As reported by Vinegret.cz, the new notes were presented at a special press conference by the Director of the Central Bank of the Czech Republic, Jiří Rusnok. According to him, the regulator will not interfere with the appearance of the Czech koruna – changing its design or enhancing security – at least until 2023. There is no need for this, since Czech money, compared to other currencies, is already well protected.
“With the new 100 and 200 koruna notes, we are completing the so-called advanced banknote issuance, which began in 2007. Banks will gradually withdraw old notes from circulation and replace them with new ones. This will take two to three years,” noted Jiří Rusnok.
As noted by a representative of the Czech Mint, the production cost of one new-style banknote is about 2 koruna. Currently, 458 million Czech banknotes with a total face value of 578 billion koruna are in circulation.
New 100 and 200 Czech koruna notes