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Slovenia in Eurogroup from January confirmed

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Slovenia in Eurogroup from January confirmed

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One of the rare successes announced at the summit was the confirmation that Slovenia can join the euro zone on 1st January, 2007.

It will be the first new member state to adopt the single currency.

When the EU finance ministers put their seal on the decision on 11th July, they will also set the definitive exchange rate between the tolar and the euro.

Slovenia will become the thirteenth euro member. Lithuania looks the next-closest. All the new EU members are obliged to join the euro under their overall adhesion treaties. The U.K. Sweden and Denmark are not in the Eurogroup by their own choice.

Double pricing in Slovenian tolars and euros has already begun. The cash changeover will entail some 1,200 tons of coins and 73 tons of banknotes.
The Mint of Finland won an international tender, therefore Slovenia’s euro-coins will be made in Finland.