Slovenian tolar Totally Explained

The tolar was the currency of Slovenia from 1991 until December 31, 2006. It was subdivided into 100 stotinov. The ISO 4217 currency code for the Slovenian tolar was SIT. The name tolar comes from Thaler, and is cognate with dollar.
As Slovenian is one of the few languages with a grammatical dual, the correct inflections of the word "tolar" are 2 tolarja for 2 SIT, but tolarji for 3 or 4 SIT. For 5 SIT or more, the word tolarjev, genitive plural of tolar, is used.

History

The tolar was introduced on October 8 1991. It replaced the 1990 (Convertible) version of Yugoslav dinar at parity. On June 28 2004 the tolar was pegged against the euro in the ERM II (External Link

), the EU's exchange rate mechanism. All recalled banknotes can be exchanged at the central bank for current issue.

Phase-out

On January 1, 2007, the tolar was supplanted by the euro; Slovenia issues its own euro coins, like most other nations in the Eurozone.
The timescale for conversion from the tolar to the euro operated differently from the first wave of EMU. The permanent euro/tolar conversion rate was finalised on July 11, 2006 at 239.640 tolar per euro. During the first wave of EMU, this period was only a day (the conversion rates were fixed on 31 December 1998 and euro non-cash payments were possible from 1 January 1999). Also unlike the first wave of EMU which had a three year transition period (1999-2001), there was no transition period when non-cash payments could be made in both tolar and euro. The tolar was used for all transactions (cash and non-cash) until 31 December 2006 and the euro must be used for all payments (cash and non-cash) from 1 January 2007. However, as with the first wave of EMU, cash payments with the tolar could continue until 14 January 2007, but change must have been given in euro.

Coins

In 1992, coins were introduced in denominations of 10, 20 and 50 stotinov, 1, 2 and 5 tolarjev. 10 tolarjev coins were added in 2000, followed by 20 and 50 tolarjev in 2003. The obverse designs all show the denomination, with animals native to Slovenia on the reverses.

The Only Series (External Link)
Image	Value	€ equiv.	Technical parameters	Description	Date of
Image	Diameter	Thickness	Mass	Composition	Edge	Obverse	Reverse	first minting	issue
	10 stotinov	0.04 cent	16 mm	1.3 mm	0.55 g	98% aluminium 2% magnesium	Plain	Value, state title, year of minting	Olm, "PROTEUS ANGUINUS"	29 April 1993
	20 stotinov	0.08 cent	18 mm	1.3 mm	0.7 g				Long-eared owl, "ASIO OTUS"	29 April 1993
	50 stotinov	0.21 cent	20 mm	1.3 mm	0.85 g				Western honey bee, "APIS MELLIFERA"	4 January 1993
	1 tolar	0.42 cent	22 mm	1.7 mm	4.5 g	78% copper 20% zinc 2% nickel	Milled	Value, state title, year of minting	Brown trout, "SALMO TRUTTA FARIO"	4 January 1993
	2 tolarja	0.83 cent	24 mm	1.7 mm	5.4 g				Barn Swallow, "HIRUNDO RUSTICA"
	5 tolarjev	2.09 cent	26 mm	1.7 mm	6.4 g				Alpine Ibex, "CAPRA IBEX"
(External Link)	10 tolarjev	4.17 cent	22 mm	2 mm	5.75 g	Cupronickel 75% copper 25% nickel	Milled	Value, state title, year of minting	Horse, "EQUUS"	19 April 2000
(External Link)	20 tolarjev	8.35 cent	24 mm	2 mm	6.85 g		Waved-edge milled		White Stork, "CICONIA CICONIA"	7 July 2003
(External Link)	50 tolarjev	20.86 cent	26 mm	2 mm	8 g		Alternating plain/ milled		Bull, "TAURUS TAURUS"	7 July 2003

Banknotes

The first banknotes were provisional payment notes issued on October 8, 1991, in denominations of 1, 2, 5, 10, 50, 100, 200, 500, 1000 and 5000 tolarjev. These notes all feature a bee on the obverse and Triglav, the tallest mountain in Slovenia, on the reverse. In 1992, the Bank Slovenije introduced the following banknotes, all of which feature important Slovenians.

1992 Series (External Link)
Image	Value	€ equiv.	Dimensions	Main Colour	Description	Date of
Image	Obverse	Reverse	first printing	issue
(External Link)	10 tolarjev	0.04	120 × 60 mm	Multicolour	Primož Trubar, the first page of Trubar's Abecedarium	The Ursuline Church in Ljubljana, motif from the New Testament	15 January 1992	27 November 1992
(External Link)	20 tolarjev	0.08	126 × 63 mm		Janez Vajkard Valvasor	Two angels from Valvasor's book The Glory of the Duchy of Carniola, segments of the map of Slovenia		28 December 1992
(External Link)	50 tolarjev	0.21	132 × 66 mm		Jurij Vega, drawing from Vega's "Treatise on the Sphere"	The Solar System, Slovenian Academy of Sciences and Arts		19 March 1993
(External Link)	100 tolarjev	0.42	138 × 69 mm		Rihard Jakopič	Detail from Jakopic's painting "The Sun", plan of the former Jakopic Pavilion		30 September 1992
(External Link)	200 tolarjev	0.83	144 × 72 mm		Jacobus Gallus, motif of an organ from the 17th century	Slovene Philharmonic Hall		22 February 1993
(External Link)	500 tolarjev	2.09	150 × 75 mm		Jože Plečnik	National and University Library of Slovenia		30 September 1992
(External Link)	1000 tolarjev	4.17	156 × 78 mm		France Prešeren, Preseren's signature	Text from the Zdravljica		30 September 1992
(External Link)	5000 tolarjev	20.86			Ivana Kobilca	National Gallery in Ljubljana, Robba Fountain	1 June 1993	13 December 1993
(External Link)	10 000 tolarjev	41.73			Ivan Cankar, stage plan of the former Theatre of Ljubljana	Chrysanthemum (Chrysanthemum), Cankar's handwriting	28 June 1994	15 March 1995

Historical exchange rates

Lower number indicates the tolar has a higher value.

SIT per EUR – 233.0 (April 2006); 239.5 (June 2005); 235.7 (November 2003); 227.3 (June 2002). From 1 January 2007 the rate was irrevocably set at 239.640 and has been finalised by the EC.
SIT per USD – 193.0 (April 2006); 198.0 (June 2005); 201.3 (November 2003); 195.06 (January 2000); 181.77 (1999); 166.13 (1998); 159.69 (1997); 135.36 (1996); 118.52 (1995).

External results

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