{
  "url": "https://openlegislation.uk/eu-regulation-2006-1086/introduction",
  "json_url": "https://openlegislation.uk/eu-regulation-2006-1086/introduction.json",
  "legislation": "eur/2006/1086",
  "legislation_title": "Council Regulation (EC) No 1086/2006 of 11 July 2006 amending Regulation (EC) No 2866/98 on the conversion rates between the euro and the currencies of the Member States adopting the euro",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2006-1086",
  "path": "introduction",
  "kind": "introduction",
  "number": null,
  "heading": "Introductory text",
  "text": "Council Regulation (EC) No 1086/2006\nof 11 July 2006\namending Regulation (EC) No 2866/98 on the conversion rates between the euro and the currencies of the Member States adopting the euro\nTHE COUNCIL OF THE EUROPEAN UNION,\nHaving regard to the Treaty establishing the European Community, and in particular Article 123(5) thereof,\nHaving regard to the proposal from the Commission,\nHaving regard to the Opinion of the European Central Bank,\nWhereas:\n(1)\nCouncil Regulation (EC) No 2866/98 of 31 December 1998 on the conversion rates between the euro and the currencies of the Member States adopting the euro determines the conversion rates as from 1 January 1999.\n(2)\nAccording to Article 4 of the 2003 Act of Accession, Slovenia is a Member State with a derogation as defined in Article 122 of the Treaty.\n(3)\nPursuant to Council Decision 2006/495/EC of 11 July 2006 in accordance with Article 122(2) of the Treaty on the adoption by Slovenia of the single currency on January 2007, Slovenia fulfils the necessary conditions for the adoption of the single currency and the derogation of Slovenia is abrogated with effect from 1 January 2007.\n(4)\nThe introduction of the euro in Slovenia requires the adoption of the conversion rate between the euro and the tolar. This conversion rate should be set at 239,640 Slovenian tolars to 1 euro, which corresponds to the current central rate of the tolar in the exchange rate mechanism (ERM II).\n(5)\nRegulation (EC) No 2866/98 should therefore be amended accordingly,\nHAS ADOPTED THIS REGULATION:",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Opinion delivered on 6 July 2006 (Not yet published in the Official Journal)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "OJ L 359, 31.12.1998, p. 1. Regulation as amended by Regulation (EC) No 1478/2000 (OJ L 167, 7.7.2000, p. 1)."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "See page 25 of this Official Journal."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2006/1086/introduction",
    "retrieved_at": "2026-11-01T14:53:35.930188+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}