What is the currency of the Czech Republic?

The currency of the Czech Republic is the Czech koruna.

The Czech koruna, meaning “Czech crown,” has the ISO code CZK and the symbol Kč. It became the currency of the Czech Republic in 1993, after Czechoslovakia dissolved and the former Czechoslovak koruna was replaced by separate Czech and Slovak currencies. The Czech National Bank is responsible for issuing and managing it.

One koruna was traditionally divided into 100 haléřů, or hellers, but haléř coins were withdrawn from circulation because their value became too small for everyday transactions. Current coins include 1, 2, 5, 10, 20, and 50 Kč, while commonly used banknotes range from 100 Kč to 2,000 Kč. The 5,000-Kč note is issued but used less often.

The Czech Republic is a member of the European Union but does not currently use the euro. It is legally committed to adopting the euro eventually, yet the timetable has been suspended indefinitely. The Czech koruna should not be confused with the former Czechoslovak koruna or Slovakia’s former koruna, both of which ended in 1993.