Slovak crown (1993-2008)

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Slovak crown
Country: SlovakiaSlovakia Slovakia
Subdivision: 100 hellers (halierov)
ISO 4217 code : SKK
Abbreviation: Sk
Exchange rate :
(fixed)

1 EUR = 30.1260 SKK
100 SKK = 3.31939 EUR

The Slovak crown ( slovenská koruna ) was the currency of Slovakia from February 8, 1993 (shortly after the division of Czechoslovakia and the creation of independent Slovakia on January 1, 1993) to December 31, 2008 . One crown was divided into 100 Heller (halier) . On June 3, 2008, the Economic and Financial Affairs Council approved the introduction of the euro on January 1, 2009. The exchange rate that came into effect on January 1, 2009 was set on July 7, 2008 at SKK 30.126 / EUR. On January 1, 2009, the euro officially replaced the Slovak koruna as the currency; for a transition period until January 16, 2009, both currencies could still be used.

Banknotes

There were the following banknotes: 20 crowns, 50 crowns, 100 crowns, 200 crowns, 500 crowns, 1000 crowns and 5000 crowns. On the front there were personalities from Slovak history and on the back there were places associated with them. For the design, a proposal by Joseph Bubák was used , whose draft for an all- Czechoslovak note series was inferior to the CSFR.

Value in SKK Value in EUR front Description of the front Description of the back
20 Sk € 0.66 20 crowns Prince Pribina Nitra Castle
50 Sk € 1.66 50 crowns St. Cyril and Method Church in Nitra- Dražovce and Glagolitic script
100 Sk € 3.32 100 crowns Image of Mary in Levoča ( Paul von Leutschau ) Church and town hall in Levoča
200 Sk € 6.64 200 crowns Anton Bernolák City of Trnava
500 Sk 16.60 € 500 crowns Ľudovít Štúr Bratislava Castle
1000 Sk € 33.19 1000 crowns Andrej Hlinka Church in Ružomberok
5000 Sk € 165.97 5000 crowns Milan Rastislav Štefánik Tomb on the Bradlo Hill ( Brezová pod Bradlom )

Coins

There were the following coins: 50 heller, 1 krone, 2 krone, 5 krone and 10 krone

The former 10 and 20 Heller pieces became invalid on January 1, 2004 and were confiscated by the National Bank of Slovakia . 50 Heller coins continued to exist in two variants: an older “classic” aluminum chip and a newer, smaller coin made of copper-plated iron. Even before the introduction of the euro, however, 50 Heller pieces were rare in daily payment transactions.

As the retail trade continued to issue prices in 10-Heller intervals, the respective total amount was rounded up when the euro was introduced.

All coins were designed by Drahomír Zobek . They had the image of the Slovak coat of arms with the writing “SLOVENSKÁ REPUBLIKA” (Slovak Republic) and the year of embossing on the back; Description of the front as below:

Value in SKK Value in EUR front back Description of the front
10 h € 0.0033 10 lighter 10 lighter Eight-sided wooden bell tower from Zemplín
20 h € 0.0066 20 lighter 20 lighter Kriváň mountain in the High Tatras
50 h € 0.0166 50 lighter 50 lighter Devin Castle tower over the Danube
1 Sk € 0.0332 1 crown 1 crown Gothic sculpture of an image of Mary
2 Sk € 0.0664 2 crowns 2 crown Seated Venus figurine
5 Sk € 0.166 5 crowns 5 crowns Reverse side of the Celtic coin Biatec
10 Sk € 0.332 10 crowns 10 crowns Bronze cross from Veľká Mača

Exchange rate system

Exchange rate since 1999

On November 25, 2005, Slovakia joined Exchange Rate Mechanism II (ERM II) without notice . About him the crown at 15-percent was bandwidth at a fixed central rate pegged to the euro. Initially, 38.4550 kroner per euro was set as the central rate. As a result of the continual appreciation of the krona against the euro, however, the Slovak central bank was forced to adjust the central rate in consultation with the EU ; therefore, a central rate of 35.4424 kroner per euro has applied since March 19, 2007. Since the strong appreciation of the krona continued, the central rate was adjusted again on May 28, 2008 to 30.1260 kroner per euro.

On May 7, 2008, the European Commission recommended the introduction of the euro in Slovakia on January 1, 2009 based on the ECB's convergence report. The country (as the only one of the 9 countries assessed in the convergence report) met all Maastricht criteria. On June 3, 2008, the Economic and Financial Affairs Council finally gave the green light for the euro to be introduced on January 1, 2009. At the EU summit on 19/20. June 2008 the heads of state and government of the EU countries agreed. The last central rate of the krona - 30.1260 kroner per euro - was set on July 8th as the final conversion rate for joining the euro area, which has been in effect since January 1, 2009.

In the first Slovak republic from 1939 to 1945 there was also a currency called the Slovak crown .

See also


Web links