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Fifth Anniversary of Slovenia's Monetary Independence

Five years ago, on 8 October 1991, Slovenia declared its monetary independence. The first important task of Slovenia's central bank in monetary field was the introduction of tolar as the national currency. A whole series of coins and bank notes (at SIT 10, 20, 50, 100, 1000 and 5000) had been issued by March 1995 when the last missing bank note for SIT 10,000 was put into circulation. On 1 September 1995, Slovenia declared the external convertibility of its currency in accordance with article eight of the International Monetary Fund Statutes.

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