Did you know...
Do you know that commemorative coins with a stated denomination in korunas (unlike commercial coins – ducats) are part of the system of legal tender? The CNB and credit institutions have the duty to accept commemorative 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 22 December 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 Q2. 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 22 December 2016
- The exchange rate commitment: how the CNB keeps the exchange rate close to CZK 27 to the euro
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