100 Euro (End of the First World War) – Slovenia

In 2018, Slovenia was a stable member of the Eurozone, having adopted the euro as its sole legal tender on 1 January 2007. Therefore, the country did not have an independent "currency situation" in the traditional sense, as its monetary policy was set by the European Central Bank (ECB) in Frankfurt. The year was characterized by macroeconomic stability, with low inflation averaging around 1.8% and sustained economic growth, which was projected at nearly 5% for the year—one of the highest rates in the Eurozone. This growth was driven by strong exports, increased domestic consumption, and a surge in investment.

The primary financial discussions within Slovenia in 2018 revolved not around currency but around fiscal policy and banking sector stability. The government, led by Prime Minister Miro Cerar, focused on further repairing public finances after the 2013 banking crisis, maintaining a budget surplus, and reducing public debt. A significant milestone was the successful completion of the sale of the state’s remaining stake in the country’s largest bank, Nova Ljubljanska Banka (NLB), in November 2018. This move was closely watched by international markets and European institutions as a sign of continued commitment to financial stability and reform.

From a broader Eurozone perspective, Slovenia benefited from the ECB’s accommodative monetary policy, which kept interest rates at historic lows. This environment supported affordable credit for businesses and households. The main challenges related to currency were external, shared by all Eurozone members: managing the effects of a relatively strong euro on export competitiveness and navigating broader geopolitical and trade uncertainties. Domestically, the euro provided a framework of monetary stability, allowing national economic policy to focus on structural reforms and fiscal management rather than exchange rate concerns.