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Euro Changeover

The Slovak Republic adopted the euro on 1 January 2009 after the EU Council accepted on 8 July 2008 the country´s entry into the eurozone.

Frontloading of Slovakia with euro cash

To ensure the necessary amount of cash in the new currency, 188 million euro banknotes and 500 million euro coins were delivered to Slovakia. If all these notes were laid down next to one another, they would cover an area nine times bigger than Štrbské pleso lake. If they were laid in a row, it would stretch 25 000 kilometres, which is 50-times the distance between Bratislava and the European Central Bank in Frankfurt. When it comes to coins, if they were placed on top of one another, they would reach six times higher than the highest mountain in Slovakia, the Gerlach Peak, measuring 2 655 m. And if these coins were to be divided equally among Slovak inhabitants, each person would get 96 coins. The volume mentioned was needed to cover the initial demand and supplies for Národná banka Slovenska.

Euro information campaign

In preparation for the introduction of the euro, the European Central Bank, jointly with Národná banka Slovenska, organised a 300-day information campaign, which was implemented by means of direct euro packages to all households, 118 various publications, television, radio and press, as well as through the various games and competitions. There were a number of special events, such as the Conference on the Introduction of the Euro in Slovakia, which was attended by Jean-Claude Trichet, the President of the European Central Bank, and Joaquín Almunia, the European Commissioner for Economic and Monetary Affairs. For providing up-to-date information on the euro, a twinning programme was launched, involving the ECB, Národná banka Slovenska and selected organisations from both the public and private sectors in the country. Thank to this, banks, shops and companies were well prepared for the transfer of valuables, as too were manufacturers of money acceptance and dispensing equipment, all of which significantly contributed to the smooth introduction of the new banknotes and coins.

Slovak euro coins

The themes for the national sides of the Slovak euro coins were decided in a public opinion poll, which ran from 12 to 20 November 2008. The €1 and €2 coins portray the patriarchal cross in the middle of three mountain peaks, which was designed by Ivan Řehák. The 10, 20 and 50-cent coins show Bratislava castle and the national emblem of the Slovak Republic. These designs come from the workshop of Ján Černaj and Pavol Károly.

Coins with a value of 1, 2 and 5 cents, designed by Drahomír Zobek, depict the Kriváň Peak – a peak in the Tatra mountains, which is a symbol of the sovereignty of the Slovak nation. Did you know that the Slovak €2 coin won the award “Best Trade Coin” (best circulatory coin) in 2011 in the Berlin competition sponsored by publishing house Krause Publications