Slovenian tolar

1 EUR = 239.640 SIT 100 SIT = 0.41729 EUR

The Tolar ( SIT) was the currency of Slovenia, which was edited by Banka Slovenije since the independence of the State of Slovenia in the year 1991 to the replacement of the currency by the euro on 1 January 2007. The Tolar was introduced on 8 October 1991, immediately after the expiry of the Brioni Agreement, which declared to be suspended for three months the declaration of independence of Slovenia on 25 June 1991. It was determined a 1:1 exchange rate at the prevailing until then Yugoslav dinar. A Tolar corresponded to 100 Stotin. The name comes from the word Tolar dollars.

The bills were divided into 10, 20, 50, 100, 200, 500, 1,000, 5,000 and 10,000 SIT. On these famous people of Slovenian politics, history and society were depicted such as Trubar, Jurij Vega, Plečnik, Rihard Jakopič, Iacobus Gallus, Ivan Cankar, Vajkard Freiherr von Valvasor, Franz Prešeren and Ivana Kobilca. Coins were worth 10, 20, 50 Stotin and 1, 2, 5, 10, 20 and 50 SIT. On the side of the head special animals of the Slovenian fauna were mapped.

Slovenia joined the EU on 1 May 2004. Together with Estonia and Lithuania was the accession on 27 June 2004 exchange rate mechanism II

On 8 March 2006, Slovenia has made ​​an official request to the introduction of the euro as the first of which joined on 1 May 2004 States on 1 January 2007. On 16 May 2006 the European Commission recommended to include Slovenia in the Euro zone, on 15 June 2006 followed an identical recommendation of the European Parliament. Also the EU summit on the same day gave the go-ahead. The Ecofin Council, the formal final decision on a recording in 2007 precipitated on 11 July 2006. Consequently, the euro has since 1 January 2007 the official currency in Slovenia, with a fixed exchange rate of 239.640 SIT for one euro.