Slovenia adopts euro

From Wikinews, the free news source you can write!
Jump to: navigation, search

Monday, January 1, 2007

File:Bruselj euro slovenia.jpg
A sign in Brussels welcoming Slovenia into the Eurozone.
Location of Slovenia in Europe.

On January 1 2007, Slovenia officially joined the Eurozone and adopted the euro as its new official currency. At the same time, Slovenian euro coins, which were available as a "starter kit" from December 15, became legal tender everywhere in the Eurozone.

A period of dual circulation, when both the former currency, the tolar and the euro will be accepted, will only last until January 14. All banks are going to exchange tolars into euros at the official rate of 239.64 SIT per 1 EUR at no commission until March 1, 2007. After that date it will be possible to exchange tolar banknotes (unlimited) and coins (until 2016) only at the Bank of Slovenia.

Most ATMs already dispense euro banknotes with the rest to follow in the following days. Commercial banks automatically converted all tolar accounts into euros and online banking systems will be accessible to their users again on January 3. Even though January 1 and 2 are non-working days in Slovenia, many banks will be opened from 10:00 to 14:00 on both days, available only for one service: exchanging tolars to euros and larger euro banknotes into smaller units.

External links

Sources

Bookmark-new.svg