Press Release: Commission welcomed Council approval of Slovakia’s euro adoption

The European Commission welcomed the final and formal decision by the ECOFIN Council, July 2008, allowing Slovakia to adopt the euro as from 1 January 2009. On a proposal by the Commission, the Council also decided that the Slovak koruna will be converted into euro at the rate of 30.1260 SKK/EUR. In the coming 5½ months, it will be vital for Slovakia to advance with and complete its technical and practical preparations to ensure that the changeover to the euro takes place smoothly, as it did in Cyprus and Malta at the beginning of this year.

• Primary Source

European Commission: DG Economic and Financial Affairs: Slovakia and the euro http://ec.europa.eu/economy_finance/the_euro/your_country_euro9157_en.htm

---