By conducting monetary policy, the Croatian National Bank ensures price stability, and then exchange rate stability and, finally, the stability of the entire financial system. The stability of the financial system CNB ensures by maintaining a stable exchange rate of the kuna against the euro, which is the nominal anchor of monetary policy. The Croatian economy is largely euroized, ie most deposits and loans of citizens and entrepreneurs are in euros, so the CNB is limited in some aspects and can only partially manage and control the domestic money market and interest rates. Given the dependence of the Croatian economy on developments in the international market, it is quite sensitive to external shocks and crises. The crisis caused by the coronavirus that hit the world in 2020, has greatly affected the Croatian economy, and especially the tourism sector, which is most affected by the pandemic. In order to mitigate the effects of the pandemic on the economy, the CNB has adapted its operations to the situation through foreign exchange interventions, open market operations and the adjustment of the regulatory framework. Measures have been taken to maintain the stability of the exchange rate, the financial system and the normal functioning of the economy.