BANKNOTES OF SLOVENIA
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The history of the currency of Slovenia
Slovenia gained its independence on 25 June 1991 from
Yugoslavia, In October of that year the new government introduced the tolar. The
tolar was introduced at par to the 1990 version of the Yugoslav Dinar. The
government produced notes called Tolar Bons in denominations from 1 – 5000
Tolarjev. In 1992, Banka Slovenije was formed and assumed the coin and note
issuing responsibilities from the government. The new Tolar introduced by the
Bank replaced the old Tolar Bons at par. In 2004 the value of the Tolar was
pegged to the euro on the EMU’s exchange rate mechanism. The Slovenian tolar is
slated to be replaced by the euro in January 2007.
The Slovenian Tolar’s ISO 4217 code is SIT. The plural of tolar is tolarjev and
1 tolar is divisible into 100 stotins. Currently coins are issued in
denominations of 10, 20 and 50 stotins and 1, 2, 5, 10, 20 and 50 Tolarjev.
Although stotins are rarely used anymore due to their low value. Banknotes come
in denominations of 10, 20, 50, 100, 500, 1000, 5000 and 10,000 tolarjev, the
10, 20 and 50’s have largely been replaced by coins.
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Page created: 22 June 2006
Last Update: 22 June 2006
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