10 Euro (Ľudmila Podjavorinská) – Slovakia
Non-circulating coins
Commemoration: 150th anniversary of the birth of Ľudmila Podjavorinská
Slovakia
Context
Material
References
KM: #Click to copy to clipboard189
Numista: #328077
Value
Exchange value: 10 EUR = $11.81
Bullion value: $45.13
Inflation-adjusted value: 13.25 EUR
Obverse
Description:
The obverse shows an open book with characters from Ludmila Podjavorinská’s children’s verses, topped by a floral garland. Below are the Slovak coat of arms and ‘SLOVENSKO’. The year ‘2022’ is at the left edge, while the denomination ‘10 EURO’ and the Kremnica Mint mark (‘MK’ between dies) are on the right.
Inscription:
10 EURO
MK
2022 SLOVENSKO
MK
2022 SLOVENSKO
Translation:
10 EURO
MK
2022 SLOVAKIA
MK
2022 SLOVAKIA
Script: Latin
Engraver: Dalibor Schmidt
Designer: Asamat Baltaev
Reverse
Description:
The reverse features a portrait of Ludmila Podjavorinská above a floral garland containing two sparrows from her verse *Cin-Cin*. To the right are her birth and death dates (1872–1951), and to the left is designer Asamat Baltaev's mark. Her name is inscribed along the lower edge.
Inscription:
1872
1951
ĽUDMILA PODJAVORINSKÁ
1951
ĽUDMILA PODJAVORINSKÁ
Translation:
1872
1951
Ľudmila Podjavorinská
1951
Ľudmila Podjavorinská
Script: Latin
Engraver: Dalibor Schmidt
Designer: Asamat Baltaev
Edge
Smooth with inscription
Legend:
• SPISOVATEĽKA A AKTIVISTKA MATICE SLOVENSKEJ
Translation:
Writer and activist of Matica slovenská.
Language: Slovak
Categories
| Animal> Amphibian |
| Animal> Rabbit |
| Animal> Bird |
| Art> Literature |
| Event> Birth anniversary |
| Plants> Flower |
Mints
| Name | Mark |
|---|---|
| Kremnica | (MK) |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2022 | MK | 2,600 | ||
| 2022 | MK | 6,100 | Proof |
Historical background
In 2022, Slovakia's currency situation was defined by its continued membership in the Eurozone, having adopted the euro in 2009. As such, the country did not have an independent monetary policy; its interest rates and broader monetary stance were set by the European Central Bank (ECB) in response to Eurozone-wide inflation. This year was particularly significant as the ECB began a historic cycle of interest rate hikes in July to combat soaring inflation, which directly impacted the cost of credit and economic conditions in Slovakia. The Slovak koruna was no longer in circulation, eliminating direct exchange rate risk with the euro but also removing a potential national tool for economic adjustment.
The primary domestic economic pressure was exceptionally high inflation, which peaked at over 15% by the end of 2022, significantly above the Eurozone average. This was driven by the same global shocks affecting all of Europe: soaring energy prices exacerbated by the war in Ukraine and persistent post-pandemic supply chain issues. However, Slovakia's inflation was amplified by specific national factors, including a heavy reliance on energy-intensive industry and government fiscal measures, such as pandemic-related stimulus, which boosted domestic demand. The lack of a national currency meant Slovakia could not devalue to gain trade competitiveness or set interest rates specifically for its own economic cycle.
Consequently, the key debates within Slovakia focused on fiscal policy and energy security as the main tools to address the cost-of-living crisis. The government implemented several costly packages of subsidies and price caps on energy and basic food items to shield households and businesses, leading to a substantial widening of the budget deficit. The currency situation, therefore, framed Slovakia's economic challenges in 2022 as one of navigating Eurozone monetary tightening while using national fiscal measures to mitigate the social impact, all within the constraints of a shared currency.
The primary domestic economic pressure was exceptionally high inflation, which peaked at over 15% by the end of 2022, significantly above the Eurozone average. This was driven by the same global shocks affecting all of Europe: soaring energy prices exacerbated by the war in Ukraine and persistent post-pandemic supply chain issues. However, Slovakia's inflation was amplified by specific national factors, including a heavy reliance on energy-intensive industry and government fiscal measures, such as pandemic-related stimulus, which boosted domestic demand. The lack of a national currency meant Slovakia could not devalue to gain trade competitiveness or set interest rates specifically for its own economic cycle.
Consequently, the key debates within Slovakia focused on fiscal policy and energy security as the main tools to address the cost-of-living crisis. The government implemented several costly packages of subsidies and price caps on energy and basic food items to shield households and businesses, leading to a substantial widening of the budget deficit. The currency situation, therefore, framed Slovakia's economic challenges in 2022 as one of navigating Eurozone monetary tightening while using national fiscal measures to mitigate the social impact, all within the constraints of a shared currency.
💎 Extremely Rare