Here’s an unusual, but at the end of the day explainable question. Why, if they’re part of the EU (European Union) the Czechs don’t use the Euro? It’s the official currency of 19 of the 27 member states of the European Union and and over 340 million Europeans. The rest of the EU countries do. It’s a solid currency. The European Union’s GDP was estimated to be around $17.1 trillion (nominal) in 2020, representing around 1/6 of the global economy.
The European Central Bank (ECB for short) is the central bank of the 19 European Union countries which use the euro. Their main task is to maintain price stability. They do this by making sure that inflation remains low, stable and predictable. In this way, the ECB seeks to help European citizens to plan their saving and spending. (Content courtesy of the ECB.)
But the Czech Republic have chosen not to. Curious. Watch the fun video below as a happy Prague citizen explain why. And – if you haven’t been, what are you waiting for? Prague is an incredible place to visit. See some of our recommendations, below.