Are you planning a trip to Prague and wondering what the local currency is called? Well, you’re in the right place! In this article, we will explore what the money in Prague is called and provide you with some useful information about it.
The Currency of Prague
The official currency of Prague is the Czech koruna (CZK). The koruna is abbreviated as Kč, and it is divided into 100 haleru.
The coins are available in denominations of 1, 2, 5, 10, 20, and 50 haleru as well as 1, 2, 5, 10, 20, and 50 korunas. Banknotes are available in denominations of 100, 200, 500, 1000, 2000, and even higher values.
Where to Exchange Your Money?
If you’re traveling to Prague from a foreign country, you’ll need to exchange your currency for Czech korunas. There are several places where you can do this:
- Banks: Banks offer competitive exchange rates and are generally considered a reliable option. However, keep in mind that banks may have limited hours of operation.
- Exchange Offices: Exchange offices are widespread throughout Prague and can be found at airports, train stations, city centers, and tourist areas. However, be cautious when using exchange offices as some may charge high commission fees or offer unfavorable rates.
It’s advisable to compare rates before making any transactions.
- ATMs: ATMs are widely available throughout Prague. Using ATMs can be convenient as they usually offer competitive exchange rates. However, check with your bank regarding any fees or charges for international withdrawals.
Using Credit Cards
Most places in Prague, including hotels, restaurants, and shops, accept major credit cards such as Visa and Mastercard. It’s always a good idea to carry some cash with you for smaller establishments that may not accept cards or for situations where card payments are not possible.
Important Tips
Here are some important tips to keep in mind when dealing with money in Prague:
- Notify Your Bank: Before traveling to Prague, inform your bank about your trip to avoid any issues with your credit or debit card usage.
- Beware of Scams: Be cautious when exchanging money or using ATMs. Avoid street vendors offering currency exchange at suspiciously high rates and always cover your PIN when using ATMs.
- Keep Small Change: Having small denominations can be useful for public transportation, tipping, or making small purchases.
In conclusion, the currency of Prague is the Czech koruna (CZK), and it is advisable to exchange your currency at banks or reputable exchange offices. Credit cards are widely accepted but having some cash on hand is recommended. By following these tips, you can ensure a smooth financial experience during your visit to Prague!