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LOCAL CURRENCY IN CZECH REPUBLIC

Want to know how much is your money worth in Czech Republic? The local money in Czech Republic is called Koruna.

The Czech Koruna is issued and managed by the Czech National Bank. To find out the current currency exchange rates for Koruna to other major currencies of the world, click on foreign currency rates.

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The currency used in Czech Republic is called as the Koruna. This currency is denoted with the currency sign K? and the ISO 4217 Code for the Czech Koruna is CZK. The Koruna, is the official currency of the Czech Republic . It is divided into 100 smaller units called halé?.

The constitution of Czech Republic provides that the Czech Republic government shall have the power to print the Czech Koruna and halé? coins to be used as a legal tender in Czech Republic. The Czech Koruna bank notes and Halé? coins are both designated as "legal tender" in payment of debts.

The Czech Koruna bill uses the decimal system, consisting of 100 equal units.

The symbol K?, usually written before the numerical amount, is used for the Czech Koruna.

Currently printed bank notes denominations are 100, 200, 500, 1000, 2000, 5000 K? and the coins are minted in the denominations of 1, 2, 5, 10, 20, 50 K? .

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The Effect of Balance of Trade and Investment on Czech Koruna
Financial analysts regularly cite the balance of trade and investment in Czech Republic as the most important influence on the value of the Koruna. The difference between what the Czech Republic exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Koruna exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Koruna exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Czech Koruna.
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