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The Chip Board Archive 19

Around The World - Slovakia

Slovak Koruna (Slovak Crown)

The official currency in Slovakia is the Slovak Koruna. Currently, Slovakia is adopting the common European currency, the Euro.

In the Czechoslovak federation (prior to 1993) the Czechoslovak Koruna (= 100 halierov / hellers) was used. As the country split in 1993, two new currencies were introduced: Czech Koruna and Slovak Koruna. Both Korunas had initially the same value as the old Czechoslovak Koruna. Due to different economic performances of the two heirs of the federation, the Czech Koruna became about 20-30% more valuable the the Slovak one.

As both countries joined the European Union on 1 May 2004, the march on the road to the common European currency has started. The Euro should replace national currencies at some time in the years 2008-2010.

Nowadays it is already possible to pay with Euro in some shops in Slovak localities near the Austrian border. The exchange rate is usually less favorable than in a bank and you will always get your change in Slovak Korunas.

I'm assuming chips will soon, if not already, reflect the Euro currency notations. If anyone has another chip from this casino which does, please post it or if you have an extra, contact me.



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