Slovenia 2017 10th anniversary of the introduction of the euro in Slovenia
10th anniversary of the introduction of the euro in Slovenia
Slovenia has been a full member of the European Union since May
2004. In light of the commitment to introduce the euro as the national
currency, the Slovenian government adopted a convergence programme. The
convergence criteria having been met, the Council of the European Union took
the decision in July 2006 to admit Slovenia to the euro area. Under the Council
Decision of 11 July 2006, the date for Slovenia’s introduction of the euro was
set as 1 January 2007. The tolar exchange rate against the euro was also
determined, at SIT 239.64 to the euro.
Euro banknotes are used in
all countries that have introduced the euro. Euro coins have a common European
side, and a reverse (national side) that is different for each issuing country.
Coins are legal tender in all countries of the euro area, irrespective of the
various motifs on the national side.
Activities to design the
national sides of Slovenia’s euro coins were begun in April 2004. Proposals for
motifs that might adorn the coins were collated in preliminary discussions and through
public invitation. The government defined the motifs and inscriptions on the
national side of Slovenia’s euro coins in April 2005. Five designers were
invited to submit designs for the euro coins. At the conclusion of the
competition in June 2005, the design chosen was that of Miljenko Licul, with
his colleagues Maja Licul and Janez Boljka. The government approved the
national side of Slovenia’s euro coins in July 2006, and published the designs
in the Official Journal of the European Union on 20 November 2006.
The government passed the
Euro Introduction Act in November 2006, thereby setting out detailed procedures
for the introduction of the euro as Slovenia’s currency. It was stipulated that
as of 1 January 2007 Slovenia’s legal tender is to be the euro, while tolars
could be used for payments until 14 January 2007. There is no time limit for
the exchange of tolar banknotes and payment notes at the Bank of Slovenia.
The Republic of Slovenia is
issuing a 2-euro commemorative coin to mark the 10th anniversary of Slovenia’s introduction of
the euro, an event that made it a member of the euro area and part of the
Eurosystem, which uses the euro as currency. In addition to inscriptions, there
is an image on the coin of ten swallows, which have great importance in folk
heritage, and whose flight in the direction of the hour hand symbolises
progress and development.
Weight - 8.5 g.
Quality - UNC (Uncirculated)
Diameter - 25.75 mm.
Composition Bimetallic - nickel brass clad
nickel center in copper-nickel ring
Circulation - 1'000'000 pcs.
Country of origin - Slovenia
Year of release - 2017
