The currency in the Czech Republic is the Czech Crown (Koruna, code CZK). One Crown equals 100 Hellers (Halir).
There are 5000, 2000, 1000, 500, 200, 100 Crown notes, and 50, 20, 10, 5, 2 and 1 Crown in circulation.
Foreign currencies can be exchanged in banks or exchange offices. There is a number of tourist exchange offices throughout the city center, some of which are open Mon-Sun till late evening. Foreigners are advised not to change money on the street. The local currency has free convertibility and there is no need for the black market. Any such activity should therefore be viewed with a high degree of suspicion and the risks involved are enormous.
A wide variety of foreign currencies are accepted in exchange offices, including all West European currencies. The most frequently used foreign currency is Euro (EUR).
Major travelers cheques are accepted by banks and exchange offices.
Generally said, there is quite dense network of bankomats (ATM machines) in the Czech Republic, especially in Prague. Almost all these terminals accept both international VISA and EuroCard-MasterCard, also Cirrus, EDC-Maestro and American Express cards are accepted. It´s a good idea to check the labels on every particular terminal before using it. Also beware of the thieves when you are manipulating with your credit card.
EuroCard-MasterCard, VISA and American Express cards are accepted in major shops - especially in tourist areas of the city.
Fall Sem 2012
a student guide with all the important information about your stay in Prague!