Washington Agreement restores Croat-Bosniak alliance

After jointly advocating for the independence of Bosnia and Herzegovina, Bosniaks and Bosnian Croats were also the targets of ethnic cleansing by Serbian forces that occupied 72% of Bosnian territory, causing more than 100,000 deaths. Paradoxically, this desperate situation, due to the cruel lack of a means of defence, provoked a conflict between the two allies in 1993, playing into the hands of the aggressor. In order to restore their strategic alliance and coordinated resistance, a joint Croat-Bosniak Federation was established with the support of Washington, Zagreb and Sarajevo. Croatian and Bosniak presidents, Franjo Tuđman and Alija Izetbegović, also signed an agreement establishing a confederation between Croatia and this Federation.

1994

30 May

Photo: Croatian National Bank / Božidar Bengez

Kuna, the new national currency

In replacement of the Croatian Dinar, a provisional currency in circulation since independence, the Croatian National Bank put the new Croatian currency into circulation, the Kuna (HRK), which is divided into 100 lipas. The Kuna (meaning marten) was the historical Croatian currency in the Middle Ages.