Are you planning to travel to Prague and wondering if you can pay with Euros? Well, the answer is both yes and no. Let’s dive into the details.
What currency is used in Prague?
The official currency of the Czech Republic is the Czech Crown (CZK). One Czech Crown is divided into 100 halers. The banknotes come in denominations of 100, 200, 500, 1000, 2000, and 5000 CZK while coins come in values of 1, 2, 5, 10, 20, and 50 CZK.
Can you pay with Euros in Prague?
While Euro is a widely accepted currency across Europe, it’s not the official currency of the Czech Republic. Therefore, you cannot use Euros as a means of payment in most places in Prague.
However, some tourist-heavy areas such as hotels and souvenir shops may accept Euros. But keep in mind that they may offer unfavorable exchange rates or charge an additional commission fee for accepting Euros.
Where can you exchange currency?
It’s advisable to exchange your currency to CZK before arriving in Prague to avoid any unfavorable exchange rates or commission fees. You can do so at any bank or exchange office (called “smenarna” in Czech).
Make sure to compare the exchange rates at different places before exchanging your money. Also, be wary of exchanging money on the street from random individuals as it’s illegal and you may end up with counterfeit notes or get scammed.
Other means of payment
Apart from cash payments, most places in Prague accept credit/debit cards such as Visa and Mastercard. However, it’s always better to carry some cash with you for small purchases or when visiting places that don’t accept cards.
Conclusion
To sum up, while it’s not impossible to pay with Euros in Prague, it’s not a widely accepted currency. It’s better to exchange your money to Czech Crowns before arriving or use a credit/debit card for payments. Always be cautious when exchanging money and avoid doing so on the street.
- Tip: If you plan on using your credit/debit card in Prague, make sure to inform your bank beforehand to avoid any issues with transactions.
- Fun fact: The Czech Crown has been the official currency of the Czech Republic since 1993 when it replaced the Czechoslovak Koruna.
So, now that you know everything about paying in Prague, go ahead and enjoy your trip without any worries about currency exchange!
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