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Current information on withdrawal of the Slovak koruna from circulation as at 30 June 2009

1 Jul 2009

Národná banka Slovenska informs that the volume of cash withdrawn from circulation represents SKK 149.6 billions as at 30 June 2009 i.e. 96.4% of the value in circulation as at 31 December 2007 (standard circulation). More than SKK 77 billions were withdrawn from circulation as at the end of 2008 and further SKK 71.9 billions In the first half of 2009.

  • Almost 110 millions pieces of bankotes and more than 223 millions pieces of coins in circulation were received and exchanged from the beginning of the year.
  • The amount of the Slovak currency received and exchanged was considerably lower in the course of the last months. While in January more than 90 million pieces of banknotes and 137.4 million pieces of coins in circulation were received by the offices of the NBS and by other banks (to be exchanged to euro), in June there was only more than 604 thousands of pieces of banknotes and 3.5 millions pieces coins in circulation.
  • The number of exchanges of the Slovak koruna to the euro was highest at the NBS in January ( 4787), in February it decreased by more than ahalf to 2362, then it decreased in aslower growth rate, in May it was 1897 and in June it slightly increased to 1991.
  • More than 22 million pieces of banknotes remained still in circulation ( most of which were in denomination of SKK 20 and SKK 100 and 405.4 million pieces of coins (most of which in denomination of 50 haliers and 1 halier).
  • More than 230 tons of banknotes and more than 1564 tons of coins were destructed.
  • At the present time there is more than EUR 3.6 billions in circulation which is more than 109 billions in countervalue to SKK which represents more than 40.5% higher value when compared with the value of the SKK in circulation as at 31 December 2008. More than 60 million pieces of euro banknotes and 238.6 million pieces of euro coins are in circulation. In addition, banknotes and coins issued in other countries of the euro area can be in circulation.

More detailed data on the development of the value in circulation from 31 December 2008 to 30 June 2009 are listed in the table below:

Date

Value of the Slovak koruna in circulation*

Cash withdrawn from circulation (% of the value in circulation as at 31.12.2007)

31.12.2008

77 642 407 277 Sk

50%

2.1.2009

72 452 577 284 Sk

53%

3.1.2009

69 546 245 662 Sk

55%

4.1.2009

66 452 416 817 Sk

57%

5.1.2009

63 358 083 103 Sk

59%

6.1.2009

60 238 140 921 Sk

61%

7.1.2009

55 824 694 277 Sk

64%

8.1.2009

51 638 755 947 Sk

67%

9.1.2009

47 961 062 190 Sk

69%

12.1.2009

43 033 842 901 Sk

72%

13.1.2009

39 311 419 089 Sk

75%

14.1.2009

36 704 013 129 Sk

76%

15.1.2009

34 366 738 066 Sk

78%

16.1.2009

32 070 738 824 Sk

79%

23.1.2009

21 129 818 015 Sk

86%

31.1.2009

16 291 819 110 Sk

90%

6.2.2009-

13 035 930 405 Sk

92 %

28.2.2009

8 432 533 780 Sk

95 %

6.3.2009

8 089 152 370 Sk

95 %

6.4.2009

7 017 709 260 Sk

95,5%

7.5.2009

6 450 093 199 Sk

95,8%

29.5.2009

6 122 684 600 Sk

96,1%

16.6.2009

5 909 740 278 Sk

96,1%

30.6.2009

5 733 725 666 Sk

96,4%

Note: * Value of commemorative coins is included in the value of the Slovak koruna in circulation

Jana Kováčová
Spokesperson of the NBS

National Bank of Slovakia
Communications Section
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2168,+421-2-5865 2168, +421-2-5787 2169, 421-2-5865 2169
Internet: http://www.nbs.sk

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