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Czech Republic Prague Currency - Koruna

Currency of Czech republic is Czech Koruna.

The official name in CZK is koruna česká (the plural form is koruny české, but the genitive plural form korun českých is usually found on banknotes). The code is CZK and the local acronym is Kč, which is placed after the numeric value (e.g., "50 Kč

Bank notes are in denominations of 20, 50,100, 200, 500, 1000, 2000 and 5000 CZK. Coins are of 10, 20 and 50 CZK. Koruna is then divided into 100 halers (h). Coins are of 10, 20 and 50h. The Czech crown has been fully convertible since 1991. Czech Republic ( Prague)  expects to use the Euro currency in year 2010. 

In terms of cost, Prague is a bit cheaper than – say London and Paris. Although locals complain that its getting more and more expensive, may be because of joining the EU.

I definitely found supermarkets to be a bit cheaper and hotels etc. outside of city center are definitely cheaper. Even though Korunas is the official currency in Czech Republic, I found Euros to be equally acceptable in hotels, slightly bigger sized establishments. In fact a local shop accepted Euros from me without raising eyebrows.

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