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The koruna, or crown ( sign: Kč; code: CZK, Czech: koruna česká ), has been the currency of the Czech Republic since 1993. The koruna is one of the European Union 's eight currencies, and the Czech Republic is legally bound to adopt the euro in the future. The official name in Czech is koruna česká (plural koruny české, though the zero ...
The Czech Republic is bound to adopt the euro in the future and to join the eurozone once it has satisfied the euro convergence criteria by the Treaty of Accession since it joined the European Union (EU) in 2004. The Czech Republic is therefore a candidate for the enlargement of the eurozone and it uses the Czech koruna as its currency ...
Several countries use currencies which translate as "crown": the Czech koruna, the Norwegian krone, the Danish krone, the Icelandic króna, and the Swedish krona. [7] At present, the euro is legal tender in 20 out of 27 European Union member states, [8] in addition to 5 countries not part of the EU ( Monaco, San Marino, Vatican City, Andorra ...
The Czechoslovak koruna (in Czech and Slovak: koruna československá, at times koruna česko-slovenská; koruna means crown) was the currency of Czechoslovakia from 10 April 1919 to 14 March 1939, and from 1 November 1945 to 7 February 1993. For a brief time in 1939 and again in 1993, it was also the currency of both the separate Czech ...
Bohemian and Moravian koruna: 1939–1945 Replaced by Czechoslovak koruna. Czechoslovakia: Czechoslovak koruna: 1919–1939; 1945–1993 Replaced by Czech koruna and Slovak koruna. Estonia: Estonian kroon: 1928–1940; 1992–2011 Soviet rouble used in-between. Replaced by euro. Free State of Fiume: Fiume krone: 1919–1920 Replaced by Italian ...
There are eight currencies of the European Union as of 2023 used officially by member states. The euro accounts for the majority of the member states with the remainder operating independent monetary policies. Those European Union states that have adopted it are known as the eurozone and share the European Central Bank (ECB).
In August 2015, Czech GDP growth was 4.4%, making the Czech economy the highest growing in Europe. [ 52] On 9 November 2015, unemployment in the Czech Republic was at 5.9%, the lowest number since February 2009. [ 53] Dividends worth CZK 289 billion were paid to the foreign owners of Czech companies in 2016.
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