Basic Data:

• Country ISO Code: CS (defunct)

• Official Languages: Czech and Slovak

• Language ISO Codes: cs (Czech), sk (Slovak)

• Official Currency: Czechoslovak koruna

• Currency ISO Code: CSK (defunct)

Reason and History of Dissolution:

Czechoslovakia was established in 1918 following the dissolution of the Austro-Hungarian Empire. It existed as a democratic republic until 1946, then as a socialist state under Soviet influence until the fall of socialism in 1989. In 1993, Czechoslovakia peacefully split into two independent countries: the Czech Republic and Slovakia.

Complete Financial History of Czechoslovakia

Currency: Czechoslovak koruna

• ISO Code: CSK

• Designs / Symbols:

  • Coins and banknotes featured national symbols, historical figures, cultural and industrial motifs.

  • Banknotes depicted prominent leaders, landmarks, and state symbols.

• Singular Name: koruna

• Plural Name: koruny

• Subdivision: 1 koruna = 100 haléřů

• Fraction Singular: haléř

• Fraction Plural: haléře

• Initial Production Date: 1919

• Final Production Date: 1993

• Initial Circulation Date: 1919

• Final Circulation Date: 1993

• Mints: Prague Mint and other facilities

• Issuing Bank: National Bank of Czechoslovakia

Coin Denominations:

• 10, 20, 50 haléřů; 1, 2, 5, 10, 20, 50, 100 korun

Banknote Denominations:

• 10, 20, 50, 100, 500, 1,000, 5,000 korun

Economic Historical Context:

• The Czechoslovak koruna was stable during the First Republic (1918–1938).

• During WWII, the country was divided, and different currencies circulated in occupied regions.

• After the war, the koruna was reintroduced and the economy became centrally planned.

• The currency underwent reforms and devaluations during the communist era.

• After 1989, with the fall of socialism, the economy liberalized and the currency was reformed until the country’s dissolution in 1993.

Mints / Production Locations:

• Prague Mint

• Other regional mints

Designs / Symbols on Coins and Banknotes:

• National symbols, historical figures such as Tomáš Masaryk, landmarks, and industrial motifs

Production Quantities / Honorees / Seals:

• Large-scale production for domestic circulation

• Commemorative coins issued for historical and cultural events

Curiosities / Commemorative Coins:

• Commemorative coins marking republic anniversaries, notable personalities, and cultural events

Current Circulation Status:

• Out of circulation since 1993

• Replaced by national currencies of the Czech Republic (Czech koruna, CZK) and Slovakia (euro, EUR)

Issuing Authority:

• National Bank of Czechoslovakia

Relevant Monetary Legislation:

• Laws and regulations governing issuance and circulation of the koruna during the republic’s existence

Names and Titles of Banknote Signatories:

• Varied by issue, usually governors of the central bank and finance ministers

Persons Honored on Coins and Banknotes:

• Tomáš Masaryk, Edvard Beneš, and other prominent Czechoslovak figures

This report provides a comprehensive financial history of Czechoslovakia, highlighting the Czechoslovak koruna as the official currency throughout the country’s existence, its characteristics, economic context, monetary reforms, and the end of circulation following the peaceful dissolution in 1993.