Slovenian tolar

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Slovenian tolar
slovenski tolar  (Slovene)
ISO 4217 code SIT
Central bank Bank of Slovenia
 Website www.bsi.si
User(s) None, previously:
 Slovenia
Inflation 0.8%
 Source Bank of Slovenia, 2005
 Method Core CPI
ERM
 Since 28 June 2004
 Fixed rate since 11 July 2006
 Replaced by €, non cash 1 January 2007
 Replaced by €, cash 1 January 2007
= 239.640 tolars
 Band 15%
Subunit
 1/100 stotin
Plural The language(s) of this currency belong(s) to the Slavic languages. There is more than one way to construct plural forms.
Coins 10, 20, 50 stotinov, 1, 2, 5, 10, 20, 50 tolarjev
Banknotes 10, 20, 50, 100, 200, 500, 1000, 5000, 10,000 tolarjev
This infobox shows the latest status before this currency was rendered obsolete.

The tolar was the currency of Slovenia from 8 October 1991 until the introduction of the euro on 1 January 2007. It was subdivided into 100 stotinov (cents). The ISO 4217 currency code for the Slovenian tolar was SIT. From October 1991 until June 1992, the acronym SLT was in use.1

History

The name tolar comes from Thaler, and is cognate with dollar. The tolar was introduced on 8 October 1991. It replaced the 1990 (Convertible) version of Yugoslav dinar at parity. On 28 June 2004, the tolar was pegged against the euro in the ERM II, the European Union exchange rate mechanism. All recalled banknotes can be exchanged at the central bank for current issue.

Phase-out

On 1 January 2007, the tolar was supplanted by the euro. Slovenia issues its own euro coins, like all other nations in the Eurozone.

The timescale for conversion from the tolar to the euro operated differently from the first wave of European Monetary Union (EMU). The permanent euro/tolar conversion rate was finalised on 11 July 2006 at 239.640 tolar per euro. During the first wave of EMU, this period was only a day (the conversion rates were fixed on 31 December 1998 and euro non-cash payments were possible from 1 January 1999). Also unlike the first wave of EMU which had a three year transition period (1999–2001), there was no transition period when non-cash payments could be made in both tolar and euro. The tolar was used for all transactions (cash and non-cash) until 31 December 2006 and the euro must be used for all payments (cash and non-cash) from 1 January 2007. However, as with the first wave of EMU, cash payments with the tolar could continue until 14 January 2007, but change had to be given in euro.

Coins

In 1992, coins were introduced in denominations of 10, 20 and 50 stotinov (10, 20 and 50 stotins), 1 tolar, 2 tolarja and 5 tolarjev (2 and 5 tolars). 10 tolarjev (10 tolars) coins were added in 2000, followed by 20 and 50 tolarjev (20 and 50 tolars) in 2003. The obverse designs all show the denomination, with animals native to Slovenia on the reverses. The coins were designed by Miljenko Licul and Zvone Kosovelj and featured reliefs of animals by Janez Boljka.2

The Only Series [1]
Image Value € equiv. Technical parameters Description Date of
Diameter Thickness Mass Composition Edge Obverse Reverse first minting issue
10 stotinov

(10 stotins)

0.04 cent 16 mm 1.3 mm 0.55 g 98% aluminium
2% magnesium
Plain Value, state title, year of minting Olm, "PROTEUS ANGUINUS" 29 April 1993
20 stotinov

(20 stotins)

0.08 cent 18 mm 1.3 mm 0.7 g Long-eared owl, "ASIO OTUS"
50 stotinov

(50 stotins)

0.21 cent 20 mm 1.3 mm 0.85 g Western honey bee, "APIS MELLIFERA" 4 January 1993
1 tolar

(1 tolar)

0.42 cent 22 mm 1.7 mm 4.5 g 78% copper
20% zinc
2% nickel
Milled Value, state title, year of minting Brown trout, "SALMO TRUTTA FARIO" 4 January 1993
2 tolarja

(2 tolars)

0.83 cent 24 mm 1.7 mm 5.4 g Barn Swallow, "HIRUNDO RUSTICA"
5 tolarjev

(5 tolars)

2.09 cent 26 mm 1.7 mm 6.4 g Alpine Ibex, "CAPRA IBEX"
[2] 10 tolarjev

(10 tolars)

4.17 cent 22 mm 2 mm 5.75 g Cupronickel
75% copper
25% nickel
Milled Value, state title, year of minting Horse, "EQUUS" 19 April 2000
[3] 20 tolarjev

(20 tolars)

8.35 cent 24 mm 2 mm 6.85 g Waved-edge milled White Stork, "CICONIA CICONIA" 7 July 2003
[4] 50 tolarjev

(50 tolars)

20.86 cent 26 mm 2 mm 8 g Alternating plain/ milled Bull, "TAURUS TAURUS"
These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table.

