Press release of the Czech National Bank regarding the bonds issued by the city of Karlovy Vary in 1924

The Czech National Bank deems appropriate to put right the assertions by Edward D. Fagan in the Interview ČT24 programme broadcast by the Czech Television on 20 October 2011: ‘I did not make this media circus. I did not make it. Not a single press release came out. The mayor did it. The governor did it. The minister of finance did it.’

To this effect the Czech National Bank is issuing the following statement:

“This is the first press release of the Czech National Bank relating to the bonds issued by the city of Karlovy Vary in 1924. Each and every CNB press release has consistently been published, and since 1997 also regularly archived, on the CNB website.“

Marek Petruš
CNB spokesman