20 SIT

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The Slovenian tolar (SIT) was introduced on 8 October 1991 following Slovenia's declaration of independence from Yugoslavia in June 1991, replacing the Yugoslav dinar at par. The tolar served as Slovenia's national currency from 1991 until 1 January 2007, when Slovenia became the first former Yugoslav republic to adopt the euro. The 20 tolar note was part of the original series issued by the newly established Bank of Slovenia (Narodna Banka Slovenije / Banka Slovenije). The series featured designs emphasizing Slovenian natural landscapes, cultural heritage, and national symbols as the new nation asserted its independent identity. This note's design combines abstract Alpine mountain imagery on the front with the iconic Lipizzaner horses on the reverse, linking Slovenia's geographic identity with its equestrian heritage. The Lipica stud farm, established in 1580 by Archduke Charles II of Austria, has been breeding the famous white Lipizzaner horses for over four centuries and is one of Slovenia's most important cultural sites. All tolar banknotes were demonetized when Slovenia joined the eurozone on 1 January 2007, though they could be exchanged at banks until 31 December 2016 at the fixed rate of 239.640 SIT = 1 EUR.