Tolar

The tolar (code SIT ) was the monetary Unit of the Slovenia, of the October 8th 1991 with the December 31st 2006 before being replaced by the Euro. The tolar was divided into 100 Stotin S.

Foreign exchange rate

The tolar is related to the euro since the June 28th 2004 (Entered MCE II):
1 euro = 239,640 SIT.

History of the Slovenien tolar

In September 1989, the General meeting of the Yugoslav Republic of Slovenia adopts an amendment with its constitution granting the right to Slovenia to make secession of the Yugoslavia. December 23rd, 1990, 88% of the Slovenien population decide by referendum in favor of independence. June 25th, 1991, the Republic of Slovenia declares her independence.

The Banque of Slovenia ( Banka Slovenije in Slovenien) is created on June 25th, 1991 by the promulgation of the act of the central bank by the Parliament of the Republic of slovénie (OJ of the Republic of Slovenia S No 1/91-I).

The tolar was introduced on October 8th, 1991 to replace the Yugoslav Dinar of 1990 with equal parity. They were notes of payment of 1,2,5,10,50,100,200,500 and 1000 tolars.

Banknotes were gradually put in circulation starting from January 15th, 1992.

In 1993, a first series of parts was put in circulation: January 4th parts of 5 tolars, 2 tolars, 1 tolar and 50 stotins and on April 29th, parts of 20 stotins and 10 stotins (OJ of the RS No 59/92). The part of 10 tolars is put in circulation on April 19th, 2000 (OJ of the RS No 15/98), while the parts of 20 tolars and 50 tolars are put in circulation on July 7th, 2003 (OJ of the RS No 86/02)

The notes of payment of 1991 were gradually withdrawn from circulation, but remain always exchangeable with the Banque of Slovenia.

And since February 2nd, 2002, the tolar is related to the euro on the rate of 1 EURO = 239,640 SIT. This rate did not change until the replacement of the tolar by the euro on January 1st 2007 at the time of the entry of Slovenia in the Euro area. Following the adhesion of the Republic of Slovenia to the European Union, the Bank of Slovenia became member of the European System of central banks (SEBC) and since June 28th, 2004, the tolar was fixed at the Mécanisme of European foreign exchange rate ERM II.

The passage to the euro

The passage to the Euro as Slovenia was made on January 1st 2007.

The drawing of the Pièces in euro of Slovenia was presented on October 16th, 2005. These parts are valid in all the Euro area since January 1st, 2007.

Articles of the Bank of Slovenia ( Banka Slovenije ), in English:

  • Introduction of the euro as Slovenia.

Details

Although they are posted in the current prices, the stotins are not used in the everyday life, the customer paying with the higher tolar.

Tolar is not a deformation of Dollar. Both share an etymology common going up to the Thaler. The official term is slovenski tolar (tolar Slovenien). This comes owing to the fact that tolar means thaler in Slovenien.

The tolar does not have a strong load symbolic system as Slovenia. Chronologically the second currency of the country (after a system of coupons set up immediately after independence), it arrives that the Sloveniens speak about “SIT” instead of tolars (the expression “ slovenski tolar ” is never employed in the language running).

Orthographies in the plural (French pronunciation between hooks):

  • 2 tolarja * 3 and 4 tolarji * 5 or more tolarjev).

  • the smallest ticket is worth 10 Tolars, either approximately 4 centimes of Euro,

  • the largest ticket is worth 10.000 Tolars, or approximately 41 euros.

Slovenien coins

Parts of current circulation

  • the first series of parts
    • 10 stotin
    • 20 stotins
    • 50 stotins
    • 1 tolar
    • 2 tolarja
    • 5 tolarjev
  • the part of 10 tolars emitted in 2000
  • parts of 20 tolars and 50 tolars emitted in 2003

Collector's items

The Republic of Slovenia strikes many collector's items topics political, historical, scientific, cultural, humane and other topics whose subject is important, either on the level of the republic, or at the level of communquté international. The law on the collector's items is described in official journal (OJ of the RS No 7/93)

Slovenien banknotes

Notes of payment or coupons (1991)

A first series of coupons is published shortly after the proclamation of independence, on October 8th, 1991 (1, 2,5,10,50,100,200,500,1000 tolars), the coupon of 5000 tolars is put in circulation on May 27th, 1992. These coupons were put except circulation on June 30th, 1993, except the coupon of 1000 tolars (as of on November 6th, 1992) and of 5000 tolars (on February 1st, 1994).: These notes of payment are always exchangeable at the Bank of Slovenia, unbounded.

Banknotes

  • 10 tolarjev
  • 20 tolarjev
  • 50 tolarjev
  • 100 tolarjev
  • 200 tolarjev
  • 500 tolarjev
  • 1000 tolarjev
  • 5000 tolarjev
  • 10000 tolarjev

External bonds

  • the site of the Bank of Slovenia (central bank) (in Slovenien '' Banka Slovenije '')
  • daily Quotation of Tolar on the site of the ECB (European Central bank)

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