Česká národní banka

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Czech National Bank
Česká národní banka
ČNB-logo.png
Headquarters Prague , Czech Republic
founding January 1993
governor Jiří Rusnok
country Czech Republic
currency

Czech crown

ISO 4217 CZK
Website

www.cnb.cz

predecessor

Státní banka československá

List of central banks
Main building of the National Bank, Prague
National Bank building, Brno

The Česká národní banka (abbreviated ČNB, German Czech National Bank ) is the central bank of the Czech Republic , based in Prague . The Central Bank was established after the creation of the Czech Republic by Act No. 6/1993 Coll. In January 1993. It is a member of the European System of Central Banks .

tasks

The main goal of the National Bank is to maintain price stability . The secondary aim is to support the general economic policy of the Czech government with regard to sustainable economic growth, provided this does not conflict with the primary aim. The central bank adheres to the principles of the open market economy. It is also responsible for the supply of money and payments, determines monetary policy and acts as a supervisory authority for the financial market.

The governing body is the seven-member bank council ( bankovní rada ), which consists of the governor, two vice-governors and four other members. All members are appointed by the President for a period of six years. Repeated exercise is only possible once, and dismissal only in certain cases.

The basic concept of the National Bank is based on strict independence from the government. It may not accept or request any instructions from the President, the government, parliament or any other institution. The National Bank and the government only need to inform each other about monetary and economic policy measures.

Predecessor institutes

The CNB emerged in 1993 as the legal successor of the Státní banka československá. The predecessor institutes were

  • 1950–1993 Státní banka československá (SBČS) - (German: State Bank of Czechoslovakia)
  • 1945–1950 Národní banka Československá - (German: National Bank of Czechoslovakia)
  • 1939–1945 Národní banku pro Čechy a Moravu - (German: National Bank for Bohemia and Moravia (German))
  • 1926–1939 Národní banka Československá - (German: National Bank of Czechoslovakia)
  • 1919–1926 Bankovní úřad při ministerstvu financí - (German: banking supervisory authority at the Ministry of Finance)

Members of the Bank Council

  • Jiří Rusnok (governor)
  • Mojmír Hampl (Lieutenant Governor)
  • Vladimír Tomšík (Vice Governor)
  • Vojtěch Benda
  • Tomáš Nidetzký
  • Oldřich Dědek
  • Marek Mora

Notes and individual references

  1. ↑ Act No. 6/1993 of January 1, 1993, Art. 53 (PDF; 124 kB)

Web links

Commons : Česká národní banka  - collection of pictures, videos and audio files