Czech Gov't Approves New Currency Exchange Rules

The Czech government has approved some changes to the rules for exchanging money, and these will benefit the public. Most importantly, people will have a chance to get their money back if they discover the deal was unfavorable.

The amendment to the Foreign Exchange Act still needs to pass both houses of Parliament and be signed by the president. If it passes, it will take effect three months after its publication.

The poor state of regulation of exchange places has been an ongoing issue that gives Prague a bad reputation. This issue has been brought to light recently in a widely watched series of videos by Janek Rubeš, who posts on YouTube under the name the Honest Guide. He has been calling for the government to take action, and for people to be more aware of the pitfalls.

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