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Thursday, December 8, 2011

Could Czechoslovakia be a model for an EU currency split?

 
Czechoslovakia currency split is now a model

PRAGUE — Policy-makers wondering how a eurozone disintegration would play out could do worse than study one monetary union collapse that went well: the split of the Czech-Slovak currency union. The successful conversion of a federal currency into Czech and Slovak crowns on Feb. 8, 1993, has become a model.
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