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Money

Prague is generally inexpensive compared to most western cities. It is a popular shopping destination site for many Italians, Germans, British and Americans. Therefore, getting money does not pose a problem.

There are exchange offices inside the airport, train stations, and in every major part of Prague. Exchange rates can vary between places, so if you are looking to save a dime or two, look around and try and find the best deal. At the moment the Czech koruna is anywhere between 25-30 korunas per U.S. dollar, 50 korunas per pound, and 35-40 korunas per Euro.

ATM’s are not difficult to find in the city. All major tourist areas have banks with 24 hour machines. As time passes this should become even easier as many major European banks are entering the Czech Republic upon it’s entry in May 2004. One helpful hint about the Czech Republic is that if you are waiting in line at a ATM, wait a few steps further back then you are used to, Czech’s prefer extra space at an ATM.

All major credit cards can be used within the Czech Republic (American Express, MasterCard, and Visa) and are widely accepted within the city. However many shops, bars, and restaurants still do not accept credit cards, especially outside of the city. Many businesses have signs of the credit cards they accept on the door or windows. Smaller, traditional Czech restaurants generally don’t accept cards and most bars will not allow you to pay with a credit card.

American Express is also widely accepted and many American Express shops can be found in the popular tourist areas (Old Town Square, Wenceslas Square, etc.).

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