Slovenian tolar

Slovenian tolar
slovenski tolar (Slovene)
ISO 4217 Code	SIT
User(s)	Slovenia
Inflation	0.8%
Source	Bank of Slovenia, 2005
Method	Core CPI
ERM
Since	28 June 2004
Fixed rate since	1 January 2007
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. See article.
Coins	10, 20, 50 stotinov, 1, 2, 5, 10, 20, 50 tolarjev
Banknotes	10, 20, 50, 100, 200, 500, 1000, 5000, 10000 tolarjev
Central bank	Bank of Slovenia
Website	www.bsi.si
This infobox shows the latest status before this currency was rendered obsolete.

The tolar was the currency of Slovenia from 1991 until the introduction of the euro on 1 January 2007. It was subdivided into 100 stotins (cents). The ISO 4217 currency code for the Slovenian tolar was SIT.

Etymology

The name tolar comes from Thaler, and is cognate with dollar.

As Slovene is one of the few languages with a grammatical dual, the correct inflections of the word "tolar" are 2 tolarja for 2 SIT, but tolarji for 3 or 4 SIT. For 5 SIT or more, the word tolarjev, genitive plural of tolar, is used.

History

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 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.

10 and 50 tolar coins

Banknotes

The first banknotes were provisional payment notes issued on 8 October 1991, in denominations of 0.50, 1, 2, 5, 10, 50, 100, 200, 500, 1000 and 5000 tolarjev. These notes all feature a bee on the obverse and Triglav, the tallest mountain in Slovenia, on the reverse. In 1992, the Bank of Slovenia introduced the following banknotes, all of which feature notable Slovenes.

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

• Economy of Slovenia

References

External links

• Banknotes and coins, Bank of Slovenia
• Catalog and gallery banknotes Slovenia