10 Euro (Jozef Dekret-Matejovie) – Slovakia
Non-circulating coins
Commemoration: 250th anniversary of the birth of Jozef Dekret-Matejovie
Slovakia
Context
Year: 2024
Issuer: Slovakia 
Issuing organization: National Bank of Slovakia
Period:
(since 1993)
Currency:
(since 2009)
Total mintage: 12,500
Material
References
KM: #Click to copy to clipboard211
Numista: #418524
Value
Exchange value: 10 EUR = $11.81
Bullion value: $45.13
Inflation-adjusted value: 10.60 EUR
Obverse
Description:
The obverse features a tree trunk cross-section with a coniferous tree and seedling. To the right are the Slovak national emblem and the year 2024, with "SLOVAKIA" inscribed. The Mint of Kremnica mark (MK) and the artist Martin Sabol's initials (MS) are placed at the seedling's roots.
Inscription:
SLOVENSKO
2024
MS
2024
MS
Script: Latin
Engraver: Dalibor Schmidt
Designer: Martin Sabol
Reverse
Description:
The reverse side features a coniferous tree cross-section silhouette beside a portrait of Jozef Dekret Matejovie. To the portrait's right are his dates, 1774–1841. The left side displays the nominal value "10 EURO" and the inscription "JOZEF DEKRET MATEJOVIE".
Inscription:
JOZEF DEKRET MATEJOVIE
10
EURO
1774 - 1841
10
EURO
1774 - 1841
Script: Latin
Engraver: Dalibor Schmidt
Designer: Martin Sabol
Edge
Smooth with inscriptions in hollow
Legend:
PRIEKOPNÍK METÓD OBNOVY LESOV NA SLOVENSKU
Translation:
Pioneer of forest restoration methods in Slovakia
Language: Slovak
Categories
| Event> Birth anniversary |
| Plant> Tree |
| Symbols> Coat of Arms |
Mints
| Name | Mark |
|---|---|
| Kremnica | (MK) |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2024 | MK | 3,900 | ||
| 2024 | MK | 8,600 | Proof |
Historical background
In 2024, Slovakia's currency situation is defined by its nearly two-decade membership in the Eurozone, having adopted the euro in 2009. As a result, the country does not have an independent monetary policy; its interest rates and broader monetary conditions are set by the European Central Bank (ECB) to suit the needs of the entire euro area. This framework provides Slovakia with significant benefits, including eliminated exchange rate risk within the Eurozone, enhanced trade and investment stability, and a historically strong anchor against inflation. However, it also means the Slovak economy must adjust to ECB policies that may not always align perfectly with its specific cyclical needs, such as differing inflation or growth rates compared to the Eurozone core.
The primary domestic focus in 2024 is on managing inflation's aftermath and supporting economic growth. After the significant inflationary surge of 2022-2023, driven by energy prices and supply chain issues, inflation in Slovakia has been gradually decelerating in line with the Eurozone trend. The ECB's restrictive monetary policy, maintained for much of 2023, aimed to curb this inflation, but also contributed to tighter financial conditions and higher borrowing costs for Slovak businesses and households. The key question for 2024 is the timing and pace of ECB interest rate cuts, which Slovakia anticipates to ease economic pressures and stimulate investment.
Looking ahead, Slovakia's currency stability is intrinsically linked to the euro's performance and the ECB's policy trajectory. Domestically, the government's fiscal policy and its ability to implement reforms under the EU's Recovery and Resilience Facility are crucial for maintaining investor confidence and economic competitiveness. Challenges remain, including a need for deeper economic convergence with Western Eurozone members and managing public debt. Nevertheless, the euro provides a stable monetary foundation, allowing national efforts to focus on structural reforms, energy security, and enhancing productivity to ensure long-term prosperity within the single currency union.
The primary domestic focus in 2024 is on managing inflation's aftermath and supporting economic growth. After the significant inflationary surge of 2022-2023, driven by energy prices and supply chain issues, inflation in Slovakia has been gradually decelerating in line with the Eurozone trend. The ECB's restrictive monetary policy, maintained for much of 2023, aimed to curb this inflation, but also contributed to tighter financial conditions and higher borrowing costs for Slovak businesses and households. The key question for 2024 is the timing and pace of ECB interest rate cuts, which Slovakia anticipates to ease economic pressures and stimulate investment.
Looking ahead, Slovakia's currency stability is intrinsically linked to the euro's performance and the ECB's policy trajectory. Domestically, the government's fiscal policy and its ability to implement reforms under the EU's Recovery and Resilience Facility are crucial for maintaining investor confidence and economic competitiveness. Challenges remain, including a need for deeper economic convergence with Western Eurozone members and managing public debt. Nevertheless, the euro provides a stable monetary foundation, allowing national efforts to focus on structural reforms, energy security, and enhancing productivity to ensure long-term prosperity within the single currency union.
💎 Extremely Rare