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obverse
reverse
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2 Euro (Accession of the Slovak Republic to the European Union) – Slovakia

Circulating commemorative coins
Commemoration: 10th Anniversary of the Accession of the Slovak Republic to the European Union
Slovakia
Context
Year: 2014
Issuer: Slovakia Issuer flag
Period:
(since 1993)
Currency:
(since 2009)
Total mintage: 1,007,000
Material
Diameter: 25.75 mm
Weight: 8.5 g
Thickness: 2.2 mm
Shape: Round
Composition: Bimetallic (Nickel brass center, Copper-nickel ring)
Technique: Milled
Alignment: Medal alignment
Obverse
OBVERSE ↑
flip
Reverse
REVERSE ↑
References
KM: #Click to copy to clipboard134
Numista: #58412
Value
Exchange value: 2 EUR = $2.36
Inflation-adjusted value: 2.94 EUR

Obverse

Description:
The national side centers on stylized 'EÚ' with Slovakia's coat of arms. To the right is the accession date '1.5.2004' above the year '2014'. 'SLOVENSKO' is at the bottom, with '10. VÝROČIE VSTUPU DO EURÓPSKEJ ÚNIE' along the top. The lower left features the Kremnica Mint mark ('MK'), and the lower right has the designer's initials 'MP'. The outer ring displays the twelve EU stars.
Inscription:
10. VÝROČIE VSTUPU DO EURÓPSKEJ ÚNIE

SLOVENSKO

1.5.2004

2014

MP
Translation:
10TH ANNIVERSARY OF ENTRY INTO THE EUROPEAN UNION

SLOVAKIA

1.5.2004

2014

MP
Script: Latin
Language: Slovak

Reverse

Description:
A map shows Europe borderless beside its face value.
Inscription:
2 EURO LL
Script: Latin
Engraver: Luc Luycx

Edge

Legend:
★ SLOVENSKÁ REPUBLIKA ★
Translation:
SLOVAK REPUBLIC
Language: Slovak

Mints

NameMark
Kremnica

Mintings

YearMint MarkMintageQualityCollection
2014MK1,000,000
2014MK7,000BU

Historical background

In 2014, Slovakia was a stable member of the Eurozone, having adopted the euro as its official currency on January 1, 2009. This move replaced the Slovak koruna (SKK) and was seen as a key milestone in the country's integration into the European core, following its EU accession in 2004. By 2014, the euro was well-established in daily use, and the initial transition period was long over, with the currency providing macroeconomic stability, lower transaction costs for trade, and a symbol of Slovakia's economic convergence with Western Europe.

The primary currency-related discussions in Slovakia during 2014 were not about the euro itself, but rather its management at the European level and the country's fiscal stance within the monetary union. As a member of the Eurozone, Slovakia's monetary policy was set by the European Central Bank (ECB), which was actively employing unconventional measures like low interest rates and preparing for quantitative easing to combat low inflation and stimulate the euro area economy following the sovereign debt crisis. Domestically, the government of Prime Minister Robert Fico maintained a fiscally conservative approach, emphasizing its achievement of low budget deficits and declining public debt, which stood in contrast to the struggles of some southern Eurozone members.

Furthermore, Slovakia's economic performance within the single currency was relatively strong in 2014. It was often called the "Eurozone's tiger" for its robust GDP growth, driven by a successful automotive manufacturing sector. The fixed exchange rate eliminated currency risk for major exporters like Volkswagen, further solidifying the country's position as a manufacturing hub. While some political voices occasionally questioned the benefits of euro membership, particularly regarding the cost of bailouts for other countries during the crisis, there was no serious political movement or public debate about leaving the euro. The currency situation was characterized by stability and a focus on leveraging Eurozone membership for continued economic growth.

Series: Slovakia 2 euro commemoratives

2 Euro obverse
2 Euro reverse
2 Euro
2011
2 Euro obverse
2 Euro reverse
2 Euro
2012
2 Euro obverse
2 Euro reverse
2 Euro
2013
2 Euro obverse
2 Euro reverse
2 Euro
2014
2 Euro obverse
2 Euro reverse
2 Euro
2015
2 Euro obverse
2 Euro reverse
2 Euro
2015
2 Euro obverse
2 Euro reverse
2 Euro
2016
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