1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 3.7415 CZK (Czech Koruna). Czech Koruna is the official currency of Czech Republic. The ISO code for the currency is CZK and the symbol is KÄ. In the year 2012, the country devised a plan to make Euro as the official currency of the country, but due to strong oppositions the plan has been dropped. The first communist country to receive the investment grade rating from the international credit institution is The Czech Republic.