Euro in CR most probably in 2012

The Ministry of Finance finds the year 2012 realistic for adopting euros, the common currency of European Union. The national plan for adopting of euros was approved yesterday by the National Coordination Group for Euro Adoption.

The national plan acts as a basis for practical preparation for adoption of euros. The plan will be submitted to the Czech government by the end of March. The Czech Republic wants to adopt euro in the same year as Poland.

The Czech coins and banknotes will be, according to this plan, still valid up to two weeks after the adoption. People could change their Czech crowns for euros even up to six months after the start of euros. Also shopkeepers will be obliged to show prices both in Czech crowns and euros 5 months before and 1 year after adopting euro, so that there would no unreasonable increase in prices.