The koruna is one of the European Union's eight currencies, and the Czech Republic is legally bound to adopt the euro in the future.

In November 2013, the Czech National Bank (ČNB) intervened to weaken the exchange rate of the koruna through a monetary stimulus to stop the currency from excessive strengthening.

[1] This was meant to support the Czech economy, mainly focused on export, but people were unhappy about this step because it was set up before Christmas, which led to raising the prices of imported goods.

[2][3] After higher-than-expected inflation and other figures, the national bank removed the cap at a special monetary meeting on April 6, 2017.

The koruna avoided significant volatility and City Index Group stated: "If you want to drop a currency peg, then the ČNB can show you how to do it".

[5] Although the country is economically well positioned to adopt the euro, there is considerable opposition to the move within the Czech Republic.

The first Czech banknotes were issued on 8 February 1993 and consisted of Czechoslovak notes with adhesive stamps affixed to them.

These banknotes, designed by Oldřich Kulhánek, feature renowned Czech persons on the obverse and abstract compositions on the reverse.

In practice, the 5000 Kč is not commonly found in circulation due to them being prone to misuse or illicit activity (e.g., money laundering).