Czech koruna
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| Czech koruna koruna česká (Czech) |
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| ISO 4217 Code | CZK | ||||
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| User(s) | Czech Republic | ||||
| Inflation | 1.7% | ||||
| Source | Czech National Bank, January 2007 | ||||
| Method | CPI | ||||
| Subunit | |||||
| 1/100 | haléř | ||||
| Symbol | Kč | ||||
| haléř | h | ||||
| Plural | The language(s) of this currency is of the Slavic languages. There is more than one way to construct plural forms. See article. | ||||
| Coins | 50 h, 1, 2, 5, 10, 20, 50 Kč | ||||
| Banknotes | 50, 100, 200, 500, 1000, 2000, 5000 Kč | ||||
| Central bank | Czech National Bank | ||||
| Website | www.cnb.cz | ||||
The Czech koruna ("koruna" means crown) has been the currency of the Czech Republic since February 8, 1993 when it and its Slovakian counterpart both replaced the Czechoslovak koruna at par. Now one CZK is worth around 1.25 - 1.35 SKK.
The official name in Czech is koruna česká (the plural form is "koruny české" but the genitive plural form "korun českých" is usually found on banknotes), the ISO 4217 code is CZK and the local acronym is Kč. One koruna equals 100 haléřů (abbreviated as "h", singular: haléř, nominative plural: haléře). The acronym is placed behind the numeric value.
The koruna has been fully convertible since 1995 and began to float in 1999.[1] The Czech Republic plans to adopt the euro in 2012.
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[edit] Coins
Coins are currently in circulation with denominations of 50h, 1, 2, 5, 10, 20 and 50 korun (20 korun is more commonly found as coins, whereas 50 korun is more common as a banknote). The 10 and 20 haléřů coins were taken out of circulation by 31 October 2003. The 10, 20 and 50 h coins are made of aluminium, the others of steel plated with different alloys. The 50 korun coins are bicolor. The coins have a uniform design: the obverse features the Czech lion, while the main feature on the reverse is the indication of value. The shape of the coins varies with denomination: some are round, others are polygonal.
Since 1997, sets for collectors are also issued yearly with proof quality coins. In 2000, the 10 and 20 korun coins were minted with a different obverese to commemorate the Millennium. In the beginning coins were minted in Hamburg then in the Czech Republic. There's also a tradition of issuing commemorative coins - including silver and gold coins - for numismatic purposes.
[edit] Banknotes
The first Czech banknotes issued in 1993 consisted of Czechoslovak notes with adhesive stamps affixed to them. Only the 100, 500 and 1000 korun denominations were overstamped, the lower denominations circulated unchanged during this transitional period. The former circulated until end-August, the latter until end-July.
A newly designed series of banknotes of denominations 20, 50, 100, 200, 500, 1000, 2000 and 5000 korun were introduced later in 1993 and in 1994 and are all in use as of 2006 - except for the first versions of 1000 and 5000 korun notes, since the security features of these notes were upgraded in the subsequent issues (However, the 2000 note is still valid in both versions, with and without the new security features). These banknotes feature renowned Czech persons on the obverse and abstract compositions on the reverse. Modern protective elements can be found on all banknotes.
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- Czech currency Exchange rates from Czech banks and exchange offices
[edit] See also
[edit] External links
- Czech banknotes, Czech National Bank
- Czech coins, Czech National Bank
[edit] Notes
| Currencies named crowns or similar | |
|---|---|
| Current | Czech koruna · Danish krone · Estonian kroon · Faroese króna · Icelandic króna · Norwegian krone · Slovak koruna · Swedish krona |
| Defunct | Austro-Hungarian krone · Bohemian and Moravian koruna · Czechoslovak koruna · Hungarian korona · Slovak koruna (WWII) · Yugoslav krone |
| As a denomination | British crown |
