Czech Koruna

• The Czech National Bank (ČNB) is the central bank of Czech Republic. Its objective is to maintain non-inflationary growth of the economy, as well as the supervision of the country’s banks.
• Price setting method: the floating exchange rate is described as supervised”. The ČNB reserves the right to intervene in a targeted way in the foreign exchange market.

Between November 2013 and April 2017, the ČNB maintained an asymmetric exchange rate regime on the market. In order to protect the competitiveness of the Czech economy, a EUR/CZK floor rate of 27.00 was set during this period.

• In spite of an active exchange rate policy of the ČNB, the CZK shows stability against the EUR in comparison with other currencies of Eastern Europe.

There are no special restrictions on the purchase and sale of CZK.