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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.
Tuzex voucher for 5 crowns. Tuzex vouchers were originally issued in values of 0.50, 1, 5, 10, 20, 50, 100 crowns and later 500 crowns. However, from 1958 there was a voucher of 71.50 crowns, being issued in exchange for US$10. [2]
In 1993, on the breakup of Czechoslovakia, the Czechoslovak koruna split into two independent currencies: the Slovak koruna and the Czech koruna. Accession to the EU in 2004 meant both currencies were slotted to be replaced by the euro once their respective countries met the criteria for economic convergence and there was the political will to ...
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
Czech koruna: Kč CZK Heller: 100 Denmark: Danish krone: kr DKK Øre: 100 Djibouti: Djiboutian franc: Fdj DJF Centime: 100 Dominica: Eastern Caribbean dollar: EC$ XCD Cent: 100 Dominican Republic: Dominican peso $ DOP Centavo: 100 East Timor: United States dollar $ USD Centavo: 100 Ecuador: United States dollar $ USD Centavo: 100 Egypt ...
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.
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.
Slang terms for money often derive from the appearance and features of banknotes or coins, their values, historical associations or the units of currency concerned. Within a language community, some of the slang terms vary in social, ethnic, economic, and geographic strata but others have become the dominant way of referring to the currency and are regarded as mainstream, acceptable language ...