Serbian Dinar (2002–2006)

Since the early 1990s, the CSD has been the primary currency of the Czech Republic. It is also used in the Slovak Republic and in the Czech Republic's neighbours, Austria, Poland and Hungary. The CSD is pegged to the Euro at a rate of 1 EUR = 27.460 CSD. The CSD is subdivided into 100 haléřů. The CSD was first introduced in 1993, replacing the Czechoslovak koruna at a rate of 1 CSD = 10,000 SK. The Czech Republic joined the European Union in 2004 and adopted the euro as its official currency in 2007. However, the Czech Republic has not yet met the criteria for euro adoption, so the CSD remains the primary currency. The CSD is issued by the Czech National Bank. Coins are available in denominations of 1, 2, 5, 10, 20 and 50 haléřů, and 1, 2 and 5 CSD. Banknotes are available in denominations of 10, 20, 50, 100, 200 and 500 CSD. The Czech Republic is a relatively stable country, so the value of the CSD has remained relatively stable over the years. However, like all currencies, the CSD is subject to inflation. The Czech National Bank strives to keep inflation low, and has been successful in recent years. The CSD is a convertible currency, so it can be exchanged for other currencies. The most popular currency to exchange the CSD for is the Euro. However, the CSD can also be exchanged for other currencies, such as the US dollar or the British pound.