| Stage I - prior the entry into the ERM II |
- Till 25.11.2005 Completing accession procedures to the ERM II with the bodies of the European Union
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| Stage II - membership in the ERM II up until the decision on the SR’s acceptance into the eurozone |
- 28.11.2005 Entry into the ERM II
- May 2008 Convergence reports by the European Commission and the ECB
- May – June 2008 Evaluation procedure at European institutions
- July 2008 Decision of the Council of the EU on abrogation of derogation
- July 2008 Setting the SKK/EUR conversion rate by the Council of the EU
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| Stage III - between the decision on SR’s acceptance into the eurozone and the entry itself |
- July – December 2008 Provision of the necessary quantity of euro banknotes and minting of coins for cash circulation in the SR
- September – December 2008 Frontloading of the NBS and commercial banks with the euro cash
- December 2008 Frontloading of the retail sector with the euro cash
- July 2008 – December 2009 Mandatory dual display of prices
- Till the end of December 2008 Conversion of ATMs, vending machines and other equipment working with coins and banknotes
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| Stage IV - following entry into the eurozone |
- 1 January 2009 Entry into the eurozone
- Till 16 January 2009 Dual circulation: exchange of koruna cash for euro and withdrawal of the Slovak koruna from circulation
- From 17 January 2009 Continued exchange of the old koruna cash for euro banknotes and coins at banks and the NBS
- Till June 2010 Recommended dual display of prices
- Minimizing costs
- Retaining material and financial responsibility
- Fulfilling the Maastricht Criteria
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