10 Euro (Janko Jesenský) – Slovakia
Non-circulating coins
Commemoration: 150th Anniversary of the Birth of Janko Jesenský
Slovakia
Context
Material
References
KM: #Click to copy to clipboard213
Numista: #441424
Value
Exchange value: 10 EUR = $11.78
Bullion value: $45.45
Inflation-adjusted value: 10.60 EUR
Obverse
Description:
The obverse features a portrait of Janko Jesenský with his facsimile signature. Behind him are sheets of paper listing his works: ‘NOVELY’, ‘VERŠE’, ‘ZO STARÝCH ČASOV’, ‘MALOMESTSKÉ ROZPRÁVKY’, and ‘ČIERNE DNI’. To the right is the Slovak coat of arms. At the bottom are ‘SLOVENSKO’ and ‘2024’. The Kremnica Mint mark (MK) is to the right of the signature, and the designer's initials (MS) are to the left.
Inscription:
SLOVENSKO
2024
Jesenský
MS
NOVELY
VERŠE
ZO STARÝCH ČASOV
MALOMESTSKÉ ROZPRÁVKY
ČIERNE DNI
MK
2024
Jesenský
MS
NOVELY
VERŠE
ZO STARÝCH ČASOV
MALOMESTSKÉ ROZPRÁVKY
ČIERNE DNI
MK
Translation:
SLOVAKIA
2024
Jesenský
MS
NOVELLAS
POEMS
FROM OLD TIMES
SMALL-TOWN TALES
BLACK DAYS
MK
2024
Jesenský
MS
NOVELLAS
POEMS
FROM OLD TIMES
SMALL-TOWN TALES
BLACK DAYS
MK
Script: Latin
Language: Slovak
Engraver: Dalibor Schmidt
Designer: Martin Sabol
Reverse
Description:
The reverse features a bust portrait of Janko Jesenský. To its left is '10', and to its right, 'EURO'. Along the upper left edge are '1874' and 'JANKO'; on the right are 'JESENSKÝ' and '1945'. The designer's initials 'IŘ' (Ivan Řehák) appear above his left shoulder.
Inscription:
1874 JANKO
JESENSKÝ 1945
10 EURO
IR
JESENSKÝ 1945
10 EURO
IR
Translation:
Janko Jesenský
10 Euro
He united
10 Euro
He united
Script: Latin
Engraver: Dalibor Schmidt
Designer: Ivan Řehák
Edge
Lettered
Legend:
• AUTENTICKÝ GLOSÁTOR SLOVENSKÉHO MALOMESTSKÉHO ŽIVOTA
Translation:
The Authentic Glossator of Slovak Small-Town Life
Language: Slovak
Categories
| Art> Literature |
| Object> Hat |
| Event> Birth anniversary |
| Symbol> Hand |
| Person> Politician |
| Symbols> Coat of Arms |
Mints
| Name | Mark |
|---|---|
| Kremnica | (MK) |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2024 | MK | 4,000 | ||
| 2024 | MK | 8,900 | 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.
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