Czech Monetary Unit (Noun)
Meaning
Monetary unit in Czech Republic.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Czech koruna is the official Czech monetary unit used in the Czech Republic.
- The Czech National Bank is responsible for managing the Czech monetary unit and maintaining its stability.
- Tourists visiting the Czech Republic should exchange their currency for the local Czech monetary unit, the koruna.
- The Czech monetary unit has been pegged to the euro since 1999, but it has not yet been replaced by the euro.
- The Czech government has considered adopting the euro as its official Czech monetary unit, but a decision has not yet been made.