- Monetary unit:
- the Country code:
- Czech Republic
- Czech krone
- of 78 864 sq. km
- Czech (state)
- CZ (CZE) 203
The Czech republic is an exhibiting country the European Union .
National monetary unit of Czechia is
The Czech krone making 100 haliers. The international designation - CZK . Now, notes participate in a country money turnover of denomination of 100, 200, 500, 1000, 2000 and 5000 crowns.
Czechia throughout 4 centuries was under power Gabsburgov, being a part of Austro-Hungary. And only as a result of the First World War has found independence. In October, 1918 Czechia was aggregated with Slovakia having created a new independent state - Czechoslovakia.
The Czechoslovak krone is entered into 1919 (the law from February, 25th, 1919) by rubber stamping of notes of Austro-Hungarian bank. Rubber stamping has been spent in territory of Czechia and Moravia in March, 1919, in territory of Slovakia - in October, 1920 the Law from April, 10th, 1919 stamped notes (and also coins and notes in 1 and 2 crowns which were not stamped) have been recognised by a lawful legal tender in Czechoslovak Republic.
The Czechoslovak krone till November, 1929 had no fixed gold content. The krone exchange rate was defined in relation to Swiss franc. In November, 1929 the currency restrictions acting since the First World War have been cancelled, and free convertibility of a Czechoslovak krone is entered into foreign exchanges and gold. On October, 2nd, 1931 convertibility of a krone was currency restrictions are cancelled and again entered.
In days of fascist occupation in connection with a country partition in its territory crowns Protectorate of Czechia and Moravia, Slovak crowns, DM, Hungarian a penge, the Polish zlotys addressed. After clearing of the country from October, 29th till November, 4th, 1945 the people's democratic government has spent currency reform. Old token moneys interchanged on new crowns within 500 krones on one person on a parity 1:1.
In June, 1953 currency reform is spent and the standard of price (5: 1) is changed.
On January, 1st, 1993 the country was peacefully divided into Czechia and Slovakia. In 1995 Czechia among all were socialist countries has been accepted by the first in the economic complementation and development Organization. Czechia has entered the NATO in 1999 and in the European union in 2004, enters into the Schengen zone.
A Series of notes 20, 50, 100, 200, 500, 1000 and 5000 crowns with new design has been entered in the end of 1993 and till now is used in circulation - except for the first versions of denominations of 1000 and 5000 crowns for which in the subsequent issues functions of protection against a fake have been updated. All these notes on face side bear the plotting of known Czechs and abstract compositions on the back. Modern protective elements are present on all notes.
Notes of 20 crowns left the circulation since August, 31st, 2008, and issue of 50 crowns has been terminated since April, 1st, 2011.
It is updated 05.2012