Slovenia is a country located in Central Europe. It borders the Adriatic ocean in the West. Its area is 7, 827 square miles with Ljubljana as the capital also the largest city. Slovene is the official language of Slovenia. Slovenia territory was mostly covered with mountains and forests. Slovenia has a very high ranking in the Human Development Index. It belongs to various international organizations, European Union for example.
The history of Slovenia's banknotes.
Since independence on June 26, 1991, the currency of Slovenia had resisted three different types.
The first currency was the Yugoslavian dinar and was issued in 1920. Due to the slowed management, a large amount of money was printed which led to serious and prolonged hyperinflation. And since the 1980s, the devaluation of the dinar had affected badly the value itself. However, the banknote had been in circulation for about 20 years in Slovenia. The banknotes were designed with workers or statues. In 1970, the 500 banknote dinars were issued with an image of Nikola Tesla. And in 1974, the 1 000 dinar banknote was introduced. And these were the last banknotes of the dinar.
The tolarjev (SIT) is the next currency of Slovenia. It was introduced on 8 October 1991. The term was totally deprived of Thaler. The denomination of tolar was available from 1, 2, 5 up to 5 000 tolarjev. All these notes were depicted with notable Slovenes.
On 1 May 2005, Slovenia was introduced as the 13th member of the European Union and changed its currency to Euro. The Euro currency became legal tender on 1 January 2007. The denomination of banknotes is 5, 10, 20, 50, 100, 200, and 500 euros.