Do you know...
that purity is a number expressing the weight content of a precious metal in an object (bar, coin, jewel, etc.) and is usually indicated in thousandths (for example, 750/1,000 indicates an alloy with 75% precious metal content and 999.9/1,000 an alloy with 99.99% precious metal content)? However, purity can also be expressed in other, older or regional units. The most important of these is the carat, which is still used in jewellery (not to be confused with the carat, e.g. the metric carat, as a unit of mass used for gemstones and pearls). An object of theoretically pure content is designated as having 24 carats. Gold of 750/1,000 purity is therefore 18-carat gold, for example. The carat is not a practical unit for gold bars and coins, as it is not sufficiently precise (although a non-whole number, or the gran, which is one-twelfth of a carat, can be used) and the alloy purities used in jewellery do not always match those used for coins.
In November 2013, the Czech National Bank decided to use the koruna exchange rate as an additional instrument for easing the monetary conditions. Since then, the Bank Board has repeatedly confirmed the validity of this exchange rate commitment. At its most recent meeting on 4 August 2016, the Bank Board stated again that the CNB would not discontinue the use of the exchange rate as a monetary policy instrument before 2017. The Bank Board considers it likely that the commitment will be discontinued in mid-2017.
- Current statement of the Bank Board following the monetary policy meeting of 4 August 2016
- The exchange rate commitment: how the CNB keeps the exchange rate close to CZK 27 to the euro
29 Aug 2016Administrator’s notification
24 Aug 2016CNB balance sheet
31 Aug 2016 Banking statistics
31 Aug 2016 National monetary survey