Current Affairs Monetary separation sealed split of Czechoslovakia ten years ago
Less than six weeks after Czechoslovakia split up on the 1st of January, 1993, two new currencies emerged, replacing the Czechoslovak crown which had existed since 1919. The two countries divided their monetary assets, liabilities and reserves according to a ratio of two to one in favour of the Czech Republic. After monetary separation was publicly announced, all payments between the two new countries stopped and border controls were stepped up to prevent transfers of cash. The new currencies became valid on February 8, ten years ago.
Back
