SOCRATES PROGRAMME 20092010 SOCIOECONOMIC DEVELOPMENT AND CONTEMPORARY SLOVENIA

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SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA

• Prof. dr. Zarjan Fabjancic

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MONEY FORMS
SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA

• Real money
• Minted money
• Paper money
• Credit money

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SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA
cauri shells
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• METALS
• divisible
• homogenous
• durable quality
• big value in small quantity

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SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA
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SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA
Lydia, 7. century BC
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SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA

• Ancient device for coin minting

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• ROMAN MONAY
• gold aureus
• silver denarius
• bronze
• ? denarius
• ? sestertius
• ? dupondis
• ? as
• ? semis
• ? quadrans

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SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA
Roman ceasars money
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ANCIENT PERIOD
SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA

• Noric kingdom (3.-1. Century BC)
• The big silver coin - tetradrachme
• Roman conquest
• 15 BC
• New coin - aureus

Noric silver and aureus
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SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA

• In 294 A.D. emperor Dioclecian reformed the Roman
  monetary system
• Introduction of the bronze coin folis
• Inflation in the 3rd Century. New mints outside
  Rome, in Aquilea, Siscia, Milan

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THE PERIOD OF MONETARY BLACKOUT
SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA

• After the decline of the Western Roman Empire
• practically no money
• On our territory, only a few Lombard coins were
  found
• Slovenians did not use money in the time of their
  independence
• The Frankish domination and Charlemagnes
  monetary reform 1 (silver ) pound 20 shillings
  240 pfennigs (pence) (denarii)

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• On Slovenian territory Frisacher pfennig was
  minted in 10 mints Ljubljana, Kamnik, Slovenj
  Gradc, Brestanica, Kostanjevica, Cate, Otok,
  Sveti Kri, Ptuj and Breice
• The end of the Frisacher Pfennig in the 14th
  Century

Friesacher Pfennig
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THE MONETARY DEVELOPMENT IN AUSTRIAN HEREDITARY
DUCHIES (from the 16th to the beginning of the
20. century)

• Sigismund, the duke of Tirol started minting
  silver coins in 1482 the pfunders
• In 1520, the goldinars started being minted in
  the town Joachimstal in Bohemia

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SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA

• In 1524, the archduke Ferdinand gave the edict on
  the monetary order for all Austrian duchies.
  Tolars, silver halfgoldinars, sestercii,
  kreutzers and gold dukats were given into the
  circulation.

Gold ducat
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• In 1760, Maria Theresa started minting coins from
  the metals of lesser value.
• A new monetary convention was reliesed, valid
  only for silver and copper coins the Kreutzers.

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SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA

• The beginning of the paper money in 1694

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• The Vienna City Bank started the first emission
  of the banknotes not popular
• 1866 the increased cerculation of the paper money
  after the war
• 1879 the abolition of minting coins for
  individuals goldinar became the paper money

The banknote for 10 guldens
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• The Austro-Hungarian Empire introduced (1892) the
  new monetary unit the crown, its golden content
  is determined by the exchange rates
• According the act of 1892, the following coins
  were minted gold crown and ducat silver
  crown, silver goldinar and levantine tolar
  copper coins- vinars

Coin of 100 crowns
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PERIOD BETWEEN THE TWO WARS
SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA

• The new state of Serbs, Croats and Slovenians was
  established
• Problems at the monatery policy - 5 different
  kinds of money
• Crowns in Slovenia were sealed to be
  distingueshed from the Austrian ones

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• In 1920 the unification of money crown-dinar
  banknotes
• Slovenians paid great loss due to extremely
  unfavorable exchange rate

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OCCUPATION MONEY
SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA

• Italia joint the region of Ljubljana into Italian
  monetary system the exchange commissions
• Germany gradually unified the monetary system of
  the occupied territories with their own the
  Reichsmark
• Hungary changed the dinars with their currency
  pengö
• On 12 March 1944, the Slovenian Monetary
  Instituteje was established by the partizans

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THE DINAR ERA
SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA

• Problematic exchange of the occupational money
• On 10 April 1945 the new dinar banknotes were
  given into circulation

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• On 1 january 1966, the denomination of the dinar
  one new dinar was valid 100 old dinars

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SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA

• The state was on the edge of the hyperinflation

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SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA

• The coin of the biggest nominal value in history
  one trillion Marks

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THE SLOVENIAN TOLAR ERA
SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA

• On 8 October 1991, the coupons were introduced as
  the legal means of payment

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SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA

• The newly designed banknotes and coins were shown
  in the Bank of Slovenia first in May 1992 at the
  international designers congress

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SOCRATES PROGRAMME 2009/2010SOCIO-ECONOMIC
DEVELOPMENT AND CONTEMPORARY SLOVENIA

• EMU the next Slovenian objective