10 Euro (Slovak National Uprising) – Slovakia
Non-circulating coins
Commemoration: 80th Anniversary of the Slovak National Uprising
Slovakia
Context
Year: 2024
Issuer: Slovakia 
Issuing organization: National Bank of Slovakia
Period:
(since 1993)
Currency:
(since 2009)
Total mintage: 17,800
Material
References
KM: #Click to copy to clipboard209
Numista: #429755
Value
Exchange value: 10 EUR = $11.81
Bullion value: $46.37
Inflation-adjusted value: 10.60 EUR
Obverse
Description:
The obverse shows the Slovak National Uprising Museum in Banská Bystrica, with an outline map of the wartime Slovak Republic below it. The map marks Banská Bystrica as the uprising's heart and includes arrows showing the advance of German forces. The Slovak coat of arms is at lower left. Along the top edge are the year '2024', 'SLOVENSKO', and '10 EURO'. To the museum's right are the Kremnica Mint mark and the designer Zbyněk Fojtů's initials 'ZF'.
Inscription:
2024
SLOVENSKO
10 EURO
SLOVENSKO
10 EURO
Translation:
SLOVAKIA
10 EURO
10 EURO
Script: Latin
Engraver: Dalibor Schmidt
Designer: Zbyněk Fojtů
Reverse
Description:
The reverse centres on the insurgent air force emblem, flanked by an LT vz. 38 tank (right) and mortarmen in action (left). Below are a biplane fighter (Avia B.534.217) and part of an armoured train. The year "1944" is at the top, above the three-line inscription "SLOVENSKÉ NÁRODNÉ POVSTANIE".
Inscription:
1944
SLOVENSKÉ
NÁRODNÉ
POVSTANIE
SLOVENSKÉ
NÁRODNÉ
POVSTANIE
Translation:
1944
SLOVAK
NATIONAL
UPRISING
SLOVAK
NATIONAL
UPRISING
Script: Latin
Language: Slovak
Engraver: Dalibor Schmidt
Designer: Zbyněk Fojtů
Edge
Lettering
Legend:
• JÁN GOLIAN • ZAČNITE S VYSŤAHOVANÍM! • 29. 8. 1944
Translation:
• JÁN GOLIAN • START THE UPRISING! • 29. 8. 1944
Language: Slovak
Categories
| Transportation> Aircraft |
| History> War |
Mints
| Name | Mark |
|---|---|
| Kremnica | (MK) |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2024 | MK | 5,500 | ||
| 2024 | MK | 12,300 | 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