The official currency used in the Czech Republic is the Czech crown which has the international abbreviation CZK. The Czech Republic has been a member of the EU since May 1 2004, but didn’t enter the Euro Zone yet. You can pay for goods and services in the Czech Republic with cash and cards. There are also a lot of places in Prague where payment can be made in euros – in most retail chains, electronics shops, at petrol stations and in restaurants. There are exchange offices on literally every corner in large towns, especially in Prague.
The official currency in the Czech Republic is the Czech crown (Kč). One crown is divided into 100 hellers (h), though the smallest denomination of coin is the 1 Czech crown piece.
In the Czech Republic you will find coins worth 1 Kč, 2 Kč, 5 Kč, 10 Kč, 20 Kč and 50 Kč.
Banknotes come in the following denominations: 100 Kč, 200 Kč, 500 Kč, 1000 Kč, 2000 Kč and 5000 Kč.
You can change money in the Czech Republic in many places but never on the street! At exchange offices in banks you will pay about 2 % of the total sum in commission. In certain banks there is a minimum fee of 50 Kč. You will pay this only when the 2 % commission comes to less than this amount. In privately run exchange offices it is recommended that you first of all ask for the exact sum you will receive for your money: the sign advertising 0 % commission often relates to buying foreign currency! You can also change money at your hotel reception (about 5% commission).
In the Czech Republic you will find a dense network of ATMs (cash machines) which will accept all major credit and debit cards (Visa, MasterCard, Plus, Maestro, Cirrus and others). The majority of shops and restaurants also accept cards.
American Express, Thomas Cook and Visa customers will have few problems when cashing travellers’ cheques in banks in the Czech Republic. Eurocheques are also widely accepted.