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Dual display of prices

Dual display of prices
Photo: Leon Vidic
The Act on dual display of prices in tolars and in euro published in November 2005 stipulates that informative dual display of prices shall begin on 1 March 2006. The Act regulates the obligation of informative dual display of prices for goods and services that companies provide for consumers during the stage of introducing the euro as legal tender in the Republic of Slovenia. The purpose of the Act is to regulate the changeover of the monetary unit of the Republic of Slovenia, gradual adaptation and preparation of consumers for valuation of prices for goods and services in euro, and to prevent the rise in inflation due to the introduction of the euro in the country by ensuring comparability of prices.

The dual informative display of prices at central parity set upon entry to ERM II on 28 June 2004 (EUR 1 = SIT 239.640) came into force on 1 March 2006, and remained in force until the setting of the conversion rate (on 11 July 2006); the dual display of prices began the day after the conversion rate was irrevocably set, and will end six months after the introduction of the euro in Slovenia. Selling prices of goods and services must be displayed in both currencies (the price in the other currency is for informative purposes only) so that consumers can easily and clearly read and compare them.

No dual display is required for:

  • postage stamps,
  • postage prices (only in the main currency),
  • amounts on digital displays,
  • amounts on weighing machines readings,
  • prices per unit of product (kg, litre, m, m2, m3, piece, other individual units);
  • only the selling price is displayed in both currencies.

Certain exceptions and special cases are:

  • petrol stations,
  • catalogues,
  • butcher's shops, fishmonger's shops, delicatessens, bakeries,
  • vending machines,
  • books and other publications,
  • games of chance,
  • small companies (trade, up to 10 employees),
  • certain craft companies,
  • farmers selling their goods directly to consumers,
  • companies providing goods or services for concluding legal transactions (prices, claims or obligations displayed in euro).

The Market Inspectorate of the RS is responsible for inspection control over the implementation of this Act.