The National Bank of Slovakia has issued (July 1) a new coin highlighting the country’s assumption of the rotating European Union presidency of the Council of Ministers, marking the first time the country has held the position since it joined the E.U. in 2004.
The European Council is the arm of the E.U. that maintains and debates laws, and oversees the various regulations of the council. The presidency of this council is a rotating position occupied successively by the member states. As the E.U. has grown, the task of scheduling each member state has become increasingly important to ensure that newer members, as well as more established countries, are given the opportunity to fulfill this obligation.
The E.U. Presidency is accorded to another member state every six months, with the first term each year beginning on January 1 and ending on June 30. The second term then commences from July 1 and ends on December 31. Slovakia has taken over the 2016 E.U. Presidency from the Netherlands. For the next six months, the Slovak representatives will be acting on behalf of the governments of all 28 member states of the E.U., which is home to more than 500 million inhabitants. The next change-over for the E.U. Presidency will be on January 1, 2017, when one of the smaller members of the E.U., Malta, assumes the role, followed by the United Kingdom in July of 2017, subject to their continued membership in the European Union by that date.
The coin is produced by the Kremnica Mint on behalf of the National Bank and is designed by Vladimír Pavlica. The obverse side of the coin features an impression of the Bratislava castle, with waves symbolizing the river Danube against a background of dynamic centripetal lines. In a circle around the edge of the coin, the inscription PREDSEDNÍCTVO (“Presidency”) is separated by graphical symbols from the inscription SR V RADE EÚ (“of Slovakia of the Council of the EU”).
The reverse design is dominated by the coat of arms of the Slovak Republic at its center against a background of centripetal lines representing the position and importance of the Slovak Republic during its presidency of the Council of the European Union. To the right of the coat of arms is the year 2016. Around the edge is the country name, SLOVENSKÁ REPUBLIKA (“Slovak Republic”), which is separated by graphical symbols from the denomination of the coin, 10 EURO. The mint mark of the Kremnica Mint, “MK,” and the stylized initials of the coin’s designer, Vladimír Pavlica, “VP,” are placed in the lower part of the composition.
|10 €URO||.900 Silver||18 Grams||34 mm.||BU||2600 pieces|
|10 €URO||.900 Silver||18 Grams||34 mm.||Proof||5600 pieces|
The coin is available in Proof and Brilliant Uncirculated qualities from various distribution partners of the National Bank of Slovakia. For more information, or to find your nearest distributor, please visit the Web site of the National Bank of Slovakia.