On 1 January 2002, twelve EU Member States introduced banknotes and coins denominated in the single currency. Prior to that date, the euro had existed only in non-cash form for a transitional period of three years (or only one year in the case of Greece). On 1 January 2007, the euro was introduced in Slovenia. Unlike in the original euro area members, both the non-cash euro and euro banknotes and coins (the “Big Bang” scenario)were introduced as of the same date. Two other countries – Cyprus and Malta - entered the euro area on 1 January 2008. On 1 January 2009, the euro was introduced in the Slovak Republic and on January 1 2011 in Estonia. The process of the euro introduction was smooth in all countries.

Euro banknotes and coins have a standardised form. Banknotes are the same in all euro area countries. Coins are the same in all countries with regard to diameter, weight, thickness, shape and edge marking and are made of the same materials. They have one identical side (common side) indicating the denomination. The other side (national side) differs from country to country. However, this does not affect the use of the coins in other euro area countries.

The euro has the international currency code EUR. The euro symbol is a stylised Greek letter epsilon, reflecting the European nature of the currency. The double horizontal line inside the letter symbolises the stability of the new currency.

• Euro - official pages of the European Central Bank concerning the euro  (information on technical specifications, counterfeits, conversion rates, validity of legacy currencies, etc.)
• Euro - official pages of the European Commission concerning the euro
• Euro – official pages of the Czech Republic to the euro

More information: The Czech Republic's integration into the EU - monetary and economic policy

Institutional, technical, organisational and legislative arrangements for euro adoption in the Czech Republic and the CNB's involvement therein

In 2006, the National Coordination Group was established to coordinate the institutional, technical and legislative preparations for the introduction of the euro in the Czech Republic. Responsibility for the process of euro adoption was delegated to the Ministry of Finance, with the CNB acting as one of the key partners in the process. It was also decided to appoint a National Coordinator for the introduction of the euro. A National Coordination Group was set up, along with six working groups for the individual changeover areas. These are working groups concerned with:

• the financial sector - responsibility of the CNB 
• communication - joint responsibility of the CNB and the Ministry of Finance 
• information technology and statistics - responsibility of the Ministry of the Interior 
• legislation - responsibility of the Ministry of Justice 
• the non-financial sector and consumer protection - responsibility of the Ministry of Industry and Trade 
• public finances and public administration - responsibility of the Ministry of Finance

The CNB is involved in the activities of all the working groups. In 2011, the activities of the National Coordination Group were reduced, because of the absence of the target date for the euro introduction in the Czech Republic.

Strategic documents of the Czech Republic in this area:

National Changeover Plan (approved by the Government on 11 April 2007)