After the Velvet Revolution in late 1989, Czechoslovakia was briefly renamed from the Czechoslovak Socialist Republic to the Czech and Slovak Federative Republic that existed in Central Europe during

The first banknotes of the third Czechoslovak koruna were issued by the Communist Party of Czechoslovakia in denominations of 1, 3 and 5 korun and by the State Bank in denominations of 10, 25, 50 and