Did you know...
that the commemorative coins of some countries contain curiosities due to design mistakes? In the Czech Republic, this almost happened to the coin commemorating the Czech Republic’s accession to the EU in 2004. Its author depicted the EU using the main motifs on the coats-of-arms of individual countries. However, he mistakenly modelled the double-headed eagle of the Austrian-Hungarian monarchy instead of the single-headed eagle of the Republic of Austria. CNB officials fortunately noticed this in the approval process and the mistake was corrected in time.
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 2 February 2017, 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 2 February 2017
- The exchange rate commitment: how the CNB keeps the exchange rate close to CZK 27 to the euro
24 Mar 2017Global Economic Outlook
10 Mar 2017
31 Mar 2017 Banking statistics
31 Mar 2017 Harmonized monetary survey