The koruna has been the currency of the Czech Republic since 1993, after the dissolution of Czechoslovakia.
Origins and history
The Czech koruna replaced the Czechoslovakian koruna in 1993, after the dissolution of Czechoslovakia. Its first series was stamped over Czechoslovakian koruna banknotes for the value of 20, 50, 100, 500 and 1000 korun, until a new series was introduced in 1993.
The Czech Republic planned on adopting the euro in 2010, but the government shut down the project indefinitely in 2005. Even though the country is very well positioned to adopt the euro, there is considerable opposition from most of the population. In fact, a survey conducted in 2014 proved that only a 16% was in favour of replacing the koruna with the euro.
Current Czech koruna banknotes and coins
Today, there are banknotes in denominations of 100, 200, 500, 2000 and 5000 korun.
Regarding coins, denominations of 1, 2, 5, 10, 20 and 50 korun are in circulation.
Did you know?
- The political system of the Czech Republic is a parliamentary democracy, with Bohuslav Sobotka as Prime Minister.
- It is not allowed to leave the country with more than 10 000 euros (around 273 000 Czech korun).
- Both the Czech Republic and Slovakia entered the European Union on 1 May 2004.
Why changing currency with us is better than with your bank?
 Global Exchange | Your high-street bank | |||
|---|---|---|---|---|
| Variety of currencies | We have more than 70 currencies. We are specialists. | Only major currencies. Travel money is just a secondary business for banks. | ||
| Availability of currencies | Immediate availability of currencies in our branches. Click and collect or walk in to our stores. | The branch requests it from the head office and they can take a long time for having the currency available, or even not at all. | ||
| Expenses | Only the exchange rate, no commission, and if you book online you are guaranteed the best price. | The bank sets its own margin plus a commission. | ||
| Different denominations available | At Global Exchange, you’ll get a variety of banknotes with different values, adapted to all your payment needs. | No. Prepare for refusals and complaints in foreign languages when paying with «big» banknotes. | ||
| Delivery options | Order online to benefit from a price reduction and collect at the branch of your choice. | You’ll have to go first to your bank to order the currency you need, then wait for it to come and go back again to collect it. | ||
| Timetables | We are open 24 hours a day, 7 days a week. | Monday to Friday, from 8:30 am to 2:30 pm. | ||
| Anything else? | Airport collection on the day of your trip. All comfort. | Air-what? What miles are you talking about? No, sir. This is a bank, not an airline. |