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The Slovak koruna
Slovak koruna
or Slovak crown (Slovak: slovenská koruna, literally meaning Slovak crown) was the currency of Slovakia
Slovakia
between 8 February 1993 and 31 December 2008, and could be used for cash payment until 16 January 2009. The ISO 4217
ISO 4217
code was SKK and the local abbreviation was Sk. The Slovak crown (koruna) was also the currency of the Nazi-era Slovak Republic between 1939 and 1945. Both korunas were subdivided into 100 haliers (abbreviated as "hal." or simply "h", singular: halier). The abbreviation is placed after the numeric value. Slovakia
Slovakia
switched its currency from the koruna to the euro on 1 January 2009, at a rate of 30.1260 korunas per euro. In the Slovak language, the nouns "koruna" and "halier" both assume two plural forms. "Koruny"[1] and "haliere" appears after the numbers 2, 3 and 4 and in generic (uncountable) context, with "korún" and "halierov" being used after other numbers. The latter forms also correspond to genitive use in plural.

Contents

1 Koruna of 1939–1945

1.1 Coins 1.2 Banknotes

2 Modern koruna

2.1 Coins 2.2 Banknotes 2.3 Historical exchange rates

3 See also 4 Notes 5 References 6 External links

Koruna of 1939–1945[edit] The koruna (Slovak: koruna slovenská, note the different word ordering from the modern koruna) was the currency of the Slovak Republic from 1939 to 1945. The Slovak koruna
Slovak koruna
replaced the Czechoslovak koruna
Czechoslovak koruna
at par and was replaced by the reconstituted Czechoslovak koruna, again at par. Its abbreviation was Kčs. Initially, the Slovak koruna
Slovak koruna
was at par with the Bohemian and Moravian koruna, with 10 korunas = 1 Reichsmark. It was devalued, on 1 October 1940, to a rate of 11.62 Slovak korunas to one Reichsmark, while the value of the Bohemian and Moravian currency remained unchanged against the Reichsmark. Coins[edit] Main article: Coins of the Slovak koruna
Slovak koruna
(1939–45) In 1939, coins were introduced in denominations of 10 halierov, 5 and 20 korunas, with 20 and 50 haliers and 1 koruna added in 1940. The 10 and 20 haliers were bronze, the 50 haliers and 1 koruna cupronickel, the 5 korunas nickel and the 20 korunas were silver. In 1942, zinc 5 haliers were introduced and aluminium replaced bronze in the 20 haliers. Aluminium 50 haliers followed in 1943. Silver 10 and 50 korunas were introduced in 1944. Compared to the pre-war Czechoslovak koruna, the Slovak koruna
Slovak koruna
coins had an additional 50 Ks, the silver content of the 10 and 20 Ks coins was reduced from 700 ‰ to 500 ‰ and all but 5 Ks shrank in physical sizes. The designers were Anton Hám, Andrej Peter, Gejza Angyal, Ladislav Majerský and František Štefunko. Coins were minted in the Kremnica mint. Banknotes[edit] Main article: Banknotes of the Slovak koruna
Slovak koruna
(1939-45) In 1939, Czechoslovak notes for 100, 500 and 1000 korún were issued with SLOVENSKÝ ŠTÁT overprinted on them for use in Slovakia. That year also saw the introduction of 10 and 20 koruna notes by the government. Modern koruna[edit] In 1993, the newly independent Slovakia
Slovakia
introduced its own koruna, replacing the Czechoslovak koruna
Czechoslovak koruna
at par. Coins[edit]

In 1993, coins were introduced in denominations of 10, 20 and 50 haliers, 1, 2, 5 and 10 korunas. The 10- and 20-halier coins were taken out of circulation on 31 December 2003.In 1996 the 50-halier coin was smaller and instead of aluminium it was made with copper plated steel. The obverse of the coins feature the coat of arms of Slovakia, with motifs from Slovak history on the reverses.

