The Czech koruna is the official currency of the Czech Republic. Koruna is the Czech word for crown. The Czech koruna is often called the Czech crown in English. The code for the Czech koruna is CZK. Its symbol is Kč, placed after the value (e.g. 5 Kč). The koruna is subdivided into 100 haléřů (shortened ‘h’), or, when singular, haléř. (Though due to inflation, haléře are no longer minted.) The Czech koruna is fiat money and is not pegged to the Euro or backed by gold.