What Money Does Prague Use?
When planning a trip to Prague, it’s essential to familiarize yourself with the local currency. While the Czech Republic is part of the European Union (EU), it does not use the Euro as its official currency. Instead, Prague uses the Czech koruna (CZK).
Understanding the Czech Koruna
The Czech koruna is abbreviated as CZK and has a symbol, Kč. It’s divided into smaller units called haléř (haléře in plural), where 100 haléře make up one koruna.
Banknotes:
- The banknotes in circulation are 100 Kč, 200 Kč, 500 Kč, 1,000 Kč, 2,000 Kč, and 5,000 Kč.
Coins:
- The coins in circulation are 1 Kč, 2 Kč, 5 Kč, 10 Kč, 20 Kč, and 50 Kč.
Where to Exchange Currency in Prague?
While some establishments in Prague accept Euros or major international credit cards like Visa and Mastercard, it’s advisable to have some Czech koruna on hand for smaller businesses and local markets that may not accept foreign currencies.
If you need to exchange your money into CZK during your visit to Prague:
- Exchange Offices: Look for reputable exchange offices that display clear rates with no hidden fees. Avoid exchanging money at touristy areas or street kiosks as they often offer unfavorable rates.
- Banks: Banks in Prague also provide currency exchange services.
While their rates may be slightly better, they often charge higher fees for the service.
- ATMs: ATMs can be found throughout Prague, and they usually offer competitive exchange rates. However, be aware of any additional fees charged by your home bank for international withdrawals.
Tips for Handling Cash in Prague
Here are a few tips to keep in mind when handling cash in Prague:
- Always Count Your Change: Ensure that you count your change carefully before leaving any establishment to avoid any discrepancies.
- Carry Smaller Denominations: Having smaller denominations can be convenient when paying for smaller purchases or using public transportation.
- Keep Emergency Cash: It’s wise to have some emergency cash stashed away in a secure place, separate from your primary wallet or purse.
- Beware of Pickpockets: Like in any popular tourist destination, it’s essential to stay vigilant and protect your belongings, especially in crowded areas.
In Conclusion
To navigate through Prague comfortably and make hassle-free transactions, it’s crucial to understand the local currency. The Czech koruna (CZK) is widely accepted throughout the city, and having some cash on hand will ensure smooth interactions with local businesses during your visit.
Remember to compare exchange rates, choose reputable exchange offices or ATMs, and handle your cash with caution. Now that you are equipped with this knowledge about the Czech koruna, you can confidently explore all that Prague has to offer!