Bank of Slovenia
Encyclopedia
The Bank of Slovenia is the bank of issue and the central bank
of the Republic of Slovenia
. Based in Ljubljana
, it was established on 25 June 1991. Its primary task is to take care of the stability of the domestic currency and to ensure the liquidity of payments within the country and with foreign countries. It also acts as the supervisor of the banking system. It is a non-governmental independent institution, obliged to periodically present a report on its operation to the National Assembly of Slovenia
.
The Bank of Slovenia joined the Eurosystem
in 2007, when the euro replaced the tolar
as the official currency of Slovenia.
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
of the Republic of Slovenia
Slovenia
Slovenia , officially the Republic of Slovenia , is a country in Central and Southeastern Europe touching the Alps and bordering the Mediterranean. Slovenia borders Italy to the west, Croatia to the south and east, Hungary to the northeast, and Austria to the north, and also has a small portion of...
. Based in Ljubljana
Ljubljana
Ljubljana is the capital of Slovenia and its largest city. It is the centre of the City Municipality of Ljubljana. It is located in the centre of the country in the Ljubljana Basin, and is a mid-sized city of some 270,000 inhabitants...
, it was established on 25 June 1991. Its primary task is to take care of the stability of the domestic currency and to ensure the liquidity of payments within the country and with foreign countries. It also acts as the supervisor of the banking system. It is a non-governmental independent institution, obliged to periodically present a report on its operation to the National Assembly of Slovenia
National Assembly (Slovenia)
The National Assembly is the general representative body of the Slovenian nation. According to the Constitution of Slovenia and the Constitutional Court of Slovenia, it is the major part of the distinctively incompletely bicameral legislative branch of the Republic of Slovenia. It is unicameral...
.
The Bank of Slovenia joined the Eurosystem
Eurosystem
The Eurosystem is the monetary authority of the Eurozone, the collective of European Union member states that have adopted the euro as their sole official currency...
in 2007, when the euro replaced the tolar
Slovenian tolar
The tolar was the currency of Slovenia from 1991 until the introduction of the euro on 1 January 2007. It was subdivided into 100 stotins...
as the official currency of Slovenia.
See also
- Economy of SloveniaEconomy of SloveniaSlovenia today is a developed country that enjoys prosperity and stability, as well as a GDP per capita at 88% of the EU27 average.-History:Although it comprised only about one-thirteenth of Yugoslavia's total population, it was the most productive of the Yugoslav republics, accounting for...
- EurozoneEurozoneThe eurozone , officially called the euro area, is an economic and monetary union of seventeen European Union member states that have adopted the euro as their common currency and sole legal tender...
- Slovenian tolarSlovenian tolarThe tolar was the currency of Slovenia from 1991 until the introduction of the euro on 1 January 2007. It was subdivided into 100 stotins...
- Temeljna obrestna meraTemeljna obrestna meraTemeljna obrestna mera , abbreviated TOM, stood for the basic interest rate. It was used in Slovenia to reflect the current inflation. It had been quite common to bind loan rates to TOM in Slovenia because of relatively high and variable inflation in the history. TOM used to be calculated by the...