The introduction of the first Czechoslovak crown - Czechoslovak koruna as the national currency was introduced soon after the creation of Czechoslovakia. New currency established by Act No. 84 of 25 February 1919. The Law on the organization and management of cash was then adopted on 10 April of the same year.

Czechoslovakia was the first country A broken multinational monarchy, which introduced its own currency. Original Austro-Hungarian banknotes were withdrawn in record time and bear a stamp, a temporary circulation them then returned only half. By July 1920 were then gradually exchanged for Czechoslovak representative money, but from the technical point their quality. The first really good Czechoslovak banknotes were created until 1926, when it started operation Czechoslovak National Bank, which acted as a central bank. The first twenty crowns dated October 1, 1926, it came into circulation in March 1927. The creation of new banknotes Prominent artists such as Alfons Mucha or Max �vabinsk�. Now �vabinsk�ho artistically successful thousand crowns from 1934 was three years later honored at the International Exhibition in Paris and is still considered one of the most beautiful notes of the world.