Establishment of the central bank
HISTORY OF CZECHOSLOVAK CURRENCY.
The new Czechoslovak currency needed to be managed reliably, and for this purpose the classic central issuing bank was to be ignited. On April 14, 1920, the Act on the Stock Issuing Bank (the so-called Banking Act) was adopted. It determined in great detail the legal status of the bank, its management, the principles for issuing banknotes and the rules for their coverage. The basic task of the bank was to administer the Czechoslovak currency and, in connection with this, to operate certain credit and foreign exchange transactions precisely defined by law. Although the law also contained the bank's articles of association, the bank's administration, the Rules of Procedure of the Bank Board, state supervision, and the bank's accounting principles, it did not yet establish an issuing bank. The reason was the so far unstable economic, financial and monetary situation. The government was empowered to "set up a joint stock issue bank" at a time when economic preconditions would be given. This did not happen until March 1926 after abandoning deflationary policy and moving to a concept of monetary stabilization.
CONTENT
- Origin of the Czechoslovak currency.
- Monetary stabilization.
- Establishment of the central bank.
- National Bank of Czechoslovakia.
- Gold reserve.
- Economic boom.
- Depression.
- The main activities of banks.
- Development of the national economy.
- Art designs.
- Czech banking system.
- The disintegration of Czechoslovakia.
- German occupation of the Czech lands.
- Currency damage caused by the occupation.
- Preparation of post-war monetary policy.
- Inflation and monetary chaos.
- Organization of monetary relations.
- Socialization of finance.
- February 1948 and central management.
- Directive management of monetary relations.
- Monetary reform of 1953.
- Central plan.
- Isolation.
- Reform efforts.
- "Standardization".
- Economic problems.
- Economic transformation.
- Changes in monetary policy management.
- Development of the koruna exchange rate.
- Development of the banking system.
- Development in 1990-1992.
- Division of the Czechoslovak Socialist Republic.
- Origin of the Czech koruna.
- Monetary policy management.
- International cooperation.
- Monetary stabilization.
- Establishment of the central bank.
- National Bank of Czechoslovakia.
- Gold reserve.
- Economic boom.
- Depression.
- The main activities of banks.
- Development of the national economy.
- Art designs.
- Czech banking system.
- The disintegration of Czechoslovakia.
- German occupation of the Czech lands.
- Currency damage caused by the occupation.
- Preparation of post-war monetary policy.
- Inflation and monetary chaos.
- Organization of monetary relations.
- Socialization of finance.
- February 1948 and central management.
- Directive management of monetary relations.
- Monetary reform of 1953.
- Central plan.
- Isolation.
- Reform efforts.
- "Standardization".
- Economic problems.
- Economic transformation.
- Changes in monetary policy management.
- Development of the koruna exchange rate.
- Development of the banking system.
- Development in 1990-1992.
- Division of the Czechoslovak Socialist Republic.
- Origin of the Czech koruna.
- Monetary policy management.
- International cooperation.
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