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In 1993, on the breakup of Czechoslovakia, the Czechoslovak koruna split into two independent currencies: the Slovak koruna and the Czech koruna. Accession to the EU in 2004 meant both currencies were slotted to be replaced by the euro once their respective countries met the criteria for economic convergence and there was the political will to ...
The CNB maintains exclusive rights to issue and regulate banknotes and coins. The Bank oversees the legal and technical protection of the currency, the Koruna (also called the Crown). The Czech Republic was scheduled to adopt the Euro in 2010, but due to popular opinion, the Czech government opted to stay with the crown.
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. The official name in Czech is koruna česká (plural koruny české , though the zero-suffixed genitive plural form korun českých is used on banknotes and coins of value 5 Kč or higher).
Between 1946 and 1948, 20 and 50 haléřů and 1 and 2 koruny coins were introduced. The lower two denominations were struck in bronze, the higher two in cupro-nickel. The designs of all but the 2 koruny were based on those of the interwar coins but the coins were smaller.
Bohemian and Moravian koruna: 1939–1945 Replaced by Czechoslovak koruna. Czechoslovakia: Czechoslovak koruna: 1919–1939; 1945–1993 Replaced by Czech koruna and Slovak koruna. [2] Estonia: Estonian kroon: 1928–1940; 1992–2011 Soviet rouble used in-between. Replaced by euro. Free State of Fiume: Fiume krone: 1919–1920 Replaced by ...
Tuzex was a series of state-run shops in Czechoslovakia from 1957 to 1992 which did not accept normal Czechoslovak koruna currency but only vouchers which could be purchased from banks using foreign currency. They supplied luxury items: local goods in short supply and in particular foreign goods.
In 1945, four kinds of banknotes of Czechoslovak koruna were introduced. The first were issues of Bohemia and Moravia and Slovakia, to which adhesive stamps were affixed. Denominations issued were 100, 500 and 1000 korun.
2 Czechoslovak koruna (1986). Obverse: Coat of arms of Czechoslovakia and linden twig surrounded by year and lettering "ČESKOSLOVENSKÁ SOCIALISTICKÁ REPUBLIKA" (Republic of Czechoslovakia). Reverse: Hammer and sickle with five-pointed star within abstract linden leaf at left, face-value at right. 205,779,354 coins minted from 1972 to 1990.