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The koruna, or crown (sign: Kč; code: CZK, Czech: koruna česká), has been the currency of the Czech Republic since 1993. The koruna is one of the European Union's eight currencies, and the Czech Republic is legally bound to adopt the euro in the future.
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 25 countries); any country entering the European Union (EU) is expected to join the eurozone [ 1 ] when they meet the five convergence criteria. [ 2 ]
US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica
Czech Republic: Czech koruna: Kč CZK Heller: 100 Denmark: Danish krone: kr DKK Øre: 100 Djibouti: Djiboutian franc: Fdj DJF Centime: 100 Dominica: Eastern Caribbean dollar: EC$ XCD Cent: 100 Dominican Republic: Dominican peso $ DOP Centavo: 100 East Timor: United States dollar $ USD Centavo: 100 Ecuador: United States dollar $ USD Centavo ...
The Czech Republic also receives €24.2bn between 2014 and 2020 from the European Structural and Investment Funds, [60] [61] however, this sum does not outweigh the amount of capital outflow of profits of foreign owned firms from the Czech Republic into other EU members, at which the funds are aimed to compensate for.
This infobox shows the latest status before this currency was rendered obsolete. Republic of Czechoslovakia 10 Korun note (1919, provisional and first issue). The Czechoslovak koruna (in Czech and Slovak : koruna československá , at times koruna česko-slovenská ; koruna means crown ) was the currency of Czechoslovakia from 10 April 1919 to ...
The European Union membership referendum in 2003 approved the country's accession with 77.3% in favour, and in 2004 the Czech Republic joined the EU. [6]Since joining the EU in May 2004, the Czech Republic has adopted fiscal and monetary policies that aim to align its macroeconomic conditions with the rest of the European Union.
Currency Period Notes Czech Republic: Czech koruna: 1993–present Replaced Czechoslovak koruna. Denmark: Danish krone: 1873–present Replaced Danish rigsdaler Faroe Islands: Faroese króna: 1949–present Form of Danish krone. Iceland: Icelandic króna: 1922–present Replaced Danish krone. Norway: Norwegian krone: 1875–present
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