Treasury is still in its infancy in the Czech Republic. It was not until the country’s currency crisis in 1997, which crippled a number of major companies, that the treasury function really took off in finance management, dealing particularly with foreign exchange and interest rate hedging. Seven years later, a number of treasury departments have been set up and treasury professionals have become more active in the financial management of companies. Here, we explore the various areas in which developments have been the most prolific.