When planning a trip to Prague, one of the first things you need to consider is the currency used in the Czech Republic. The official currency of Prague and the entire country is the Czech koruna (CZK). Let’s delve deeper into this topic and understand more about using currency in Prague.
Understanding the Czech Koruna
The Czech koruna, denoted by the symbol “Kč,” is the sole legal tender in Prague. It is important to note that while some establishments might accept euros or other major currencies, it is always recommended to pay in local currency to avoid any discrepancies or unfavorable exchange rates.
Where to Exchange Currency
Exchanging your money for Czech koruna can be done at various places throughout Prague:
- Banks: Banks are considered one of the most reliable places for currency exchange. They offer competitive rates and have a wide range of services available. However, keep in mind that banks usually have limited operating hours.
- Currency Exchange Offices: Currency exchange offices are commonly found throughout Prague.
Look for reputable ones with transparent fees and favorable rates. Avoid exchanging money at tourist-heavy areas as they tend to have higher fees.
- ATMs: ATMs are widely available in Prague, allowing you to withdraw cash using your debit or credit card. However, be aware of potential withdrawal fees imposed by your bank.
Tips for Handling Cash
While using cash is still prevalent in Prague, it’s important to take some precautions when handling your money:
- Maintain Small Denominations: Having smaller bills on hand will come in handy when paying for smaller purchases or using public transportation, as some places might not accept larger bills.
- Keep Your Money Secure: Prague is generally a safe city, but it’s always wise to keep your cash and valuables secure. Consider using a money belt or a secure wallet to avoid any potential pickpocketing incidents.
- Notify Your Bank: Before traveling to Prague, inform your bank about your travel plans. This will prevent any unexpected card blocks due to suspicious activity while you’re abroad.
Using Credit and Debit Cards
In addition to cash, credit and debit cards are widely accepted in most establishments throughout Prague. However, it’s always advisable to carry some cash for places that might only accept cash payments, such as small local shops or markets.
Note that some establishments may charge an additional fee for card transactions, especially for smaller purchases. It’s best to inquire about any potential fees before making a payment.
In Summary
In Prague, the official currency is the Czech koruna (CZK). It is recommended to exchange your money for local currency at banks or reputable currency exchange offices.
While using credit and debit cards is common, having cash on hand is essential, particularly for smaller purchases or in establishments that only accept cash payments. By following these tips and being aware of the local currency practices, you can navigate your way through Prague with ease.