Czech koruna

Czech koruna
koruna česká  (Czech)
koruna banknotes as of 2014
ISO 4217
Code	CZK
Denominations
Subunit
1/100	haléř (defunct)
Plural	The language(s) of this currency belong(s) to the Slavic languages. There is more than one way to construct plural forms.
Symbol	Kč
haléř (defunct)	h
Banknotes
Freq. used	100, 200, 500, 1000, 2000 Kč
Rarely used	5000 Kč
Coins
Freq. used	1, 2, 5, 10, 20, 50 Kč
Demographics
User(s)	Czech Republic
Issuance
Central bank	Czech National Bank
Website	www.cnb.cz
Valuation
Inflation	2.2%
Source	Czech Statistical Office, January 2017
Method	CPI

The koruna (sign: Kč; code: CZK) is the currency of the Czech Republic since 1993, and in English it is sometimes referred to as Czech crown. The koruna is one of European Union's 11 currencies, and the Czech Republic is legally bound to adopt the euro currency in the future.

The official name in Czech is koruna česká (plural koruny české, though the zero-grade genitive plural form korun českých is used on banknotes and coins of value 5 Kč or higher). 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 haléřů (abbreviated as "h", singular: haléř, nominative plural: haléře, genitive plural: haléřů – used with numbers higher or equal to 5 – e.g. 3 haléře, 8 haléřů), but haléře have been withdrawn, and the smallest unit of currency is 1 kč.

The Czech koruna replaced the Czechoslovak koruna when it was introduced in 1993 after the dissolution of Czechoslovakia. It first consisted of overstamped 20, 50, 100, 500, and 1000 Czechoslovak koruna banknotes, but a new series was properly introduced in 1993.

In November 2013, the Czech National Bank has intervened to weaken the exchange rate of the koruna through a monetary stimulus in order to stop the currency from excessive strengthening. In late 2016, the CNB stated that the return to conventional monetary policy was planned for mid-2017.