 2 % per annum. Its monetary institutions have continued with their setup to ensure that exchange rates are stable. Croatia has made major strides in reducing public debt from 100 % of GDP to 87 % of the GDP and has shown more signs of reducing it further. Employment among its people is finally growing and the movement of its workforce to the European Union has helped in reducing unemployment rate. Foreign ownership of its banks is still seen as 90 % of bank assets are still managed by foreign banks. The Croatian National Bank is the Central Bank of Croatia and acts as the regulator of the other banks. Croatian economy is expected to experience a steady growth in the coming days.
Acceptable currencies in Croatia? The official currency of Croatia is the Kuna (HRK). However if you want to transfer money to Croatia, you can also used USD which is widely accepted all over the country. Currency notes are available from Kn5 to Kn1000 and coins are available from 1 lipa to Kn25.
Currency transfer to Croatia
There are various ways in which you can transfer money to Croatia. The best way to do this is through the post office or a bank. However you might be limited to their working time. Banks generally work between 7 a.m. and 7 p.m., Monday through Friday and between 7 a.m. and 1 p.m. on Saturdays. Traveller's cheques can also be used to transfer money in US Dollars, Pound Sterling or Euros. Another popular option that a lot of people explore is the use of pre paid cards. These cards can be used at ATMs all over the country and are a very convenient way of sending money to Croatia. They can be topped up via the internet or from a toll free number.
Restrictions that should be observed
When you send money to Croatia, you need to be aware that the country does have some restrictions that need to be followed. Receiving money in the local currency Kuna, can only be done up to a value of Kn2000. If this is in the form of notes, then it can only be up to a value of Kn500. There is not restriction on the amount of foreign currency.