Slovenia belongs to the European Union (EU), which means banks in Slovenia can exchange foreign currency into euros. There are over 20 commercial banks in Slovenia, and ATM machines are easy to find across the country. Travelers can also exchange their money at airports, travel agencies and other financial institutions.
Using the euro has been beneficial for Slovenia and the people who travel there. It has made changing money easier and more convenient, particularly because it does not have to be done as often now that Slovenia is using the same kind of currency as countries such as Italy, France, and Germany. It also makes it easier to compare prices across borders.
The Bank of Slovenia became a partner with the European System of Central Banks (ESCB) when it joined the European Union. This is a collection of central banks from each country in the EU. The bank contributes to making bank policy that applies to all countries in the EU. This has been especially significant recently, as countries such as Greece, Portugal, and Italy struggle to face debt and rising economic insecurity.
While Slovenia uses the same currency as other EU countries, the country has its own images engraved into euro coins. These can be found at any retailers in the nation, including banks in Slovenia. The designs are symbols of national pride and can easily set these euro coins apart from euro coins that originate in other European countries.
The euro’s value compared to other currency changes constantly. The banking system in Slovenia works hard to stay on top of all the current changes in economic and banking policies across the world. The greatest benefit to joining the EU for Slovenia has been ease of travel. Tourism has also increased thanks to the simplicity of visiting Europe as a whole.