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Dissolution of Czechoslovakia

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Czechoslovakia was a country made of two nations. These nations were the Czechs and the Slovaks. The country began in 1918 after World War I ended. Leaders met in Pittsburgh, a city in America. They signed the Pittsburgh Agreement to create a common state. This agreement promised that both nations would be equal. Over many years, the two groups had different ideas. Some people wanted more power for the Slovaks. This caused political tension between the two sides.

100 Czechoslovakan koruna 1993 Provisional Issue Obverse
100 Czechoslovakan koruna 1993 Provisional Issue Obverse

By the early 1990s, things were changing quickly. The Czech Republic had a higher GDP per capita than Slovakia. This means the Czech economy was about 20% stronger. In January 1991, money transfers from Czechia to Slovakia stopped. This made the two sides feel more separate. Leaders like Václav Klaus from the Czech side and Vladimír Mečiar from the Slovak side had many talks. They could not agree on how to run one single country. They decided to split the nation into two independent parts.

100 Czechoslovakan koruna 1993 Provisional Issue Obverse
100 Czechoslovakan koruna 1993 Provisional Issue Obverse

The split happened on December 31, 1992. It was a very peaceful event. Many people called it the "Velvet Divorce." This name comes from the Velvet Revolution of 1989. That earlier revolution was also peaceful and ended communist rule. Other countries, like Yugoslavia, had violent wars during their breakups. Czechoslovakia was the only Eastern Bloc state to split without fighting. Some people were sad about the split. An opinion poll in 1992 showed only about 36 or 37 percent of people wanted it.

100 Czechoslovakan koruna 1993 Provisional Issue Obverse
100 Czechoslovakan koruna 1993 Provisional Issue Obverse

The two new countries had to divide everything they owned. They split property in a two-to-one ratio. This ratio matched the population sizes of the two groups. They also had to divide things like the army and trains. The new countries chose their own symbols to show who they were. The Czechs used a lion for their coat of arms. The Slovaks used a double cross. They even had to pick new national anthems to sing.

100 Czechoslovakan koruna 1993 Provisional Issue Obverse
100 Czechoslovakan koruna 1993 Provisional Issue Obverse

Money was one of the most important things to fix. Both countries used the old Czechoslovak koruna at first. To save time, they used a clever trick. They took the old banknotes and added new stamps to them. This helped people switch to new Czech and Slovak money. The Czech Republic started using its new currency on February 8, 1993. Slovakia also began using its own money soon after. Today, these two nations live as neighbors in Europe.

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