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The first banknotes of the third Czechoslovak koruna were issued by the Communist Party of Czechoslovakia in denominations of 1, 3 and 5 korun (state notes) and by the State Bank in denominations of 10, 25, 50 and 100 korun (banknotes). From 1958, new 25, 10, 100 and finally 50 Kčs banknotes were designed, and the state notes were gradually ...
List of all European currencies Country Present currency Currency sign ISO 4217 code Fractional unit Previous currency Albania lek [10]: L ALL qindarke: none Andorra euro [11] ...
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). The ISO 4217 code is CZK and the local acronym is Kč, which is placed after the numeric value (e.g., "50 Kč") or sometimes before it (as is seen on the 10 ...
The Czechoslovak National Bank took over production in 1926, issuing notes for 10, 20, 50, 100, 500 and 1000 korun. The new designs were made by Alfons Mucha, one of the founders of Art Nouveau and a Slavic nationalist. The urgency of the task led him to reuse a previous portrait of Josephine Crane Bradley as Slavia for the 100 koruna bill. [1]
The third were locally printed notes issued by the government in denominations of 1, 5, 10, 20, 50, 100, 500, 1000 and 2000 korun. The fourth were issues of the National Bank of Czechoslovakia, in denominations of 1000 and 5000 korun. The National Bank issued 500 korun notes from 1946, whilst the government continued to issue notes between 5 ...
A redesigned series of 5, 10 and 20 heller coins (without 1 h, which had almost gone out of practical use by then) was released in 1977, 1974 and 1978, respectively. 3 and 5 crown coins were introduced in 1965 and 1966, respectively, with 20h and 2 koruny coins added in 1972. 10 korun coins were introduced in 1990.
The euro was established in 1999, but "for the first three years it was an invisible currency, used for accounting purposes only, e.g. in electronic payments". [2] In 2002, notes and coins began to circulate. The euro rapidly took over from the former national currencies and slowly expanded around the European Union.
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. Consequently, the implementation of the Euro was suspended indefinitely. [2]