Czech koruna 1307572 224262177 2008-07-08T01:33:11Z Russavia 253448 add redirect temp {{redirect|CZK}} {{Infobox Currency | currency_name_in_local = koruna česká <small>{{cs icon}}</small>| iso_code = CZK | using_countries = {{flag|Czech Republic}} | inflation_rate = 2.4% | inflation_source_date = [http://www.cnb.cz/www.cnb.cz/en/statistics/sdds/index.jsp#PriceIndices Czech National Bank], August 2007 | inflation_method = [[Consumer price index|CPI]] | subunit_ratio_1 = 1/100 | subunit_name_1 = haléř | symbol = Kč | symbol_subunit_1 = h | plural_slavic = Y| frequently_used_coins = 1, 2, 5, 10, 20, 50 Kč | rarely_used_coins = 50 h | coin_article = Coins of the Czech koruna | frequently_used_banknotes = 50, 100, 200, 500, 1000, 2000, 5000 Kč| rarely_used_banknotes = 20 Kč| banknote_article = Banknotes of the Czech koruna | issuing_authority = [[Czech National Bank]] | issuing_authority_website = www.cnb.cz | }} The '''Czech koruna''' (''koruna'' means "crown") has been the currency of the [[Czech Republic]] since [[February 8]], [[1993]] when it and [[Slovak koruna|its Slovak counterpart]] both replaced the [[Czechoslovak koruna]] at par. Now 1 CZK is worth around 1.25 SKK. The official name in [[Czech language|Czech]] is ''koruna česká'' (the [[plural]] form is ''koruny české'', but the genitive plural form ''korun českých'' is usually found on banknotes). The [[ISO 4217]] code is CZK and the local acronym is Kč, which is placed after the numeric value (e.g., "50 Kč"). One koruna equals 100 ''[[heller (money)|haléřů]]'' (abbreviated as "h", [[Grammatical number|singular]]: ''haléř'', nominative [[plural]]: ''haléře''). The koruna has been fully convertible since 1995 and began to float in 1999.<ref>[http://rate-exchange.org/currency/czech-koruna.cfm RATE-EXCHANGE.org - Czech Currency / Czech Koruna<!-- Bot generated title -->]</ref> The Czech Republic planned to adopt the [[Euro]] in [[2012]], but its government suspended that plan in 2007.<ref>[http://www.radio.cz/en/news/94849 Radio Prague - News<!-- Bot generated title -->]</ref> In January 2008, the [[Czech National Bank]] governor [[Zdeněk Tůma]] said that the Czech Republic can adopt the Euro in [[2019]]<ref>[http://www.praguemonitor.com/en/243/czech_business/16567/ ČNB governor: ČR could join euro in 2019 - Prague Daily Monitor - 03.01.2008<!-- Bot generated title -->]</ref>. ==Coins== [[Image:Coin-50kc.jpg|thumb|50Kč coin|right|150px]] {{main|Coins of the Czech koruna}} In 1993, coins were introduced in denominations of 10, 20 and 50 haléřů, 1, 2, 5, 10, 20 and 50 korun. The haléřů denominations were struck in aluminium, the 1, 2 and 5 korun in nickel-plated steel, the 10 korun in copper-plated steel, the 20 korun in brass-plated steel and the 50 korun with a brass-plated steel centre and a copper-plated steel ring. The 10 and 20 haléřů coins were taken out of circulation by [[31 October]] [[2003]]. Coins are currently in circulation are the 50 haléřů, 1, 2, 5, 10, 20 and 50 korun (20 korun is more commonly found as coins, whereas 50 korun is more common as a banknote). The coins all feature the Czech lion on the obverse, with the reverse featuring the value. Since 1997, sets for collectors are also issued yearly with proof quality coins. In 2000, the 10 and 20 korun coins were minted with different obverses to commemorate the [[Millennium]]. In the beginning coins were minted in Hamburg then in the Czech Republic. There's also a tradition of issuing commemorative coins - including silver and gold coins - for numismatic purposes. The 50 haléřů coin will as of [[31 August]] [[2008]] cease to be legal tender. The Central Bank says their withdrawal is due to their diminishing circulation and purchasing power. That is because only 10% of coins are returned to the central bank, or 41 million out of 410 million in circulation.