Banknotes

The first banknotes were provisional payment notes issued on 8 October 1991, in denominations of 1, 2, 5, 10, 50, 100, 200, 500, 1000, and 5000 tolarjev (0.50 and 2000 tolarjev notes were also printed, but never issued; one thousand sets with matching serial numbers were sold for 5,000 tolarjev each beginning on 6 May 2002).3 These notes all feature Triglav, the tallest mountain in Slovenia, on the front, and the Duke Stone, honeycomb pattern, and Carniolan honey bee on the back. In 1992, the Bank of Slovenia introduced the following banknotes, all of which feature notable Slovenes. The banknotes were designed by Miljenko Licul and coauthors, whereas portraits were drawn by Rudi Španzel. They were printed by the British company De La Rue on paper produced in Radeče, Slovenia.2

1992 Series [5]
Image Value € equiv. Dimensions Main Colour Description Date of
Obverse Reverse first printing issue
[6] 10 tolarjev 0.04 120 × 60 mm Multicolour Primož Trubar, the first page of Trubar's Abecedarium The Ursuline Church in Ljubljana, motif from the New Testament 15 January 1992 27 November 1992
[7] 20 tolarjev 0.08 126 × 63 mm Janez Vajkard Valvasor Two angels from Valvasor's book The Glory of the Duchy of Carniola, segments of the map of Slovenia 28 December 1992
[8] 50 tolarjev 0.21 132 × 66 mm Jurij Vega, drawing from Vega's "Treatise on the Sphere" The Solar System, Slovenian Academy of Sciences and Arts 19 March 1993
[9] 100 tolarjev 0.42 138 × 69 mm Rihard Jakopič Detail from Jakopič's painting "The Sun", plan of the former Jakopič Pavilion 30 September 1992
[10] 200 tolarjev 0.83 144 × 72 mm Jacobus Gallus, motif of an organ from the 17th century Slovenian Philharmonic Hall 22 February 1993
[11] 500 tolarjev 2.09 150 × 75 mm Jože Plečnik National and University Library of Slovenia 30 September 1992
[12] 1000 tolarjev 4.17 156 × 78 mm France Prešeren, Prešeren's signature Text from the Zdravljica
[13] 5000 tolarjev 20.86 Ivana Kobilca National Gallery of Slovenia, Robba fountain 1 June 1993 13 December 1993
[14] 10 000 tolarjev 41.73 Ivan Cankar, stage plan of the former Theatre of Ljubljana Chrysanthemum (Chrysanthemum), Cankar's handwriting 28 June 1994 15 March 1995

Historical exchange rates

Lower number indicates the tolar has a higher value.

  • SIT per EUR – 233.0 (April 2006); 239.5 (June 2005); 235.7 (November 2003); 227.3 (June 2002). From 1 January 2007 the rate was irrevocably set at 239.640 and has been finalised by the European Commission.
  • SIT per USD – 193.0 (April 2006); 198.0 (June 2005); 201.3 (November 2003); 195.06 (January 2000); 181.77 (1999); 166.13 (1998); 159.69 (1997); 135.36 (1996); 118.52 (1995).

See also

References

  1. ^ "Pregled pomembnejših dogodkov v Sloveniji med 29. junijem in 4. julijem" [Review of More Important Events in Slovenia From 29 June until 4 July] (in Slovene). Slovenian Press Agency. 
  2. ^ a b Šiška, Marko (January 2012). "Twenty Years of National Currency". Www.ukom.gov.si. Government Communication Office, Republic of Slovenia. 
  3. ^ Linzmayer, Owen (2012). "Slovenia". The Banknote Book. San Francisco, CA: www.BanknoteNews.com. 

External links

  • Banknotes and coins, Bank of Slovenia
  • balkanofil.ru/index.php/bills/slovenia/107.html - Catalog and gallery notes Slovenia
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