Slovenian tolar

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The tolar is the currency of Slovenia. It is divided into 100 stotinov. The ISO 4217 currency code for the Slovenian tolar is SIT. The name tolar comes from Thaler, and is cognate with dollar.

Contents 1 History 2 Future 3 Coins 4 Banknotes 5 Historical exchange rates 6 See also 7 External links

[edit] History

The tolar was introduced on 8 October 1991. It replaced the 1990 version of Yugoslav dinar at par. On 28 June 2004 the tolar was pegged against the euro in the ERM II [1], the EU's exchange rate mechanism. The first banknotes were provisional payment notes issued on 8 October 1991 and had a bee on the obverse and Triglav, the tallest mountain in Slovenia, on the reverse, these notes ceased to be issued when the current banknotes were released in 1992. All recalled banknotes can be exchanged at the central bank for current issue.

[edit] Future

On January 1, 2007, the tolar is to be replaced with the euro; Slovenia will issue its own euro coins, like all other nations in the Eurozone.

The timescales for conversion from the tolar to the euro will operate differently from the first wave of EMU. The permanent EUR/SIT conversion rate was finalised on July 11, 2006 at 239.640 SIT per EUR. During the first wave of EMU, this period was only a day (the conversion rates were fixed on 31 December 1998 and EUR 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 will be no transition period when non-cash payments can be made in both SIT and EUR. SIT will continue to be used for all transactions (cash and non-cash) until 31 December 2006 and EUR must be used for all payments (cash and non-cash) from 1 January 2007. However, as with the first wave of EMU, cash payments in SIT may continue until 14 January 2007, but change must be given in EUR.

[edit] Coins

10 and 50 tolar coins

The following coins are minted. Typical animals are represented on the reverse side.

The Only Series [2]
Image	Value	€ equiv.	Technical parameters				Description			Date of
			Diameter	Thickness	Mass	Composition	Edge	Obverse	Reverse	first minting	issue
	10 stotinov	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	0.08 cent	18 mm	1.3 mm	0.7 g				Long-eared owl, "ASIO OTUS"
	50 stotinov	0.21 cent	20 mm	1.3 mm	0.85 g				Western honey bee, "APIS MELLIFERA"		4 January 1993
	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	0.83 cent	24 mm	1.7 mm	5.4 g				Barn Swallow, "HIRUNDO RUSTICA"
	5 tolarjev	2.09 cent	26 mm	1.7 mm	6.4 g				Alpine Ibex, "CAPRA IBEX"
[3]	10 tolarjev	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
[4]	20 tolarjev	8.35 cent	24 mm	2 mm	6.85 g		Waved-edge milled		White Stork, "CICONIA CICONIA"		7 July 2003
[5]	50 tolarjev	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, a standard for world coins. For table standards, see the coin specification table.

[edit] Banknotes

The following banknotes are printed. All of them feature important Slovenians.

1992 Series [6]
Image	Value	€ equiv.	Dimensions	Main Colour	Description		Date of
					Obverse	Reverse	first printing	issue
[7]	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
[8]	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
[9]	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
[10]	100 tolarjev	0.42	138 × 69 mm		Rihard Jakopič	Detail from Jakopic's painting "The Sun", plan of the former Jakopic Pavilion		30 September 1992
[11]	200 tolarjev	0.83	144 × 72 mm		Jacobus Gallus, motif of an organ from the 17th century	Slovene Philharmonic Hall		22 February 1993
[12]	500 tolarjev	2.09	150 × 75 mm		Jože Plečnik	National and University Library of Slovenia		30 September 1992
[13]	1000 tolarjev	4.17	156 × 78 mm		France Prešeren, Preseren's signature	Text from the Zdravljica
[14]	5000 tolarjev	20.86			Ivana Kobilca	National Gallery in Ljubljana, Robba Fountain	1 June 1993	13 December 1993
[15]	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
For table standards, see the banknote specification table.

[edit] 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 will irrevocably be 239.640 and has been finalised by the EC.
• 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).

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[edit] See also

• Slovenian euro coins

[edit] External links

• Current exchange rate, Bank of Slovenia
• Banknotes and coins, Bank of Slovenia
• Background information

Preceded by: Yugoslav 1990 dinar Reason: independence (on June 25, 1991) Ratio: at par

Currency of Slovenia October 8, 1991 – December 31, 2006

Succeeded by: euro Reason: joining a monetary union Ratio: 1 euro = 239.64 tolarjev

Pre-euro and other EU currencies

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