German ordinance ["über die Währungsverhältnisse im Protektorat Böhmen und Mähren"] on the exchange rate between the Czechoslovak Crown and the German Reichsmark (corresponded to a 32% devaluation against the US Dollar); effective 22.03.1939
31.03.1939
Government decree [No. 96] on the establishment of the National Bank for Bohemia and Moravia out of the Czechoslovak National Bank; effective immediately
01.04.1939
Start of currency exchange: - mid-1939: Issuance of overprinted Czechoslovak banknotes of 5, 1 Crowns - around 1940: Start of issuance of regular banknotes and coins - The Czechoslovak banknotes were not demonetized but gradually withdrawn, the subsidiary coins remained current.
Valuation Regimes
1939-1945
Fixed rate against German Reichsmark
Rate Arrangements
22.03.1939
Fixed
German Reichsmark at 1 : 10
-32.2%
Time Period: 1993-
Currency: Czech Crown
Transition
1 : 1 Czechoslovak Crown (1953)
Sub-units
Crown / 100 Heller
ISO4217
CZK
Timeline
08.10.1992
Constitutional act [No. 493] on the dissolution of Czechoslovakia: $9 established the right to create separate central banks for the Czech and Slovak Republics; effective 01.01.1993. - 13.11.1992: Constitutional act [No. 541] on the distribution of assets between the Czech and Slovak Republics after the dissolution Czechoslovakia: §4 regulated the distribution of the IMF quota, §6 (4) regulated the distribution of the Czechoslovak State Bank's assets; effective 01.01.1993.
17.12.1992
Law [No. 6/1993] on the establishment of the Czech National Bank; effective upon constitution of the bank on 01.01.1993
01.01.1993
Start of currency exchange: - 01.01.1993: Start of issuance of the new banknotes and coins - 05.02.1993: Demonetization of the Czechoslovak currency.