Twenty-crown note axed

The Czech 20-crown note will cease to be legal tender from September next year, under a decision by the Czech National Bank. At the end of 2007 there were over 5 million 20-crown notes in circulation. The note was first issued in April 1994 but was replaced by a 20-crown coin two years later, due to the fact an average note only lasted for 12 to 18 months.

Author: Ian Willoughby