10 halierov (silver-coloured) – Octagonal wooden belfry from Zemplín (early 19th century) = €0.0033 20 halierov (silver-coloured) – the Kriváň peak in the High Tatras = €0.0066 50 halierov (copper-coloured) – Renaissance polygonal tower of Devín Castle
Devín Castle
= €0.0166 1 koruna (copper-coloured) – Gothic wooden sculpture of the Madonna with child (c. 1500) = €0.0332 2 koruny (silver-coloured) – Earthen sculpture of the sitting Venus of Hradok (4th millennium BC) = €0.0664 5 korún (silver-coloured) – Reverse of a Celtic coin of Biatec
Biatec
(1st century BC) = €0.166 10 korún (copper-coloured) – Bronze cross (11th century A.D.) = €0.332

Coins were exchangeable for euros at the National Bank of Slovakia until January 2, 2014. Banknotes[edit] At midnight on 31 December 1992, the Czechoslovak Republic bifurcated into the Czech Republic
Czech Republic
and the Slovak Republic. In 1993, the newly independent Slovakia
Slovakia
introduced its own koruna, replacing the Czechoslovak koruna
Czechoslovak koruna
at par. Provisional banknotes were issued in denominations of 20, 50, 100, 500, and 1,000 korún by affixing stamps bearing the coat of arms of Slovakia
Slovakia
and the denomination to Czechoslovak banknotes.[2] The main motifs on the obverses of the banknotes represent important people living in the territory of the present Slovakia
Slovakia
in various historical eras. On the reverses, these motifs are completed by depicting places where these people lived and were active.

Denomination Dimensions (millimetres) Value in euros (€) Image Main colour Obverse Reverse Remark

20 korún 128 x 65 €0.66

Green Prince Pribina Nitra/Neutra Castle

50 korún 134 x 68 €1.66

Blue Saints Cyril and Methodius Dražovce church
Dražovce church
and the first seven letters of the Glagolitic alphabet

100 korún 140 x 71 €3.32

Red Madonna at Levoča
Levoča
church St. Jacob's church in Levoča/Leutschau and city hall

200 korún 146 x 74 €6.64

Turquoise Anton Bernolák
Anton Bernolák
(1762 – 1813), linguist and Catholic priest Trnava
Trnava
in the 18th century Introduced in 1995

500 korún 152 x 77 €16.60

Brown Ľudovít Štúr
Ľudovít Štúr
(1815 – 1856), leader of the Slovak national revival Bratislava Castle
Bratislava Castle
and St. Michaels church

1000 korún 158 x 80 €33.19

Purple Andrej Hlinka
Andrej Hlinka
(1864 – 1938), politician and Catholic priest Madonna of Liptovké Sliace/Liptau church; St. Andrew's church in Ružomberok

5000 korún 164 x 82 €165.97

Orange Milan Rastislav Štefánik
Milan Rastislav Štefánik
(1880 – 1919), politician and diplomat Stefanik's grave on Bradlo Hill: Ursa Major
Ursa Major
constellation Introduced in 1994

These images are to scale at 0.7 pixels per millimetre. For table standards, see the banknote specification table.

Slovak banknotes denominated in koruny can be exchanged for euros indefinitely. Historical exchange rates[edit]

Historical exchange rates from 1999

The graph shows the value of the euro in korunas from 1999 to December 2008. As may be seen, the currency strengthened as Slovakia's economy did. The koruna joined the ERM II
ERM II
on 28 November 2005 at the rate of € = 38.4550 Sk with a 15% band.[3][4] On 17 March 2007, this rate was readjusted to 35.4424 Sk with the same band, an 8.5% increase in the value of the koruna.[5] On the same day, 1 euro traded at 33.959 Sk. The central rate of koruna was then adjusted once more on 28 May 2008 to 23.8545 with no change in the band.[6] See also[edit]

Czechoslovak koruna Czech koruna Economy of Slovakia Slovak euro coins

Notes[edit]

^ CIA - The World Factbook -- Slovakia. 15 May 2007; accessed 19 May 2007. ^ Linzmayer, Owen (2012). "Slovakia". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.  ^ "Slovak Koruna Included in the ERM II". National Bank of Slovakia. 2005-11-28. Archived from the original on 2006-10-02. Retrieved 2007-03-17.  ^ European Commission. "Exchange Rate Mechanism II (ERM II)". Retrieved 2007-03-17.  ^ Radoslav Tomek & Meera Louis (2007-03-17). "Slovakia, EU Raise Koruna's Central Rate After Appreciation". Bloomberg. Retrieved 2007-03-17.  ^ Radoslav Tomek & Meera Louis (2008-05-28). " Slovakia
Slovakia
Wins EU Approval to Let Koruna Strengthen". Bloomberg. Retrieved 2008-05-29. 

