Czech National bank to bring 50 heller coin out of circulation

The Czech National Bank announced on Thursday that it is to take the 50 heller coin out of circulation. The coin, which is worth around 3 US cents, will cease to be functional at the end of August next year. There are currently 410 million 50 heller coins in operation, though only around 10% of these make their way back to the bank. Banks will exchange these coins for valid currency until September 2009.