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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 14 March 1939, and from 1 November 1945 to 7 February 1993.
7 February 1993 31 July 1993 Overstamped Czechoslovak banknotes 100 Kč 165 × 81 mm Green Czech: Peasant and worker View of Prague with the castle and the Charles Bridge: 1961 7 February 1993 31 August 1993 500 Kč 153 × 67 mm Brown Slovak: Partisans of the SNP 1944: Devín Castle: 1973 7 February 1993 31 August 1993 1,000 Kč 158 × 67 mm Blue
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.
The Bohemian and Moravian koruna replaced the Czechoslovak koruna at par and was replaced by the reconstituted Czechoslovak koruna, again at par. It was pegged to the Reichsmark at a rate of 1 Reichsmark = 10 koruna and was initially equal in value to the Slovak koruna, although this currency was devalued in 1940.
PRIBOR is defined as follows: PRIBOR (or Prague Interbank Offered Rate) is the average interest rate at which unsecured CZK funds are offered by Panel Banks in the interbank market, just prior to 11.00am local time. [2]
The levy on agricultural land is 0.75% of its value. Other types of land are levied based on their area ranging from CZK 2 to CZK 5 per square meter for business activities and CZK 0.20 in other cases. Previously there was also an acquisition tax that was levied to the buyer at a flat rate of 4%. This was abolished as of 18 September 2020. Cms Law
After the monetary reform in Czechoslovakia, 1953 a new series of coins were introduced. Coins were first issued in denominations of 1, 3, 5, 10, 25 h – the 1, 3 and 5 Kčs denominations only existed as paper money (state notes).
This can be paid online or in selected official selling places with validity of 1 day (200 CZK) 10 days (270 CZK), 1 month (410 CZK) or 365 days (2300 CZK) . The price of the vignettes are reduced by half for cars with LPG/CNG or biomethane costing 100, 130, 200 and 1150 CZK, respectively.