Slovenian tolar
From Wikipedia, the free encyclopedia
| Slovenian tolar Slovenski tolar (Slovene) |
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| ISO 4217 Code | SIT | ||||
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| 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 tolarjev | ||||
| 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 December 31, 2006. It was subdivided into 100 stotinov. The ISO 4217 currency code for the Slovenian tolar was SIT. The name tolar comes from Thaler, and is cognate with dollar.
As Slovenian 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.
Contents |
[edit] History
The tolar was introduced on October 8, 1991. It replaced the 1990 (Convertible) version of Yugoslav dinar at parity. On June 28, 2004 the tolar was pegged against the euro in the ERM II [1], the EU's exchange rate mechanism. All recalled banknotes can be exchanged at the central bank for current issue.
[edit] Phase-out
On January 1, 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 EMU. The permanent euro/tolar conversion rate was finalised on July 11, 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.
[edit] Coins
In 1992, coins were introduced in denominations of 10, 20 and 50 stotinov, 1, 2 and 5 tolarjev. 10 tolarjev coins were added in 2000, followed by 20 and 50 tolarjev in 2003. The obverse designs all show the denomination, with animals native to Slovenia on the reverses.
| The Only Series [2] | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Image | Value | € equiv. | Technical parameters | Description | Date of | ||||||
| Diameter | Thickness | Mass | Composition | Edge | Obverse | Reverse | first minting | issue | |||
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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 | |
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20 stotinov | 0.08 cent | 18 mm | 1.3 mm | 0.7 g | Long-eared owl, "ASIO OTUS" | |||||
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50 stotinov | 0.21 cent | 20 mm | 1.3 mm | 0.85 g | Western honey bee, "APIS MELLIFERA" | 4 January 1993 | ||||
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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 | |
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2 tolarja | 0.83 cent | 24 mm | 1.7 mm | 5.4 g | Barn Swallow, "HIRUNDO RUSTICA" | |||||
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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 Wikipedia standard for world coins. For table standards, see the coin specification table. | |||||||||||
[edit] Banknotes
The first banknotes were provisional payment notes issued on October 8, 1991, in denominations of 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 Slovenije introduced the following banknotes, all of which 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 was irrevocably set at 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).
[edit] See also
[edit] References
- Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1.
- Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues, Colin R. Bruce II and Neil Shafer (editors), 7th ed., Krause Publications. ISBN 0-87341-207-9.
[edit] External links
- Don's World Coin Gallery - Slovenia
- Ron Wise's World Paper Money - Slovenia Mirror site
- The Global History of Currencies - Slovenia
- Global Financial Data data series - Slovenia Tolar
- Global Financial Data currency histories table (
Microsoft Excel format) - 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 |
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