The official Czech currency of the Czech Republic is named the Czech crown, its abbreviation is Kč and its international equivalent is CZK. One crown consists of one hundred hellers (which are abbreviated as hal). However, hellers have ceased to exist in the first of September 2008. But they are still a part of merchandise prices so the final price is rounded off to the nearest crown value.
Be careful about travel scams in Prague and changing money
Czech currency – Value, coins and banknotes
The approximate value of one hundred Czech crowns is 3,7 Euro or four American dollars. There are these types of coins: 1 Kč, 2 Kč, 5 Kč, 20 Kč, 50 Kč and these types of Czech banknotes: 100 Kč, 200 Kč, 500 Kč, 1000 Kč, 2000 Kč, 5000 Kč.
Payment in Euro or in Czech currency?
The Czech currency – Czech crown is the official currency and it is the most often use of paying (even though the Czech Republic is a part of European Union, the Euro has not been accepted yet). Some services, shops, restaurants, hotels accept euros; however, the exchange rate is not very convenient.
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Useful tips how to avoid troubles with Czech currency
You should change money in a bank or take it out of ATM machine which is quite suitable way of getting money. Be careful about travel scams in Prague and changing money in exchange offices as they often want tourist to pay higher commission or getting a bad rate not knowing it. Tourist should not change money on the street as they can be robbed or cheated. They are often given another currency, for example Hungarian forint (HUF) or Bellorussians Rubbles or Ukrainian hryvnia (UAH) It is not advisable to carry large amounts of cash. It is better to take a credit card and withdraw money from a cash machine. Credit cards are also use for making payment in many locations.