Talking Point Should Czechs rejoice or despair at the strength of their currency?
In 2001, if a Czech paid 50 dollars for a book or a record from an American-based internet vendor like Amazon, he would have forked out around 2000 crowns for his purchase. Today, he would only have to pay 800 crowns. That’s because the crown – or koruna as it’s called in Czech – has been steadily appreciating over the past decade. Since the start of the year, however, the gains it has made against other currencies like the dollar and the euro have been spectacular and have taken most economists by surprise.
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