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The currency of the Czech Republic is called the Koruna (pl. Korun). Koruna banknotes are issued in 20, 50, 100, 500, 1000, and 5000 Korun denominations. Coins are divided into Haler. 100 Haler equals 1 Koruna.
The importation or exportation of CZK 200,000 or more (or foreign currency equivalent to that amount) must be declared to and authorized by Czech financial authorities.
The Czech Koruna was issued in 1993 and replaced the notes of Czechoslovakia.
To view images of Czech Republic currency visit this site:
http://www.banknotes.com/cz.htm
Prague is considered to be the most expensive place to live in the Czech Republic, yet even there the cost of living is significantly lower than in comparable western European cities. Outside of Prague the cost of living decreases dramatically. Real estate costs remain significantly lower than the rest of western Europe, although they are on the increase.
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