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 | |||
|---|---|---|---|---|
| Number of curencies available | We have more than 13 currencies. We are specialists. | Only the most common ones. They don't pay much attention to this service and, moreover, they will always try to get you to leave with Dollars. | ||
| Currency availability | Immediate availability at our airport offices on the day of your trip. | The branch requests it from Head Office and it may take quite a long time to have the currency available, or they may not even have it. | ||
| Cost of the transaction | Only the exchange rate, with no commissions, and if you book online we guarantee you the best price. | Your bank's margin plus a commission. | ||
| Fractional currency so you can pay comfortably | Of course, because we think of you and your needs when you set foot in a foreign country. | No. Be prepared to hear refusals and complaints in a foreign language when you present a "large" bill. | ||
| Delivery options | We offer you the possibility of picking up your order at the airport. | You have to go to the bank twice: once to request the currency and once to pick it up, if they can get it for you, so you have to keep track of your money. | ||
| Opening hours | We are open 24 hours a day, 7 days a week. | Monday to Friday, from 8:30 am to 2:30 pm. |