In this article, we will explore the currency used in Prague, Czech Republic. If you are planning to visit this beautiful city, it is essential to have a good understanding of the local currency to ensure a smooth and hassle-free experience during your stay.
What is the Currency in Prague?
The official currency of Prague, as well as the entire Czech Republic, is the Czech koruna (CZK). It is abbreviated as Kč and pronounced as “koruna.” The currency symbol for the Czech koruna is usually written as “Kč”.
History of the Czech Koruna
The Czech koruna has a rich history dating back to 1993 when it was introduced after the dissolution of Czechoslovakia into two separate nations – the Czech Republic and Slovakia. Before that, the currency used in both countries was the Czechoslovak koruna.
Fact: The word “koruna” translates to “crown” in English.
Banknotes and Coins
The banknotes in circulation for the Czech koruna are denominated in 1000 Kč, 500 Kč, 200 Kč, 100 Kč, 50 Kč, 20 Kč, and 10 Kč. Each banknote features prominent personalities from Czech history and iconic landmarks across the country.
- 1000 Kč: Features Charles IV on one side and St. Vitus Cathedral on the other.
- 500 Kč: Showcases Jan Amos Comenius on one side and his portrait on another.
- 200 Kč: Depicts Jan Evangelista Purkyně, a famous physiologist, and his brain diagram.
- 100 Kč: Displays František Palacký, a historian, on one side and his portrait on the other.
- 50 Kč: Features Tomáš Garrigue Masaryk, the first Czechoslovak President.
- 20 Kč: Depicts Božena Němcová, a prominent Czech writer.
- 10 Kč: Showcases Alois Rasin and his invention of the arc lamp.
The coins in circulation include 50 Kč, 20 Kč, 10 Kč, 5 Kč, 2 Kč, and 1 Kč. Each coin has a distinct design and is commonly used for smaller transactions.
Currency Exchange in Prague
If you are traveling to Prague from another country, you may need to exchange your currency for Czech koruna. Fortunately, Prague has numerous exchange offices located throughout the city where you can convert your money into CZK. It is advisable to compare exchange rates and fees before making any transactions to get the best value for your money.
Tip: Avoid exchanging money at airports or touristy areas as they often offer less favorable rates compared to local exchange offices.
Using Credit Cards and ATMs
In Prague, credit cards are widely accepted in most hotels, restaurants, shops, and tourist attractions. However, it is always recommended to carry some cash for smaller establishments or places that may not accept cards.
You can find ATMs (Automated Teller Machines) conveniently located throughout the city. These ATMs accept major international debit and credit cards, allowing you to withdraw Czech koruna directly from your bank account. Keep in mind that some ATMs may charge a withdrawal fee, so it’s advisable to check with your bank regarding any potential fees.
Conclusion
Now that you have a better understanding of the currency in Prague, you can confidently navigate the city’s financial landscape during your visit. Whether you are exploring historical sites, enjoying local cuisine, or shopping for souvenirs, knowing how to handle Czech koruna will enhance your overall experience in this vibrant city.
Remember to exchange your currency at trustworthy places and carry some cash while also utilizing credit cards and ATMs for added convenience.