Politics · Other · 17 hrs ago
Czech government seeks to enshrine the koruna in the constitution
The Czech government wants the koruna named as the country’s currency in the constitution.
The cabinet in Prague approved a bill to make that change, which Finance Minister Alena Schillerova called a political signal that the government does not want the euro.
The move contrasts with the Czech Republic’s EU commitment to adopt the euro once it meets the required economic conditions.
The country currently meets three of the four conditions; exchange-rate stability is the remaining one.
The bill needs 120 votes in the 200-seat lower house and support from three-fifths of senators present, so it would need many opposition lawmakers to back it.
Observers say approval is unlikely, though not impossible, and the bill’s future is uncertain.
The Czech government has approved a bill to enshrine the koruna as the country’s currency in the constitution.
The proposal could create a political obstacle to future adoption of the euro.
The change would require at least 120 votes in the 200-seat lower house and three-fifths of senators present in the upper house.
Finance Minister Alena Schillerova described the proposal as a political gesture showing opposition to the euro.
Czechia committed to adopting the euro when it joined the European Union in 2004, once it meets the required criteria.
- Who
- The Czech government, a coalition led by ANO.
- What
- It approved a bill to enshrine the koruna as the country’s currency in the constitution.
- When
- The bill was approved by the cabinet on October 26, 2026.
- Where
- Czechia.
- Why
- Finance Minister Alena Schillerova said the move would be a political gesture showing that the government does not want the euro.
This story does not have two clearly opposing sides.
The koruna began to exist in its current form after Czechoslovakia broke up.
Czechia joined the European Union and committed to adopting the euro once it met the required criteria.
The Czech cabinet approved a bill to enshrine the koruna in the constitution.
- Lower-house threshold
- At least 120 of 200 representatives
- Upper-house threshold
- Three-fifths of senators present
- EU membership
- Czechia joined in 2004
- Convergence criteria
- Czechia meets three of four, according to earlier information
- Current koruna
- In use in its current form since February 1993