10 Euro (Brother Cyprian of the Red Monastery) – Slovakia
Non-circulating coins
Commemoration: 300th anniversary of the birth of Brother Cyprian of the Red Monastery
Slovakia
Context
Year: 2024
Issuer: Slovakia 
Issuing organization: National Bank of Slovakia
Period:
(since 1993)
Currency:
(since 2009)
Total mintage: 13,200
Material
References
KM: #Click to copy to clipboard212
Numista: #423136
Value
Exchange value: 10 EUR = $11.81
Bullion value: $45.13
Inflation-adjusted value: 10.60 EUR
Obverse
Description:
The obverse shows an imagined portrait of Brother Cyprian holding a basket of plants, with a flying machine above it and an eagle above that. Below the basket is the year '2024'. To the left are the Slovak coat of arms, the denomination '10 EURO' above it, and 'SLOVENSKO' along the lower left edge.
Inscription:
10
EURO
2024
SLOVENSKO
EURO
2024
SLOVENSKO
Translation:
10
EURO
2024
SLOVAKIA
EURO
2024
SLOVAKIA
Script: Latin
Engraver: Jakub Morávek
Designer: Roman Lugár
Reverse
Description:
The reverse features a medicinal plant from Brother Cyprian's herbal beside the Red Monastery, with the Three Crowns Massif behind it. The dates 1724 and 1775 are above. To the left are the designer's initials 'RL' and the Kremnica Mint mark 'MK'. Curved inscriptions read FRÁTER CYPRIÁN and ČERVENÝ KLÁŠTOR.
Inscription:
1724
1775
ČERVENÝ KLÁŠTOR
FRÁTER CYPRIÁN
LR
1775
ČERVENÝ KLÁŠTOR
FRÁTER CYPRIÁN
LR
Translation:
Seventeen Twenty-Four
Seventeen Seventy-Five
The Red Monastery
Friar Cyprian
Czechoslovak Socialist Republic
Seventeen Seventy-Five
The Red Monastery
Friar Cyprian
Czechoslovak Socialist Republic
Script: Latin
Engraver: Jakub Morávek
Designer: Roman Lugár
Edge
Lettering
Legend:
LEKÁRNIK – LIEČITEĽ – BOTANIK – MAJSTER TISÍCICH REMESIEL –
Translation:
Pharmacist – Healer – Botanist – Master of a Thousand Crafts –
Language: Slovak
Categories
| Event> Birth anniversary |
Mints
| Name | Mark |
|---|---|
| Kremnica | (MK) |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2024 | MK | 4,050 | ||
| 2024 | MK | 9,150 | 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