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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.
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 Czech Republic officially joined the European Union on 1 May 2004. The original intention of the Czech National Bank was to adopt the Euro, but after relatively strong economic progress within the Czech Republic and a favorable national attitude for the Czech Koruna there are no current plans to change the currency.
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 ...
Czech Republic and the euro; I. ... Prague groschen This page was last edited on 27 January 2019, at 01:14 (UTC). Text is available under the Creative Commons ...
Several countries use currencies which translate as "crown": the Czech koruna, the Norwegian krone, the Danish krone, the Icelandic króna, and the Swedish krona. [ 7 ] At present, the euro is legal tender in 20 out of 27 European Union member states, [ 8 ] in addition to 6 countries not part of the EU ( Monaco , San Marino , Vatican City ...
In 2014, GDP in the Czech Republic increased by 2% and is predicted to increase by 2.7% in 2015. In 2015, Czech Republic's economy grew by 4,2% and it's the fastest growing economy in the European Union. [49] On 29 May 2015, it was announced that growth of the Czech economy has increased from calculated 3,9% to 4,2%. [50]
The Czech National Bank issues 200 / 500 Koruna (Kč) silver commemorative coins and golden commemorative coins of various denominations. The golden coins are issued in thematic sets – Bohemian crown set, Charles IV set, Ten centuries of architecture set, Industrial Heritage Sites set and Bridges in the Czech Republic set.