References[edit]

Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.  Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.  Biľak, M. - Jízdný, M. (1988). Zberatelský katalóg mincí Československa. Československá Numizmatická Spoločnosť, Pobočka Košice. CS1 maint: Multiple names: authors list (link)

External links[edit]

ECB: The euro cash changeover in Slovakia
Slovakia
(as of 1 January 2009) [1], [2], [3] (History of the Slovak koruna/crown and its predecessors at the website of the National Bank of Slovakia, parts 1, 2, 3)

Preceded by: Czechoslovak koruna Reason: independence Ratio: at par Currency
Currency
of Slovakia 1939 – 1945 Succeeded by: Czechoslovak koruna Reason: restoration of Czechoslovakia Ratio: ?

Preceded by: Czechoslovak koruna Reason: independence Ratio: at par Currency
Currency
of Slovakia 1993 – 2009 Succeeded by: Euro Reason: entry into Eurozone Ratio: 1 EUR = 30.1260 SKK

v t e

Historical currencies of the Czech Republic
Czech Republic
and Slovakia
Slovakia

1st Czechoslovak koruna 1919–1939 coins banknotes Protectorate koruna 1939–1945 coins banknotes

koruna slovenská 1939–1945 coins banknotes 2nd Czechoslovak koruna 1945–1953 coins banknotes 3rd Czechoslovak koruna 1953–1993 coins banknotes

Czech koruna 1993–present coins banknotes

Slovak koruna 1993–2008 coins banknotes Euro 2009–present coins banknotes

v t e

Currency
Currency
units named crown or similar

Circulating

Czech koruna Danish krone Faroese króna Icelandic króna Norwegian krone Swedish krona

Obsolete

Austrian krone Austrian Netherlands kronenthaler Austro-Hungarian krone Bohemian and Moravian koruna Czechoslovak koruna English crown Estonian kroon Fiume krone Hungarian korona Liechtenstein krone Slovak koruna Yugoslav krone

Proposed

Greenlandic krone

As a denomination

British crown Kronenthaler

v t e

Euro
Euro
topics

General

Economic and Monetary Union of the European Union Euro
Euro
sign Eurozone Linguistic issues

Administration

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Euro
summit

Fiscal provisions

Stability and Growth Pact European Financial Stability Facility European Financial Stabilisation Mechanism European Stability Mechanism Euro
Euro
Plus Pact Six pack European Fiscal Compact

History

"Snake in the tunnel" European Monetary System

I ECU II ERM III EMU

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Economy

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Euro
calculator Euro
Euro
Interbank Offered Rate (Euribor) Single Euro
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Payments Area (SEPA)

International status

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Denominations

coins

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Euro
mint

banknotes

€5 €10 €20 €50 €100 €200 €500

Coins by issuing country

EU

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Non-EU

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Potential adoption by other countries

EU

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Non-EU

Kosovo Montenegro

Currencies yielded

European Currency
Currency
Unit Austrian schilling Belgian franc Cypriot pound Dutch guilder Estonian kroon Finnish markka French franc German mark Greek drachma Irish pound Italian lira Latvian lats Lithuanian litas Luxembourgish franc Maltese lira Monégasque franc Portuguese escudo Sammarinese lira Slovak koruna Slovenian tolar Spanish peseta Vatican lira

Currencies remaining

ERM II

Danish krone

other (EU)

British pound sterling (incl. Gibraltar pound) Bulgarian lev Croatian kuna Czech koruna Hungarian forint Polish złoty Romanian leu Swedish krona

European Union portal Numismatics portal

v t e

Currency
Currency
symbols (¤)

Circulating

؋ ฿ ₵ ₡ ¢

$ ₫ ֏ € ƒ ₲ ₴ ₾ ₭ ₺ ₼ ₦ ₱ £ 元 圆 圓 ﷼ ៛ ₽ ₹ ૱ ௹ ꠸ ₨ ₪ ৳ ₸ ₮ ₩ ¥ 円

Historic

₳ ₢ ₰ ₯ ₠ ₣ ₤ ₶ ℛℳ ℳ ₧

𐆚 𐆖 𐆙 𐆗 𐆘

Uncirculated

.