Slovak euro coins
Slovakia has been a member of the European Union since May 2004, and is a member of the European Economic and Monetary Union. Slovakia adopted the euro on 1 January 2009, replacing its previous currency, the Slovak koruna.
Karel Kramář
In first months of Czechoslovakia, wages in the cites fell by 60% in real terms owning to inflation and 350, 000 workers, making up 8% of the population were unemployed. Inflation was a major problem in the first months of the new republic, all the more so as Czechoslovakia continued to use the old Habsburg notes in common with other former nations of the Habsburg empire, who printed their notes in abandon, in a sense "exporting" their inflation. In February 1919, a degree ordered that only Habsburg notes stamped with the Czechoslovak lion were legal tender, and in April 1919 the Czechoslovak crown was introduced as the new currency. The February degree largely ended the inflation which was threatening to economically destabilise Czechoslovakia.