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Slovakia and the euro

Slovakia joined the European Union in 2004 and adopted the euro on 1 January 2009.

Slovakia at a glance

Surface area: 49 030 km2
Population: 5 411 062 (Eurostat 2009)
Joined the European Union: 1 May 2004
Currency: Euro since 1 January 2009 (formerly Slovak koruna SKK) .

Euro information

Status: Euro-area member since 1 January 2009. 
The Slovak koruna joined the Exchange Rate Mechanism (ERM II) on 28 November 2005. On 8 July 2008 the Council gave its green light to the adoption of the euro by Slovakia on 1 January 2009.

Fixed conversion rate: €1 = 30.1260 SKK

Adoption of the euro: Slovakia adopted a "big-bang" scenario , with euro cash introduced on the same day that  the euro beame the country's new currency (1 January 2009), and a short dual circulation period running until 16 January 2009 where cash payments will be possible in both euro and Slovak korunas.

Exchange of former national currency:

  • At commercial banks until 30 June 2009 for Slovak koruna coins and until 31 December 2009 for Slovak koruna notes. The exchange will be free of charge until 19 January 2009. After 19 January 2009 amounts exceeding 100 notes or coins could be subject to charges.
  • At the National Bank of Slovakia, free of charge, until 31 December 2013 for Slovak koruna coins and without time limit for Slovak koruna notes.

Dual display of prices: Display of prices in both euro and Slovak koruna is mandatory from 8 August 2008 to 31 December 2009, but can be continued, on a voluntary basis, until 30 June 2010.

Euro hotline: 0800 103104

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