Czech koruna

The Czech koruna (CZK) is the official currency of the Czech Republic, which adopted it in 1993 after splitting from Slovakia. It is abbreviated as CZK and symbolized by "Kč." The koruna is divided into 100 haléřů, although haléř coins are no longer in circulation. The currency is issued by the Czech National Bank, which manages its supply and value. The koruna is commonly used for everyday transactions, and its exchange rate fluctuates against other currencies, reflecting economic conditions. The central bank aims to maintain price stability and support economic growth within the country.