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     EU Eurozone (16)      EU states obliged to join the Eurozone (9)      EU state with an opt-out on Eurozone participation (1 - UK)      EU state planning to hold a referendum on the euro (1 - Denmark)      States outside the EU with issuing rights (3)      Other non-EU users (4)   

The Czech Republic has been a member of the European Union since May 2004. Its currency, the Czech koruna is not currently participating in ERMII.

Adopting the Euro

Initially, the Czech Republic planned to adopt the euro as its official currency in 2010, however evaluations in 2006 found this date "unlikely".[1] In February 2007 the Finance Minister said 2012 was a "realistic" date.[2] but by November 2007 this date was said to be "too soon".[3] In August 2008, an assessment said the accession was not expected before 2015 due to the political reluctance in this subject.[4]

In January 2009, at the start of the Czech Presidency of the European Council, it was announced that a date to adopt the euro would be decided by 1 November 2009.[5] Because of the Topolánek's government fall and the economic crisis hitting the Czech Republic no date was given. Finance Minister of the interim government, Eduard Janota, stated in October 2009 that the 2015 date is not realistic. [6] Central bank governor Zdeněk Tůma even speculated about 2019. [7]

Currently, a competition for the design of the national sides of Czech euro coins is under consideration, and as such the design has not been decided.

References

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