Slovak euro coins 1046880 225915756 2008-07-16T00:17:50Z Miguel.mateo 4503907 /* Adopting the euro */ Oppssss '''Slovak euro coins''' feature three separate designs for the three series of coins. Slovakia has been a member of the [[European Union]] since [[May 2004]], and is a member of the [[Economic and Monetary Union of the European Union|European Economic and Monetary Union]]. Slovakia has recently completed the third stage of the EMU and is currently scheduled to adopt the euro in [[January 1]] [[2009]], until then uses its own [[currency]], the [[Slovak koruna]]. ==Adopting the euro== In 2005, an official public contest for Slovak euro coin designs was held, which took place over two rounds. The deadline for the first round was [[January 31]] [[2005]], after which the ten top designers chosen by the [[National Bank of Slovakia]] (NBS) were invited to make [[plaster]] reliefs of their designs. In the second round, the NBS called a public vote conducted from [[November 12]] until [[November 20]] [[2005]] on the ten designs that were picked from the over 200 submissions.<ref>[http://www.nbs.sk/EURINT/EURO/ANKETA/index.html The top ten designs, ''National Bank of Slovakia.'']</ref> On [[November 21]] [[2005]], the results were made public; the most popular design was the [[Coat of arms of Slovakia]].<ref>[http://www.nbs.sk/PRESS/BB201205.HTM "Statement from the 57th Meeting of the Bank Board of the NBS." ''National Bank of Slovakia'', 20 Dec. 2005.]</ref><ref>{{cite news|url=http://www.slovakspectator.sk/clanok.asp?cl=21672|date=2005-11-22|author= Martina Jurinová|title=Public decide on motif for euro coins|work=[[The Slovak Spectator]]}}</ref> On [[December 20]] [[2005]], the design for the Slovak euro coins was officially made public on the NBS website.<ref>[http://www.nbs.sk/PRESS/PLAGAT_A_3.PDF "Slovenské strany eurových mincí." ''National Bank of Slovakia''.]</ref> Since then Slovakia has been doing economic reforms to be able to adopt the euro. After three years of reforms, on [[April 1]] [[2008]], the NBS has announced their plan for withdrawal, disposal and destruction of the [[Slovak koruna]] notes and coins.<ref>{{cite web | url=http://www.tasr.sk/30.axd?k=20080401TBB00434 | title=NBS Preparing to Withdraw and Destroy Koruna Notes and Coins}}</ref> On [[May 7]] [[2008]], [[European Commission|the European Commission]] approved the application and asked member states to endorse the bid during the EU finance minister's meeting in July 2008.<ref>{{cite web | url=http://www.bloomberg.com/apps/news?pid=20601095&sid=aG0A3s0J7qYE&refer=east_europe | title=Slovakia Secures Commission Approval for Euro Entry}}</ref><ref>{{cite web | url=http://www.business24-7.ae/Articles/2008/5/Pages/SlovakiawonEUandECBbackingtoadopteuro.aspx | title = Slovakia won EU and ECB backing to adopt euro}}</ref> Slovakia's 12 month inflation was 2.2% compared with 3.2% that is required. Annual inflation however was 3.6% for March 2008. [[Deficit|Fiscal deficit]] was 2.2% versus the reference value of 3.0%. And finally the government debt ratio was 29.4% of GDP in 2007, well below the maximum ratio of 60.0%.<ref>{{cite web | url=http://www.ecb.int/press/pr/date/2008/html/pr080507.en.html | title=ECB Press Release of May 7, 2008}}</ref> On [[June 3]] [[2008]] European Union finance ministers gave Slovakia the green light to join the euro zone in [[2009]] while urging the country to be ready to fight inflation with tight fiscal policies. "We are happy to see Slovakia join the euro zone on January 1, 2009," [[Jean-Claude Juncker]], who chairs the Eurogroup of [[Eurozone|euro zone]] finance ministers, told reporters.<ref name=FINANCE_MINISTERS>{{cite web | url=http://www.finance.cz/zpravy/finance/171202-update-3-eu-ministers-agree-to-let-slovakia-into-euro-zone/ | title=EU ministers agree to let Slovakia into euro zone}}</ref> Slovakia's mint has been tasked to produce some 500 million euro and cent coins.<ref name=FINANCE_MINISTERS/> As a preparation for the change in January 1, starting from November 2008, these coins will be distributed to businesses all over Slovakia.<ref>{{cite web | url=http://english.etrend.sk/news-summaries/how-to-get-euros/136240.html | title=Banks will start delivering euro cash to their clients in November }}</ref> On [[June 17]] [[2008]], the European Parliament backed on Slovakia's bid to join the euro zone from the start of next year, urging the country to tighten fiscal policies to avoid inflationary risks. The assembly voted 589 to 17 with 86 abstentions to approve a report that said the European Union newcomer met all euro entry criteria. However, the parliament's role is consultative only. Slovakia's bid to become the euro zone's 16th member is now certain to be approved by EU leaders. EU finance ministers will then set the final [[conversion rate]] of the Slovak crown into the euro on [[July 8]].