Euro adoption

On joining the EU, the Czech Republic undertook to adopt the single European currency – the euro. The main principles of euro adoption are described in The Czech Republic’s Updated Euro-area Accession Strategy of 2007 (pdf, 47 kB). In line with this strategy, the Government and the CNB regularly assess whether the Czech Republic is ready for euro adoption. The conclusions of this assessment are summarised in the Assessment of the Fulfilment of the Maastricht Convergence Criteria and the Degree of Economic Alignment of the Czech Republic with the Euro Area. In this context, the CNB performs detailed analyses once a year, which it publishes in the Analyses of the Czech Republic’s Current Economic Alignment with the Euro Area.

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