By 1991, the haléř denomination was functionally worthless in everyday commerce — a single piece couldn't buy a fraction of anything. These were struck more out of institutional inertia than economic necessity, as Czechoslovakia was already deep in the political negotiations that would produce the Velvet Divorce the following year. The 1992 issues carry the distinction of being among the last coins produced under a state that would cease to exist on January 1, 1993, split without referendum into the Czech Republic and Slovakia.
By 1991, the haléř denomination was functionally worthless in everyday commerce — a single piece couldn't buy a fraction of anything. These were struck more out of institutional inertia than economic necessity, as Czechoslovakia was already deep in the political negotiations that would produce the Velvet Divorce the following year. The 1992 issues carry the distinction of being among the last coins produced under a state that would cease to exist on January 1, 1993, split without referendum into the Czech Republic and Slovakia.