Prague is one of Europe's most beautiful cities, but it's also a hotspot for currency-related scams targeting tourists. From counterfeit banknotes to predatory exchange offices, here's everything you need to know.
The Currency Exchange Rip-Off
Prague's most infamous scam happens at exchange offices. Despite advertising "0% commission," these bureaux hide terrible rates in the fine print.
Common tricks: - Advertising great rates for USD/EUR but giving you a terrible rate in practice - Showing a "buy" rate prominently while applying the much worse "sell" rate - Adding hidden fees after the transaction - Refusing to give you a receipt
How to avoid it: - Never exchange money at booths near tourist attractions - Use ATMs from major banks (Česká spořitelna, ČSOB, Komerční banka) - Always decline the ATM's "conversion" offer — choose to pay in Czech crowns (CZK) - If you must use an exchange office, check rates at Czech National Bank first
Counterfeit Czech Crown Notes
Tourists sometimes receive fake CZK notes, particularly as change from dishonest vendors or taxi drivers.
How to spot fake notes: - Check the watermark — hold the note up to light - Feel the raised print — genuine notes have tactile elements - Look for the metallic security strip - Check the color-shifting ink on higher denominations - New polymer 1000 CZK notes (introduced 2026) have enhanced security features
The "Wrong Currency" Scam
Some dishonest vendors or taxi drivers give change in a mix of currencies — slipping in worthless old currencies, Bulgarian lev coins (which look similar to CZK coins), or outdated notes.
How to avoid it: - Familiarize yourself with Czech coins and notes before your trip - Count your change carefully, especially in taxis - Be suspicious of any coins that look unfamiliar - The Czech Republic does NOT use the Euro — reject any attempt to pay you in Euros as change
Counterfeit Goods Near Tourist Spots
Around Old Town Square and Charles Bridge, vendors sell "designer" goods, "antique" items, and "genuine" bohemian crystal at inflated prices.
Red flags: - Prices that seem too good for designer brands - No receipts or official packaging - Sellers who are reluctant to let you inspect items closely - "Bohemian crystal" that's actually regular glass
How to protect yourself: - Buy from established shops with street addresses - Real bohemian crystal shops will provide certificates of authenticity - If a deal seems too good to be true, it is
The Restaurant Menu Scam
Some restaurants in touristy areas have two menus — one with local prices and one with inflated tourist prices. Others add unexpected "service charges" or "cover charges."
How to avoid it: - Always check prices before ordering - Ask about any additional charges (cover, bread, service) - Look for restaurants with prices displayed outside - Check Google reviews before sitting down - Avoid restaurants with touts standing outside
ATM Scams
Euronet ATMs and other non-bank ATMs in Prague are notorious for terrible exchange rates and high fees.
How to avoid them: - Only use ATMs attached to major Czech banks - ALWAYS decline "Dynamic Currency Conversion" (the ATM offering to convert to your home currency) - Withdraw larger amounts less frequently to minimize per-transaction fees - Avoid ATMs inside exchange offices
What to Do If You Receive Counterfeit Money
- Do not try to spend it — this is illegal
- Contact the Czech Police: 158 (emergency) or 112 (general)
- Bring the note to any bank for verification
- Report the incident and where you received it
- File a report at Avoid Travel Scams
Quick Safety Checklist
- ✅ Use bank ATMs, not Euronet or exchange office ATMs
- ✅ Always pay in Czech crowns (CZK), never accept Euro conversion
- ✅ Know what Czech coins and notes look like
- ✅ Count your change carefully
- ✅ Check restaurant menus for hidden charges before ordering
- ✅ Buy souvenirs from established shops with receipts
- ✅ Keep the police number (158) saved in your phone
Prague is an extraordinary destination with incredible history, architecture, and beer. Don't let these scams ruin your experience — stay informed and enjoy everything this remarkable city has to offer.
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FAQ: Prague Currency Scams
Q: Is Prague safe for tourists in 2027? A: Yes, Prague is generally very safe. The main risks are petty scams rather than violent crime. Stay alert in crowded areas and you'll have a wonderful visit.
Q: Should I bring Euros or exchange before arriving? A: Neither. Withdraw Czech crowns (CZK) from a bank ATM upon arrival. You'll get the best rates this way. Never exchange money at airport or train station booths.
Q: Can I use credit cards in Prague? A: Yes, most restaurants and shops accept cards. However, always have some cash for small vendors, markets, and tips. Card skimming exists, so use contactless payments when possible.