Press release - 25 years since the introduction of the Slovenian tolar

The eighth of October 2016 marked 25 years since the introduction of the Slovenian tolar, the first legal tender of an independent Republic of Slovenia, which the Bank of Slovenia released into circulation in the form of payment notes with a nominal value ranging from 1 tolar to 5,000 tolars.The aforementioned payment notes were only temporary, as the Bank of Slovenia made preparations for the issue of real legal tender in the form of banknotes and coins. The first tolar banknotes were released into circulation in September 1992 and gradually replaced the payment notes.

Slovenia became a member of the European Union in 2004, meaning that it would adopt the euro as legal tender following the fulfilment of all conditions set out in the Treaty establishing the European Union. The euro has been Slovenia’s legal tender since 1 January 2007 when the Act Governing the Adoption of the Euro entered into force.

To mark the anniversary of the introduction of the tolar, the Bank of Slovenia is reminding people that payment notes and tolar banknotes may be exchanged for euros, with no time limit, at Bank of Slovenia counters (Monday to Friday, from 9.00 am to 1.00 pm, and Wednesday from 2.00 pm to 3.30 pm). Tolar coins may only be exchanged until the end of 2016.