Slovenian take-over of the euro as of the year 2007
As the first of the ten new
members that joined the EU in the year 2004, Slovenia will
adopt the euro as its official currency as of 1.1.2007.
The country between the Adriatic Sea and the Alps is thus
the 13th country to join the European monetary union. The
tolar, the current national currency, will be discontinued
after its 15-year run and Slovenians will be counting out
239.64 tolars for one euro. On the new coins there will
be images of the Lipizzaners, Triglav (as the highest mountain
in the country), France Prešeren (as the author of the
national anthem), and so on.
Among the new members of the EU, Slovenia has a reputation
of being an economically exemplary (stable) country.
Slovenia is the only one out of the ten new member
countries that fulfils the criteria of low public deficit,
the lowest public debt, interest rates, monetary stability
Since the month of March 2006,
prices at shops and restaurants have been expressed
in tolars as well as in euro. In September 2006 salaries
will be calculated in both currencies for the first
time. Only two weeks after
the new year, both currencies will be equally accepted
as legal means of payment. However, as of the beginning
of the month of March 2007, it will only be possible
to exchange the old Slovenian currency (tolar) for
euro at the issuing bank (Bank of Slovenia).
Bank of Slovenia
Bank of Slovenia:
Holidays, Stores, Post
Drinking Water, Electricity,