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Learn about the history, features and exchange rate of the Czech koruna, the currency of the Czech Republic since 1993. Find out how the koruna relates to the euro and the Czech National Bank.
The Czech Republic is a candidate for the eurozone enlargement and uses the Czech koruna as its currency. It is not bound by any target date or opt-out for joining the euro, but faces public opposition and economic challenges.
The ERM II is a system to reduce exchange rate variability and achieve monetary stability in Europe. It links currencies of EU countries outside the eurozone to the euro, and has two participants as of March 2024: the Danish krone and the Bulgarian lev.
The euro is the official currency of most EU member states, except Denmark, which has an opt-out. The former Belgian franc was one of the currencies that yielded to the euro in 2002, along with the Austrian schilling, the Cypriot pound, the Dutch guilder, the Estonian kroon, the Finnish markka, the French franc, the German mark, the Greek drachma, the Irish pound, the Italian lira, the Latvian ...
Exchange rate stability: ... (CZK) Free floating 2004-05-01 None Assessment of joining ERM-II to be completed by October 2024 [24] Compliant with 2 out of 5 criteria
The Czechoslovak koruna (Kčs) was the currency of Czechoslovakia from 1919 to 1993, and of both Czech Republic and Slovakia for a brief time. The symbol of the koruna was Kčs, and it was divided into 100 haléřů or halierov.
Learn about the 29 currencies used in the 50 countries of Europe, including the euro, the most commonly used currency in the region. Find out the currency sign, ISO code, fractional unit and previous currency of each country.
Learn about the global decentralized market for trading currencies, its history, characteristics, and participants. Find out how foreign exchange rates are determined, how they affect international trade and investments, and how they are used for speculation and hedging.