Czech Koruna
Koruna česká
Currency Code
CZK
ISO 203
Symbol
CZK
Native: Kč
Decimal Digits
2
Rounding: 0
Countries
CZ
Using this currency
Currency Units
Major Unit
Name: koruna
Symbol: Kč
Minor Unit
Name: haléř
Symbol: h
Value: 0.01
Banknotes
Frequently Used
100 Kč200 Kč500 Kč1000 Kč2000 Kč5000 Kč
Coins
Frequently Used
1 Kč2 Kč5 Kč10 Kč20 Kč50 Kč
Plural Forms
English Plural
Czech korunas
Native Plural
Koruny české
Overview
The Czech Koruna is the currency of the Czech Republic, managed by the Czech National Bank. It has been free-floating since 1997 and is one of Central Europe's most stable currencies, representing a successful transition economy.
Economy
- Czech Republic is a member of EU, NATO, OECD, Visegrád Group, Council of Europe.
- Main industries include: Motor vehicles, Metallurgy, Machinery, Glass, Armaments.
- Czech Republic is part of the World Trade Organization.
- Imports are machinery, transport equipment, raw materials, fuels, chemicals.
- Major exports include machinery, transport equipment, raw materials, fuel, chemicals.
- GDP: $295.7 billion (2023 est.).
- GDP per capita: $27,678 (2023 est.).
- Unemployment rate: 2.4% (2023 est.).
- Inflation rate: 10.7% (2023 est.).
- Main trading partners: Germany, Slovakia, Poland, China, Austria, Italy.
- Trade agreements: EU Single Market, Various bilateral agreements.
History
- Previous currencies used: Czechoslovak koruna, Austro-Hungarian krone.
- The koruna was introduced in 1993 after the dissolution of Czechoslovakia, replacing the Czechoslovak koruna. It has maintained relative stability and strength among emerging market currencies.
- 1993: CZK introduced after Czechoslovakia split
- 1997: Adoption of managed float
- 2004: EU membership achieved
- 2013-2017: Exchange rate floor against EUR (27 CZK/EUR)
- 2017: Return to free floating
- 2019: Euro adoption target postponed indefinitely
- Exchange rate peg: Managed float with EUR floor (2013-2017).
- Exchange rate peg: Free floating (1997-2013, 2017-present).
General Information
- ISO 4217 Code: CZK
- Symbols: CZK/Kč
- Currency Subunits: 100 haléřů
- Central Bank: Czech National Bank
- Monetary Policy: Inflation targeting with 2% target. Free-floating exchange rate with occasional interventions during extreme volatility.
- Bills: 100 CZK, 200 CZK, 500 CZK, 1000 CZK, 2000 CZK, 5000 CZK
- Coins: 1 koruna, 2 koruny, 5 korun, 10 korun, 20 korun, 50 korun
- USD Exchange Rate: Variable (approximately 22-23 CZK per USD)
- Pegged To: None (Floating)
- Capital: Prague
- Population: 10,698,896 (2023 est.)
- Area: 78,867 km²
- Languages: Czech (official), Slovak, German
- Time Zones: UTC+1 (CET), UTC+2 (CEST in summer)
- Government Type: Parliamentary republic
- Head of Government: President (head of state), Prime Minister (head of government)
- Independence: January 1, 1993 (Czechoslovakia split)
- Ethnic Groups: Czech 57.3%, Moravian 3.4%, Slovak 0.7%, Other 38.6%
- Religions: Roman Catholic 7%, Protestant 1%, Other 1%, Unspecified 72%, None 19%
- Literacy Rate: 99% (2011 est.)
- Transport: Václav Havel Airport Prague, extensive road and rail networks, metro system in Prague
- Communications: Advanced telecommunications, 84% internet penetration, comprehensive 4G/5G coverage
- Energy: Coal 35%, Nuclear 35%, Natural gas 8%, Renewables 22%
- Countries Using This Currency: Czech Republic
- Data Sources: Central Bank: Czech National Bank (cnb.cz), Economic Data: Czech Statistical Office, World Bank, IMF, Trade Data: Czech Customs Administration, Demographic Data: Czech Statistical Office, Geographic Data: Czech Hydrometeorological Institute, Historical Data: Czech National Bank archives
- Last Updated: 2025