50-Heller Coin Eliminated by Czech National Bank
Coin collectors will be the only people to appreciate the Czech 50-heller coin after Sunday, August 31. The Czech National Bank (CNB) has announced that their country’s smallest denominated coin will no longer be legal tender starting in September.
"The main reason for this decision is that 50-heller coins are ceasing to fulfill their function as circulating currency," said Pavel Rezabek, Chief Executive Director and Member of the CNB Bank Board.
Rezabek has said there are a total of 410 million 50-heller coins currently in circulation. With a population of 10.3 million people, every man, woman and child could have 41 coins.
