Daily News Economy Illustrative image (iStock - pfongabe33) Newsletters sign-up Czechia is not currently ready for the euro. Those were the words of Prime Minister Petr Fiala Thursday, who confirmed that the adoption of the currency would not be a topic during the next election period. PRAGUE — A shooting in downtown Prague killed several people and wounded dozens of others, and the person who opened fire is dead, Czech police said Thursday. Police gave no details about the Understanding the European Union There are currently 27 nations in the European Union and of these, eight countries are not in the eurozone—the unified monetary system using the euro. Czechia is not yet a member of the euro area. The Czech koruna has not yet joined the Exchange Rate Mechanism (ERM II). Exchange rate. The current euro to Czech koruna foreign exchange reference rate can be consulted on the website of the European Central Bank (updated daily). Adoption of the euro: Czechia does not have a target date to adopt The Czech Republic meets two of the five conditions for joining the euro as of June 2022; their inflation rate, not being a member of the European exchange rate mechanism, and the incompatibility of its domestic legislation are the conditions not met. LwR5A2.

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