When did Czechoslovakia cease to exist what happened when it ceased to exist?

Czechoslovakia ceased to exist on December 31, 1992, when it peacefully split into two independent nations: the Czech Republic and Slovakia. This division, known as the Velvet Divorce, followed a period of political negotiations and growing national sentiments in both regions. The split was largely amicable, with both countries agreeing on the terms of separation, and it officially took effect on January 1, 1993.