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The Czech Koruna is the currency of the Czech Republic and has been since 8th
February 1993. Its official name is ‘koruna Ceska’ and is represented as ‘kc’
after a numeric value. One koruna is equal to a 100 haleru and the currency code
is CZK. The Czech Republic had intended to implement the Euro in 2012, but due
to political disinclination, it is not expected to happen before 2015. So, in
the meantime the koruna remains in use.
Currently in circulation
Coins in the denominations of 10, 20, and 50 haleru and 1, 2, 5, 10, 20 and 50
koruna were introduced in 1993. As for banknotes, the denominations available
are 50, 100, 200, 500, 1000, 2000 and 5000 koruna. The notes feature well-known
Czech personalities on one side while the other contains an abstract design.
Exchange facilities and traveller’s cheques
If you are travelling to the Czech Republic and you need to change
currency, you can easily avail yourself of the bureau de change
facilities that are accessible at various places. For example the banks,
hotels, airports and so on. Some banks offer you the facility of
purchasing traveller’s cheques of all issuing banks and even allow you a
cash advance against credit cards.
Using credit/debit cards
You can even use your international credit or debit cards to withdraw
money from many of the money dispensing machines or better known as the
ATM’s. These cards can be used to make purchases too. Visa and
Mastercard are the most widely accepted cards just as they are in almost
every part of the world.
Restrictions
If you are travelling to or arriving from another E.U. country there are
no restrictions as to the amount of foreign or local currency you can
carry. However, if you are coming in from or travelling to a country
outside of the E.U. then any amount beyond EUR 10,000 or corresponding
to another currency including banker’s draft and cheques must be
declared.
Czech Republic: an overview
The Czech Republic, which is situated at the very heart of central
Europe, is a country of enormous cultural heritage and natural wonders.
This picturesque country encircled by mountain ranges is also where you
will find the most number of recognised World Heritage Sites.
Although the costs of living are going up, in comparison to its European
counterparts, the Czech Republic is still inexpensive as far as the
basic necessities are concerned. A meal for two at a medium range
restaurant would cost you about CZK 600, which is around EUR 26.09/GBP
20.69/USD 41.38. A bottle of Czech wine in the markets would be around
CZK 80, which is equivalent to EUR 3.48/GBP 2.76/USD 5.52.
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