“Ahoj” – Slovakia says “yes” to the euro

Published: 1 January 2009 y., Thursday

Penki eurai
The euro is set to become legal tender in Slovakia on 1 January 2009. After a 16-day transition period during which both currencies will be in use, the Slovak koruna will disappear from wallets and tills.

The date marks 10 years since the launch of the euro in 11 EU countries, although they kept their national notes and coins until early 2002. In 2001 Greece adopted the euro. Slovenia followed in 2007, and Malta and Cyprus in 2008. Entering the eurozone required reform of economic and fiscal policies over many years.

Changing currency involves more than simply replacing the coins and notes in daily use. Authorities and businesses in Slovakia have had to make meticulous technical preparations for the switchover, and arrangements for distributing the new currency and withdrawing the koruna have needed major logistical planning.

Slovak consumers and traders have received information about the switch through a campaign run by the Slovak authorities over the past 10 months. The campaign has also addressed concerns about price increases during the changeover. A recent survey confirmed that the public now feel prepared and are less worried about price rises.

Coin enthusiasts will have three new designs for their collections: a double cross on the back of the 2 and 1 euro coins, Bratislava castle and one of Slovakia’s mountain peaks – Krivan – on the back of the euro cent coins.

The move to the euro will be closely monitored – by the Slovak government and the EU. Daily surveys will assess how the changeover is going, and the commission will present its assessment in spring 2009.

 

Šaltinis: ec.europa.eu
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

New blast wrecks NZ rescue hopes

A second explosion at the Pike River coal mine ends hopes that 29 workers missing since Friday can be rescued. more »

Buildings hit in S Korea shelling

South Korea says dozens of artillery shells from the North have hit buildings and prompted an exchange of fire. more »

Leaders meet to save wild tigers

Forum begins in Russia to find ways of saving the world's threatened tiger population. more »

Travelling without borders: Commission proposes stronger monitoring of respect of Schengen rules

In the EU, citizens can travel without border controls within the Schengen area. more »

Qantas plane turns back due to smoke

A Buenos Aires-bound Qantas Boeing 747 forced to turn back to Sydney one hour into the flight, due to an electrical fault. more »

Commissioner Piebalgs first visit to Central Asia to ensure EU's support to development in Uzbekistan and Kyrgyzstan

From 15 to 17 November, the European Commissioner for Development, Andris Piebalgs, will travel to Uzbekistan and Kyrgyzstan to discuss the cooperation and assistance that the European Union provides for the two countries. more »

Suu Kyi addresses thousands

Freed Myanmar pro-democracy campaigner Aung San Suu Kyi tells supporters in Yangon she is encouraged to see them. more »

India arms girls to fight militants

Paramilitary troops train young girls in weaponry in India's northern Jammu and Kashmir state. more »

Enlargement - state of play

Enlargement strategy 2010 and assessments of the progress toward EU membership by Croatia, Iceland, Turkey, the former Yugoslav Republic of Macedonia, Albania, Bosnia and Herzegovina, Montenegro, Serbia and Kosovo. more »

EU and Mediterranean countries reinforce trade partnership

The Euro–Mediterranean Free Trade Area was on the agenda of a meeting between EU Trade Commissioner Karel De Gucht and Trade Ministers of the Union for the Mediterranean (UfM) in Brussels. more »