The Czech Republic is a member of the European Union although the currency used is not the Euro but the Czech Crowns (Česká koruna). Here in Prague, you can easily pay in most of the establishments with your Debit/Credit card, however, there are still places, like the street food, some small convenience stores and some transport ticket vending machines that required cash.
- Banknotes are available in 100, 200, 500, 1000, 2000, and 5000 Kč
- Coins are available in 1, 2, 5, 10, 20 and 50 Kč
- Using your Credit/Debit card you can withdraw Czech crowns from any ATM in the city. Although try finding one that is linked to a bank. Ideally a Raiffeisenbank ATM as with others you might get bad rates and high commission fees.
- Don’t exchange money in the streets. Sometimes you will run into a guy offering you a “Good deal”, avoid this by all means. Unfortunately, this is a scam and you will end with fake money or from another country.
- Be very careful when checking a money exchange establishments, they sometimes have a 0% commission sign in big bold letters, to distract you from their terrible rates and even in some cases they have hidden fees. So, be sure to check how much you would get for the amount that you want to exchange.
- Head to any of these places recommended by Honest Guide in the video below:
- Near Wenceslas Square (Václavské náměstí)
- Old Town Square (Staroměstské náměstí)