Czech koruna

1 EUR = 27.429 CZK 100 CZK = 3.646 EUR

1 CHF = 22.418 CZK 100 CZK = 4.461 CHF

The Czech crown ( Koruna česká ) is since 8 February 1993 ( shortly after the division of Czechoslovakia and the establishment of the Czech Republic on 1 January 1993 ) the currency of the Czech Republic. A crown is divided into 100 Heller ( Haler ).

Coins and banknotes

There are or were the following coins: 1 crown, 2 crowns, 5 crowns, 10 crowns, 20 crowns and 50 crowns. The coins of 10, 20 and 50 Heller were recovered. In the retail sector is nevertheless still expected in 10 - Heller- steps, but from commercial or rounded up for cash payments to full crowns.

The 50 - krone coin was minted in 1993 to accelerate the currency technical detachment of the Czech Republic from Slovakia - it has not been possible in a short time to print 50 - kroner bills. Having enough 50 -crown bills had been printed, the coins were withdrawn, however, remained valid. For several years, they are brought back into circulation, because it is no longer worth by rising wages and prices to print new banknotes ( whose purchasing power has become lower, currently about 2 euros, they are used a lot and thus worn too fast). Another reason is the possible adoption of the Euro as official currency of Czech Republic.

The 50 - krone coin was selected in 1994 in the survey world coins in the category of current coin as Coin of the Year 1993 ( beautiful coin in the world).

There are or were the following notes: 20 crowns ( valid until 31 August 2008), 50 crowns (valid until 31 March 2011), 100 crowns, 200 crowns, 500 crowns, crowns in 1000, 2000 and 5000 crowns crowns. Furthermore, were printed between February 8, 1993 and August 31, 1993 banknotes to 100 crowns, 500 crowns and 1000 crowns in the design of the Czechoslovak crown, all of which were collected on 31 August 1993.

For more information on the history of the Crown under Czechoslovak crown.

Euro and ERM II

Czech Republic wanted to introduce the euro in 2010 originally. However, it is not currently a member of the " Euro waiting room " ERM II With the accession to the European Union the Czech Republic has made a commitment to adopt the euro. This obligation, however, is not bound to any time frame. Currently, the country an early euro introduction is rather modest compared to, mainly for political reasons - the most powerful ruling party of the current coalition is rather against it. Through strong currency fluctuations of the krona against the euro and the introduction of the euro in Slovakia 2009, although the increased pressure from the economy to the government to aim for a specific date of accession. Currently is expected but with a Czech Republic's accession to the euro zone at the earliest in 2019 .. In addition, acts as a brake that the euro introduction will be delayed further due to a constitutional amendment necessary there also in the neighboring country of Poland.