Czech crowns Buy: 19.5 / Sell: 24.5 / National Bank rate: 22.48

In 1993, following the dissolution of Czechoslovakia, the Czech koruna replaced the Czechoslovak koruna in the new state. Simultaneously, the Slovak koruna was introduced in Slovakia.

In February 1993, the currency separation process began. The Czech National Bank and the Slovak National Bank affixed revenue stamps to Czechoslovak banknotes—in the Czech Republic, on 100, 500, and 1,000 Czechoslovak koruna banknotes, and in Slovakia, on 20 and 50 Czechoslovak koruna banknotes. The circulation of these banknotes was strictly limited to the Czech Republic and Slovakia.

Effective April 1, 2011, 50-crown banknotes were withdrawn from circulation. The Czech National Bank justified this measure by citing that 50-crown coins are more durable than banknotes, thus reducing the costs associated with currency circulation. Therefore, coins in denominations of 1, 2, 5, 10, 20, and 50 crowns, as well as banknotes in denominations of 100, 200, 500, and 1000, are in circulation.