Slovak koruna: Wikis

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Slovak koruna
slovenská koruna (Slovak)
10 Sk 500 Sk
10 Sk 500 Sk
ISO 4217 Code SKK
User(s)  Slovakia
Inflation 3.5%, December 2008
ERM
Since 28 November 2005
Replaced by €, cash 1 January 2009
= 30.1260 Sk1
Band 15%
Subunit
1/100 halier
Symbol Sk
halier h
Plural The language(s) of this currency belong(s) to the Slavic languages. There is more than one way to construct plural forms. See article.
Coins 50 h, 1 Sk, 2 Sk, 5 Sk, 10 Sk
Banknotes 20 Sk, 50 Sk, 100 Sk, 200 Sk, 500 Sk, 1000 Sk, 5000 Sk
Central bank National Bank of Slovakia
Website www.nbs.sk
This infobox shows the latest status before this currency was rendered obsolete.
  1. The rate has changed twice. See article for details.
An example of dual pricing in Slovakia since August 2008

The Slovak koruna or Slovak crown (Slovak: slovenská koruna, literally meaning Slovak crown) was the currency of Slovakia between 8 February 1993 and 31 December 2008. The ISO 4217 code was SKK and the local abbreviation was Sk. The Slovak crown (koruna) was also the currency of the WWII 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 switched its currency from the koruna to the euro on 1 January 2009, at a rate of 30.1260 korunas to the 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

WWII koruna

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 replaced the Czechoslovak koruna at par and was replaced by the reconstituted Czechoslovak koruna, again at par. Its abbreviation was Kčs.

Initially, the Slovak koruna was at par with the Bohemian and Moravian koruna, with 10 korunas = 1 Reichsmark. This was changed, on 1 October 1940, to a rate of 11.62 Slovak korunas = 1 Reichsmark, with the value of the Bohemian and Moravian currency unchanged against the Reichsmark.

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Coins

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 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

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

In 1993, the newly independent Slovakia introduced its own koruna, replacing the Czechoslovak koruna at par.

Coins

1 Slovak koruna
1 sk (2).JPG1 sk.JPG
Coat of arms Madonna with child

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.

The obverse of the coins feature the Coat of Arms of Slovakia, with motifs from Slovak history on the reverses.

  • 10 h - Octagonal wooden belfry from Zemplín (early 19th century A.D.) = 0.0033 €
  • 20 h - the Kriváň peak in the High Tatras = 0.0066 €
  • 50 h - Renaissance polygonal tower of Devín Castle = 0.0166 €
  • 1 Sk - Gothic wooden sculpture of the Madonna with child (A.D. 1500) = 0.0332 €
  • 2 Sk - Earthen sculpture of the sitting Venus (4th millennium B.C.) = 0.0664 €
  • 5 Sk - Reverse of a Celtic coin of Biatec (1st century B.C.)-0,17 Euro = 0.166 €
  • 10 Sk - Bronze cross (11th century A.D.) = 0.332 €

Coins can be exchanged at the National Bank of Slovakia for euros until December 31, 2013.

Banknotes

In 1993, banknotes were issued in denominations of 20, 50, 100, 500 and 1000 korún. These were produced by affixing stamps bearing the arms of Slovakia and the denomination to Czechoslovak banknotes.

Later in 1993, regular type banknotes were introduced in the same denominations, with 5000 korún notes added in 1994 and 200 korún added in 1995. The main motifs on the obverses of the banknotes represent important people living in the territory of the present Slovakia in various historical eras. On the reverses, these motifs are completed by depicting places where these people lived and were active.

Denomination Obverse Reverse Value
SKK 20 Prince Pribina Nitra Castle 0.66 €
SKK 50 Saint Cyril and Saint Methodius Dražovce church and Glagolitic alphabet 1.66 €
SKK 100 Madonna at Levoča church Levoča church and city hall 3.32 €
SKK 200 Anton Bernolák Trnava in the 18th century 6.64 €
SKK 500 Ľudovít Štúr Bratislava Castle 16.60 €
SKK 1000 Andrej Hlinka Ružomberok church 33.19 €
SKK 5000 Milan Rastislav Štefánik Stefanik's grave 165.97 €

Banknotes can be exchanged for euros indefinitely.

Historical exchange rates

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 on 28 November 2005 at the rate of € = 38.4550 Sk with a 15% band.[2] [3] 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.[4] 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 30.1260 with no change in the band.[5]

See also

References

  • Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed. 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. 
Preceded by:
Czechoslovak koruna
Reason: indepedence
Ratio: at par
Currency of Slovakia
1939 – 1945
Succeeded by:
Czechoslovak koruna
Reason: restoration of Czechoslovakia
Ratio: ?
Preceded by:
Czechoslovak koruna
Reason: indepedence
Ratio: at par
Currency of Slovakia
1993 – 2009
Succeeded by:
Euro
Reason: entry into Eurozone
Ratio: 1 EUR = 30.1260 SKK

External links


Simple English

The Slovak Crown or Slovak Koruna (in Slovak, Slovenská koruna, "koruna" means crown) has been the currency used in Slovakia since February 8, 1993. It replaced the Czechoslovak Crown. Slovak koruna should not be mistaken with the Slovak koruna during the World War II (Slovak: Koruna slovenská, short Ks, notice word order)

The ISO 4217 code for the Slovak Koruna is SKK. The symbol is Sk. One Koruna is equal to 100 hellers (written shortly as "hal.", in Slovak singular: halier). The symbol is put after the amount.

Slovak koruna exists in these values: 50 h, 1 Sk, 2 Sk, 5 Sk, 10 Sk, 20 Sk, 50 Sk, 100 Sk, 200 Sk, 500 Sk, 1000 Sk and 5000 Sk. 10 h and 20 h are not used since 31 December 2003.

The central rate of Slovak koruna against Euro was 35.4424 SKK as of 19 March 2007. Slovakia will use Euro instead of koruna from 1 January 2009.

Slovakia is using Euro now, so the Slovak koruna is not the valid currency any more.

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