Currency of Slovakia. State money in different historical periods

To date, the official currency of Slovakia is the euro. But back in 2009, Slovakian krona was used on the territory of the state. Slovakia became independent in 1993, and at that time a national currency was launched into circulation. It was used until the state moved to the European currency and joined the so-called eurozone.

History of monetary units of Slovakia

Since the XI century, the Slovak state was part of Hungary. Not surprisingly, the first monetary unit in this country was the Hungarian Forints. From 1867 to 1918, Slovakia was part of the Austro-Hungarian Empire and on its territory, Austrian guilders were used. This continued until 1892, when the Austro-Hungarian Crown was introduced into circulation.

After the termination of the existence of the Austro-Hungarian Empire in 1918, a united state - Czechoslovakia - was formed. A new currency was introduced into circulation, which was given the name Czechoslovak krone. Already in 1938, as a result of the Munich agreement, or, as it is also called, the "Munich collusion", Czechoslovakia was dismembered. Slovakia became a separate state under the control of Hitlerite Germany. In 1939 the Slovak national currency, the Slovak koruna, was launched into circulation.

Use your own currency

It should be noted by the way that at first the new currency was an old Czechoslovak crown with a printed inscription "Slovak State". Subsequently, the Slovak crown was known as the state tickets of the Slovak Republic. In the last period of its circulation, the monetary unit was called a banknote of the National Bank of Slovakia. At that time, the exchange of Czechoslovak money for new kroons was carried out in a ratio of one to one. The currency of Slovakia was tied to the German mark in accordance with the rate of ten to one. That is, for ten Slovak crowns one could get one Reichsmark.

Currency of Slovakia after the end of World War II

What was the currency of Slovakia after the end of World War II? The Czechoslovak state was restored, and the Slovak crowns were withdrawn from free circulation. In place of them, a common monetary unit was introduced-the Czechoslovak koruna. And only after Slovakia gained independence and sovereignty in 1993, the Slovak crown got a new life. As a monetary unit of the young state, it was used for 16 years. At that time, the exchange of the Slovak koruna to Czechoslovakia was carried out at a rate of one to one. The Slovak crown in the last period of its existence had an international designation Skk. One crown consisted of a hundred hellers. In circulation, coins of ten, twenty and fifty hellers were used, as well as one, two, five and ten crowns.

The National Bank of Slovakia issued several banknotes. Thus, the first issued banknote of the Slovak national currency was a denomination of 50 kroons. In circulation it was received on August 29, 1993. Subsequently, four more denominations were issued. The first emission was completed in 1995. Then the denominations received a denomination of two hundred and five hundred kronor. The currency of Slovakia before the euro has been modified several times. Thus, new banknotes were issued in 1996, 1999 and 2000.

Introduction of the euro

In 2004, Slovakia became part of the European Union. After that, the national government took a course on preparing the economy for entry into the eurozone. At the time of the transition to a common European currency, Slovak koruna banknotes of twenty, fifty, one hundred, two hundred, five hundred, one thousand and five thousand were used in circulation. In 2009, the Slovak state was completely transferred to the euro and Slovak korunas were withdrawn from circulation. The ratio at the exchange was 1 to 30.13. That is, for 1 euro it was necessary to give 30 crowns and 13 hellers. Since 2009, the currency of Slovakia is the euro.