Czech Republic Abandons Halers

Starting today, the 50-haler coins cease to be accepted in the Czech Republic. That means, the last haler coins are disappearing from our, Czech, reality.

In 18th century, when the so called First Republic was young, eight various haler coins were used – 2, 5, 10, 25 and 50 halers. When I was born in 1980’s, there were 10, 20 and 50 commonly used, 5 haler coin was already a rarity people carried for good luck.

Why we would stop using them? The official explanation is people quit using them. The National Bank is receiving back only a fraction of the coins. Originally, there were 50-haler coins worth 200 millions czk, from the total 350 billions of circulating money, so halers formed quite a minor part anyway.

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