<ref>{{cite web | url=http://www.guardian.co.uk/business/feedarticle/7591098 | title=The Guardian UK - EU Parliament backs Slovakia's euro entry from 2009}}</ref><ref>{{cite web | url=http://www.europarl.europa.eu/news/expert/infopress_page/043-31744-168-06-25-907-20080616IPR31743-16-06-2008-2008-false/default_en.htm | title=European Parliament - Parliament backs Slovakia’s euro area membership}}</ref> On [[June 19]] [[2008]], the leaders of the EU Member States confirmed Slovakia's readiness to join the eurozone on [[January 1]] [[2009]]. “I congratulate Slovakia for meeting all the relevant criteria,” said the current [[Presidency of the Council of the European Union|President of the European Council]] and Slovenian Prime Minister [[Janez Janša]]. <ref>{{cite web | url=http://www.eu2008.si/en/News_and_Documents/Press_Releases/June/0619EC_slovakia_euro.html | title=Slovenian Presidency web site - EU leaders approve Slovakia’s bid to join the eurozone}}</ref> On [[July 8]] [[2008]], The European Union has formally invited Slovakia to join the European single currency and has set the rate at which korunas will be exchanged for euros. The official rate has been set at 30.1260 korunas to the euro.<ref>{{cite web | url=http://news.bbc.co.uk/2/hi/business/7495169.stm | publisher=[[BBC]] | title=Slovak euro exchange rate is set | accessdate=2008-07-09}}</ref><ref>{{cite web | url=http://www.portfolio.hu/en/cikkek.tdp?cCheck=1&k=2&i=15231 | title=EU grants final approval for Slovakia to adopt the euro, conversion rate set at central parity | publisher=Hungary Online Financial Journal | accessdate=2008-07-09}}</ref><ref>{{cite web | url=http://www.welcomeurope.com/default.asp?id=1300&idnews=4801 | title=Commission welcomes Council approval of Slovakia's euro adoption | publisher=welcomeeurope.com | accessdate=2008-07-09}}</ref><ref>{{cite web | url=http://online.wsj.com/article/SB121551182865435443.html?mod=googlenews_wsj | title=Slovakia to Adopt Euro Next Year | publisher=[[WSJ]] | accessdate=2008-07-09}}</ref><ref>{{cite web | url=http://www.sktoday.com/content/1531_final-koruna-euro-conversion-rate-30-126-skk-eur | title=Slovakia to Adopt Euro with Conversion Rate 30.126 SKK/EUR | publisher=Slovakia Today | accessdate=2008-07-15}}</ref><ref>{{cite web | url=http://www.macaudailytimesnews.com/index.php?option=com_content&task=view&id=12901&Itemid=33 | title=Slovakia gets final EU greenlight to adopt euro | publisher=Macau Daily Times | accessdate=2007-07-15}}</ref><ref>{{cite web | url=http://www.forbes.com/feeds/ap/2008/07/08/ap5192791.html | title=EU admits Slovakia to euro zone | publisher=[[Forbes]] | accessdate=2008-07-16}}</ref> ==Slovak euro design== For images of the common side and a detailed description of the coins, see [[euro coins]]. {{Coin image box 8 singles | header = Depiction of Slovak euro coinage <nowiki>|</nowiki> Obverse side | column_1_width = 150 | column_2_width = 166 | column_3_width = 157 | denom_1 = € 0.01 | denom_2 = € 0.02 | denom_3 = € 0.05 | image_1 = [[Image:1 cent SK 2009.jpg|106px]] | image_2 = [[Image:2 cent SK 2009.jpg|121px]] | image_3 = [[Image:5 cent SK 2009.jpg|137px]] | row_1_caption = [[Kriváň (peak)|Kriváň]], a symbolic mountain in the [[High Tatras]] as designed by Drahomír Zobek. | denom_4 = € 0.10 | denom_5 = € 0.20 | denom_6 = € 0.50 | image_4 = [[Image:10 cent SK 2009.jpg|128px]] | image_5 = [[Image:20 cent SK 2009.jpg|144px]] | image_6 = [[Image:50 cent SK 2009.jpg|157px]] | row_2_caption = [[Bratislava Castle]] as designed by Ján Černaj and Pavol Károly. | denom_7 = € 1.00 | denom_8 = € 2.00 | header_9 = € 2 Coin Edge | box_9 = "SLOVENSKÁ REPUBLIKA" with two stars with a linden leaf in the middle of them. | image_7 = [[Image:1 euro SK 2009.jpg|150px]] | image_8 = [[Image:2 euro SK 2009.jpg|167px]] | row_3_caption = The [[Coat of arms of Slovakia]], the ''Double Cross on Three Hills'', as designed by Ivan Řehák. }} ==References== {{reflist}} ==External links== *[http://www.euromena.sk/vzory-minci/1546s Slovak euro coin details, ''euromena.sk''] *[http://www.ibiblio.org/theeuro/files/files.nat/slovakia.s01.htm The Euro Information Website – Slovakia] *The mint commissioned to make the Slovak euro coins [http://www.mint.sk/onas_historia.php Kremnica Mint] {{Euro topics}} [[Category:Coins of the Eurozone]] [[Category:Coins of Slovakia|Euro coins]] [[frp:Piéces en erô de la Slovaquie]] [[cs:Slovenské euromince]] [[da:Slovakiske euromønter]] [[de:Slowakische Euromünzen]] [[el:Σλοβακικά κέρματα ευρώ]] [[es:Monedas de euro de Eslovaquia]] [[eo:Slovakaj eŭro-moneroj]] [[fr:Pièces en euro de la Slovaquie]] [[it:Monete euro slovacche]] [[lb:Slowakesch Euromënzen]] [[hu:Szlovák euróérmék]] [[nl:Slowaakse euromunten]] [[ja:スロバキアのユーロ硬貨]] [[pl:Słowackie monety euro]] [[sl:Slovaški evrokovanci]] [[fi:Slovakialaiset eurokolikot]] [[sv:Slovakiska euromynt]] [[sk:Slovenské euromince]]