Between 2007 and 2010, the Croatian National Bank (CNB) withdrew from circulation seven series of 5-, 10-, 50-, 100- and 200-kuna banknotes. All of the notes were originally issued in the 1990s. If you think that is old news, you might be surprised to learn that more than 9.5 million of the invalid Croatian banknotes are still in circulation, according to Total Croatia News.
Although these banknotes were declared invalid as currency more than a decade ago, some people seem unaware that they won’t be able to spend them if they find them stuck in a desk drawer or pocket.
The highest number of invalid banknotes (11 percent), in denominations of 5 kuna each, were issued 1993.
Return and exchange of invalid banknotes is on the rise
In the last year alone, the CNB received a total of 17,706 invalid Croatian banknotes, including 3,923 200-kuna banknotes originally issued in 1993.
The value of all invalid Croatian banknotes returned and exchanged during the year starting May 2020 through May 2021 totaled about 1.44 million kuna. Perhaps the extra housecleaning that took place during the pandemic shutdown unearthed the old notes in many homes.
The Croatian National Bank will replace all invalid kuna banknotes free of charge and with no time limit to anyone who brings them in person to a designated office or sends them in by mail.
Sources:
Croatian National Bank
Total Croatia News
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