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Currency - Paper - CZECHOSLOVAKIA - 100 Korun

Currency:USD Category:Coins & Paper Money / Paper Money - Europe Start Price:5.00 USD Estimated At:15.00 - 25.00 USD
Currency - Paper - CZECHOSLOVAKIA - 100 Korun
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Paper Currency - CZECHOSLOVAKIA - 100 Korun

General Information:

This is a popular for all serious collectors.

In 1892, the Austro-Hungarian krone replaced the gulden, at the rate of 1 gulden equaling 2 kronen (which is also the reason why the 10-koruna coin is still nicknamed "petka" or "the five" by the Czechs). The name "krone" was invented by the emperor, Franz Joseph I of Austria. After Austria-Hungary dissolved in 1918, the only successor state that kept the name of the currency, the koruna, was Czechoslovakia. In the late 1920s, the Czechoslovak koruna was the hardest currency in Europe. During the Second World War, the currency on the occupied Czech territory was artificially weakened. The Czechoslovak koruna was restored after the war. It underwent a highly controversial monetary reform in 1953.

The Czech koruna replaced the Czechoslovak koruna when it was introduced in 1993 after the dissolution of Czechoslovakia. It first consisted of overstamped 20, 50, 100, 500, and 1000 Czechoslovak koruna banknotes, but a new series was properly introduced in 1993.