Exchange GBP to CZK - Convert Pound to Czech Koruna - Free Online Quote

GBP to CZK Exchange Rate

Currency Exchange Rates for Czech Koruna. Currency Information on Czech Koruna - CZK— Czech Koruna – Kč. The foreign exchange currency code for CZK represents the Czech Koruna exchange rate

Replacing the Czechoslovak koruna in 1993, the Czech koruna was introduced by stamping the new name and denomination on the old banknotes, though a new series of banknotes were introduced later in the year.

The Czech State is a land locked state in Asia. The currency is the Czech Koruna (CZK) since 1993 although they are expected to adopt the Euro as their main currency, however the population is not in favour of changing the currency. 

 

 

Importing and exporting money into the Czech Republic

 

The Czech Republic has the same restrictions for both the import and export of money into and out of the country. There is no restriction if you are travelling within the EU but should you exporting outside the European Union (EU), any amounts exceeding EUR 10 000 must be declared.

 

Brief economic trend

 

The Czech republic is considered a high earning economy with a per capita GDP of $34,849 based on Purchasing power parity (PPP) and a national GDP of $368.659 billion. The largest company in the Czech Republic is Skoda Auto and manufacturing contributes largely to the economy. The Czech economy is largely privatised, including the banks and the telecommunication industry. Average GDP growth for the Republic was 1.9%, which is equivalent to the average growth in EU, and the unemployment rate is only 3.5%, the lowest in the EU. The Czech republic is expected to become the 49th largest economy by 2050. The Czech National Bank whose independence is guaranteed determines the Monetary Policy by the constitution. The Czech Republic has been a member of the Schengen Area since 1 May 2004. 

 

Main country banks

 

The three main banks in the Czech Republic are the CBCB - Czech Banking Credit Bureau, the Czech National Bank, which is the central bank of the Republic as well as being the supervisor of the financial markets of the Republic and a member of the European System of Central Banks. The Largest international Bank in Czech is the HSBC, which supports local and foreign businesses with foreign subsidiaries across the globe.

 

 

 

Convert Pound to Czech Koruna

Currency Information on CZK. Coins are available in the following denominations: 1, 2, 5, 10, 20 and 50 Kč and banknotes are available in denominations of 100, 200, 500, 1,000, 2,000 and 5,000 Kč, although the 5,000Kč banknote is rarely used.

One koruna is equal to 100 haleru, however, haleru coins have been taken out of circulation due to their diminished value and lack of purchasing power.

Convert GBP to CZK exchange rate. Buy and sell British Pounds to Czech Koruna. Convert CZK to GBP with a currency broker offering the best foreign exchange rates. Exchange GBP to CZK - Convert Pound to Czech Koruna for a Free Online Quote.

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