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The history of the currency of Slovenia

Slovenia gained its independence on 25 June 1991 from Yugoslavia, In October of that year the new government introduced the tolar. The tolar was introduced at par to the 1990 version of the Yugoslav Dinar. The government produced notes called Tolar Bons in denominations from 1 – 5000 Tolarjev. In 1992, Banka Slovenije was formed and assumed the coin and note issuing responsibilities from the government. The new Tolar introduced by the Bank replaced the old Tolar Bons at par. In 2004 the value of the Tolar was pegged to the euro on the EMU’s exchange rate mechanism. The Slovenian tolar is slated to be replaced by the euro in January 2007.

The Slovenian Tolar’s ISO 4217 code is SIT. The plural of tolar is tolarjev and 1 tolar is pisible into 100 stotins. Currently coins are issued in denominations of 10, 20 and 50 stotins and 1, 2, 5, 10, 20 and 50 Tolarjev. Although stotins are rarely used anymore due to their low value. Banknotes come in denominations of 10, 20, 50, 100, 500, 1000, 5000 and 10,000 tolarjev, the 10, 20 and 50’s have largely been replaced by coins.

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