Česká koruna

CZK

It was introduced in 1993 after the collapse of Czechoslovakia.

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Features of CZK:

•  Stability: The Czech koruna is considered a relatively stable currency with moderate inflation.

•  Useability: CZK is a widely used currency in the Czech Republic and can be easily exchanged for other currencies.

•  Anti-fake protection: Czech crowns have several protective features to prevent counterfeiting.

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Application of CZK:

•  Domestic transactions: CZK is the main means of payment for all goods and services in the Czech Republic.

•  International trade: CZK is used in international trade, especially with neighbouring countries.

•  Saving value: Some people keep their savings in CZK as a way to protect against inflation.

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Differences from Bitcoin:

Unlike Bitcoin, CZK is a centralised currency, which means that its issuance and circulation are controlled by the Central Bank of the Czech Republic. CZK also has a more stable value compared to Bitcoin, which is known for its high volatility.

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