EFTA Document EFTA01379402

22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Czech Republic The Czech koruna (crown) replaced the Czechoslovak koruna at par on 8th February 1993. The koruna has been free floating since Jan 1997, when the managed float regime was abolished. Prior to January 1997, the koruna was managed against a basket of USD and DEM with intervention bands of 44-7.5% around central parity. The foreign exchange regime was fully liberalized in 1999. The koruna is fully deliverab