{
  "url": "https://openlegislation.uk/eu-regulation-2008-694/introduction",
  "json_url": "https://openlegislation.uk/eu-regulation-2008-694/introduction.json",
  "legislation": "eur/2008/694",
  "legislation_title": "Council Regulation (EC) No 694/2008 of 8 July 2008 amending Regulation (EC) No 2866/98 as regards the conversion rate to the euro for Slovakia",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2008-694",
  "path": "introduction",
  "kind": "introduction",
  "number": null,
  "heading": "Introductory text",
  "text": "Council Regulation (EC) No 694/2008\nof 8 July 2008\namending Regulation (EC) No 2866/98 as regards the conversion rate to the euro for Slovakia\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, Slovakia is a Member State with a derogation within the meaning of Article 122 of the Treaty.\n(3)\nPursuant to Council Decision 2008/608/EC of 8 July 2008 in accordance with Article 122(2) of the Treaty on the adoption by Slovakia of the single currency on 1 January 2009, Slovakia fulfils the necessary conditions for the adoption of the single currency and the derogation in favour of Slovakia shall be abrogated with effect from 1 January 2009.\n(4)\nThe introduction of the euro in Slovakia requires the adoption of the conversion rate between the euro and the Slovak koruna. This conversion rate shall be set at 30,1260 korunas per 1 euro, which corresponds to the current central rate of the koruna 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 3 July 2008 (not yet published in the Official Journal)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "OJ L 359, 31.12.1998, p. 1. Regulation as last amended by Regulation (EC) No 1135/2007 (OJ L 256, 2.10.2007, p. 2)."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "See page 24 of this Official Journal."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2008/694/introduction",
    "retrieved_at": "2026-11-01T14:52:09.032872+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."
}