Time Period: 1939-1945

Currency: Bohemian-Moravian Crown


Timeline

  • 21.03.1939
  • 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    - The Czechoslovak banknotes were not demonetized but gradually withdrawn, the subsidiary coins remained current.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


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.

Valuation Regimes

  • 1993-
  • Variable rate

Rate Arrangements

  • 01.01.1993
  • Variable
  • initially: US Dollar at 1 : 28.899
  • ±0.0%


End-year Forex Rates (Units per US Dollar)