In Prague, the currency used is called the Czech koruna. The koruna is abbreviated as CZK and its symbol is Kč. It is important to familiarize yourself with the local currency when traveling to a new country, as it will be necessary for day-to-day transactions.
Banknotes and coins
The Czech koruna is divided into banknotes and coins. Banknotes come in denominations of 100 Kč, 200 Kč, 500 Kč, 1000 Kč, 2000 Kč, and 5000 Kč. Each banknote features different historical figures or landmarks from Czech history.
Coins in circulation include 1 Kč, 2 Kč, 5 Kč, 10 Kč, 20 Kč, and 50 Kč. The coins have various designs on the obverse side including Czech lion motifs and notable Czech personalities.
Where to exchange currency
When visiting Prague, you will find several options for exchanging your currency into Czech koruna:
- Banks: Banks are a reliable place to exchange your money. They usually offer competitive exchange rates and charge minimal fees.
- Currency Exchange Offices: There are numerous currency exchange offices located throughout Prague.
However, make sure to compare rates and check if they charge any commission or service fees before making an exchange.
- ATMs: Using ATMs (Automated Teller Machines) can be a convenient way to withdraw money in the local currency. However, keep in mind that some banks may charge additional fees for international transactions.
Note: It’s advisable to avoid exchanging currency at hotels or in touristy areas, as they often offer less favorable rates.
Tips for handling cash
When handling cash in Prague, it’s important to keep a few things in mind:
- Carry Sufficient Cash: While credit cards are widely accepted in most establishments, having some cash on hand is useful for small purchases and places that might not accept cards.
- Keep Small Change: Having smaller denominations of coins can be helpful for public transportation, paying for restrooms, or small vendors who may not have change for larger bills.
- Be Mindful of Counterfeit Money: Like any major city, Prague has cases of counterfeit currency. Familiarize yourself with the security features of the Czech koruna and be cautious when receiving large bills from unfamiliar sources.
Conclusion
In conclusion, the currency used in Prague is the Czech koruna (CZK). It is essential to have a basic understanding of the local currency when visiting a foreign country. Familiarize yourself with the banknotes and coins, know where to exchange your money at competitive rates, and follow tips for handling cash to ensure a smooth financial experience during your time in Prague.