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Slovak Koruna

Slovak koruna
slovenská koruna (Slovak)
Slovakcoinssecondrepublic.jpg 500sk hlava.jpg
Coins 500 Sk
ISO 4217
Code SKK
Denominations
Subunit
 1/100 halier
Plural The language(s) of this currency belong(s) to the Slavic languages. There is more than one way to construct plural forms.
Symbol Sk
 halier h
Banknotes 20 Sk, 50 Sk, 100 Sk, 200 Sk, 500 Sk, 1000 Sk, 5000 Sk
Coins 50 h, 1 Sk, 2 Sk, 5 Sk, 10 Sk
Demographics
User(s) None, previously:
 Slovakia
Issuance
Central bank National Bank of Slovakia
 Website www.nbs.sk
Valuation
Inflation 3.5%, December 2008
ERM
 Since 28 November 2005
 Replaced by €, cash 1 January 2009 (cash payments possible until 16 January 2009)
= 30.1260 Sk1
 Band 15%
This infobox shows the latest status before this currency was rendered obsolete.
1 The rate has changed twice. See article for details.

The Slovak koruna or Slovak crown (Slovak: slovenská koruna, literally meaning Slovak crown) was the currency of Slovakia between 8 February 1993 and 31 December 2008, and could be used for cash payment until 16 January 2009. The ISO 4217 code was SKK and the local abbreviation was Sk. The Slovak crown (koruna) was also the currency of the Nazi-era Slovak Republic between 1939 and 1945. Both korunas were subdivided into 100 haliers (abbreviated as "hal." or simply "h", : halier). The abbreviation is placed after the numeric value.

Slovakia switched its currency from the koruna to the euro on 1 January 2009, at a rate of 30.1260 korunas to the euro.

In the Slovak language, the nouns "koruna" and "halier" both assume two plural forms. "Koruny" and "haliere" appears after the numbers 2, 3 and 4 and in generic (uncountable) context, with "korún" and "halierov" being used after other numbers. The latter forms also correspond to genitive use in plural.

The koruna (Slovak: koruna slovenská, note the different word ordering from the modern koruna) was the currency of the Slovak Republic from 1939 to 1945. The Slovak koruna replaced the Czechoslovak koruna at par and was replaced by the reconstituted Czechoslovak koruna, again at par. Its abbreviation was Kčs.

Initially, the Slovak koruna was at par with the Bohemian and Moravian koruna, with 10 korunas = 1 Reichsmark. It was devalued, on 1 October 1940, to a rate of 11.62 Slovak korunas to one Reichsmark, while the value of the Bohemian and Moravian currency remained unchanged against the Reichsmark.

In 1939, coins were introduced in denominations of 10 halierov, 5 and 20 korunas, with 20 and 50 haliers and 1 koruna added in 1940. The 10 and 20 haliers were bronze, the 50 haliers and 1 koruna cupronickel, the 5 korunas nickel and the 20 korunas were silver. In 1942, zinc 5 haliers were introduced and aluminium replaced bronze in the 20 haliers. Aluminium 50 haliers followed in 1943. Silver 10 and 50 korunas were introduced in 1944.


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