<ref>http://www.cnb.cz/en/public/media_service/press_releases_cnb/2007/070802_50heller.html Accessed 2008/01/20</ref> ==Banknotes== {{main|Banknotes of the Czech koruna}} The first Czech banknotes issued in 1993 consisted of Czechoslovak notes with adhesive stamps affixed to them. Only the 100, 500 and 1000 korun denominations were overstamped, the lower denominations circulated unchanged during this transitional period. The former circulated until end-August, the latter until end-July. A newly designed series of banknotes of denominations 20, 50, 100, 200, 500, 1000, 2000 and 5000 korun were introduced later in 1993 and in 1994 and are all in use as of 2006 - except for the first versions of 1000 and 5000 korun notes, since the security features of these notes were upgraded in the subsequent issues (However, the 2000 note is still valid in both versions, with and without the new security features). These banknotes feature renowned Czech persons on the obverse and abstract compositions on the reverse. Modern protective elements can be found on all banknotes. ==Consumer price index== {| class="wikitable sortable" |+Consumer price index !Year!![[Consumer price index|CPI]]<ref>[http://www.czso.cz/eng/redakce.nsf/i/inflation_rate Inflation rate | ČSÚ<!-- Bot generated title -->]</ref> |- |align="right"| 1993 ||align="right"|20.8<ref>[http://www.imf.org/external/pubs/ft/weo/weo0598/pdf/0598sta.pdf IMF World Economic Outlook, May 1998-Statistical Appendix<!-- Bot generated title -->]</ref> |- |align="right"| 1994 ||align="right"|10.0 |- |align="right"| 1995 ||align="right"|9.1 |- |align="right"| 1996 ||align="right"|8.8 |- |align="right"| 1997 ||align="right"|8.5 |- |align="right"| 1998 ||align="right"|10.7 |- |align="right"| 1999 ||align="right"|2.1 |- |align="right"| 2000 ||align="right"|3.9 |- |align="right"| 2001 ||align="right"|4.7 |- |align="right"| 2002 ||align="right"|1.8 |- |align="right"| 2003 ||align="right"|0.1 |- |align="right"| 2004 ||align="right"|2.8 |- |align="right"| 2005 ||align="right"|1.9 |- |align="right"| 2006 ||align="right"|2.5 |- |align="right"| 2007 ||align="right"|2.8 |} {{Exchange Rate|CZK}} * [http://www.kurzy.cz/english/czech-currency-rates/ Czech currency Exchange rates] from Czech banks and exchange offices == References == {{Reflist}} ==See also== * [[Commemorative coins of the Czech Republic]] * [[Czechoslovak koruna]] * [[Slovak koruna]] * [[Bohemian and Moravian koruna]] * [[Czech euro coins]] * [[Economy of the Czech Republic]] ==External links== * [http://www.cnb.cz/en/czech_legal_tender/banknotes/ Czech banknotes], Czech National Bank * [http://www.cnb.cz/en/czech_legal_tender/coins/ Czech coins], Czech National Bank {{Standard numismatics external links | world_coin_gallery_1_url = Czechrep | world_coin_gallery_1_name = Czech Republic | banknote_world_1_url = czech_republic | banknote_world_1_name = Czech Republic | dollarization_1_url = | dollarization_1_name = | gfd_1_url = Czechoslovakia/The_Czech_Republic | gfd_1_name = Czechoslovakia/The Czech Republic | gfd_data_1_url = | gfd_data_1_name = | show_gfd_excel = Y }} {{Historical currencies of Czechia|state=collapsed}} {{Crown}} {{Euro topics}} {{Currencies of Europe}} [[Category:Economy of the Czech Republic]] [[ar:كرونة تشيكية]] [[az:Çex kronu]] [[bs:Češka kruna]] [[bg:Чешка крона]] [[ca:Corona txeca]] [[cs:Koruna česká]] [[da:Tjekkiske kroner]] [[de:Tschechische Krone]] [[et:Tšehhi kroon]] [[el:Κορόνα Τσεχίας]] [[es:Corona checa]] [[eo:Ĉeĥa krono]] [[fr:Couronne tchèque]] [[ko:체코 코루나]] [[hr:Češka kruna]] [[bpy:চেক কোরুনা]] [[id:Koruna Ceko]] [[it:Corona ceca]] [[hu:Cseh korona]] [[mr:चेक कोरुना]] [[nl:Tsjechische kroon]] [[ja:チェコ・コルナ]] [[no:Koruna]] [[pl:Korona czeska]] [[pt:Coroa checa]] [[ro:Coroană cehă]] [[ru:Чешская крона]] [[sk:Česká koruna (mena)]] [[sl:Češka krona]] [[sr:Чешка круна]] [[sh:Češka kruna]] [[fi:Tšekin koruna]] [[sv:Tjeckisk krona]] [[th:โครูนาเช็ก]] [[vi:Koruna (Séc)]] [[tg:Корунаи Чехия]] [[uk:Крона чеська]] [[zh:捷克克朗]]