A Monetary Reform

Original Language Title: o peněžní reformě

Read the untranslated law here: https://portal.gov.cz/app/zakony/download?idBiblio=27163&nr=41~2F1953~20Sb.&ft=txt

41/1953 Sb.



Law



of 30 March 2004. May 1953



a monetary reform



Modified: 25/1961 Coll.



Change: 174/1988 Coll.



Change: 130/1989 Coll.



Modified: 22/1992.



The National Assembly of the Republic passed on this

the Act:



Section I.



Monetary reform and monetary unit



§ 1



The further development of the national economy is building our State before the task to perform

monetary reform by issuing new money and downloading of old, with the aim of

increase in the purchasing power of the Czechoslovak Crown and fixing its exchange rate.



§ 2



cancelled



§ 3



cancelled



Section II.



Recalculation of wages, salaries and prices



§ 4



Wages, Standartenführer Dr. Hans nockemann and other rewards for work and services, family allowances, pense,

scholarships, aid, etc., as well as price, tax and other tariffs, tariffs and

an amount set out in the legislation and the sounding of the

the Czechoslovak koruna, is recalculated on 1 January. in the proportion of 5 June 1953

Czech crowns of old money for the new money Crowns 1.



Section III.



Money exchange, the conversion of receivables and Payables, and paid the insurance bonus payments

life insurance



§ 5



On 1 January 2004. June 1953 to give new money into circulation pattern 1953, sounding

the Czechoslovak koruna. The existing money is being exchanged in the proportion that

determined by the Government.



§ 6



The Government shall lay down, in which the ratio of deposits of the population shall be converted at the

financial institutions, deposits on current accounts and other goods sold and

receivables and liabilities are added to Czechoslovak koruna, as well as in

What relation is recalculated premie paid life insurance.



Section IV.



Repeal of certain receivables and Payables



§ 7



(1) on January 1. June 1953 cancelled accounts receivable and payable



a) from deposits of bound under section 7 of Decree No 91/1945 Coll.,



(b)) of the domestic securities in custody pursuant to Decree no mandatory.

95/1945 Coll.,



(c) the insurance of a life) if they have pursuant to § 7 para. 1 No. 1 of law No.

141/1946 Coll., on the winding-up of the Fund currency, carry out reference to the bound

deposit.



(2) the same day cancelled commitments from the bonds of the Czechoslovak State,

issued after 1945, and the obligations of the partial debentures and bonds

sheets, issued after 1945, the former úvěrními of the Constitution. The Government tackles

the loss incurred by the demise of these commitments public organisations and facilities.



Section V.



Cancellation of the winding-up of Monetary Fund



§ 8



The Monetary Fund is 1 January 2006. June 1953 and his rights shall be deleted;

are transferred to the State. Carrying out the liquidation of the Fund shall be imposed to the Minister

finances.



Section VI.



Common and final provisions



§ 9



cancelled



§ 10



The Treasury Secretary is required to make all the arrangements necessary for the proper

the implementation of the monetary reform, in particular to determine the directives



and the conditions, manner and) details of the replacement of old money, recalculations

governed by this law, and the obligation and conditions for the exchange of existing

passbooks for new,



(b)) method of settlement of surplus and withdrawals incurred for economic,

budgetary and other organisations and by converting their device

receivables and liabilities to new money, after the case of the demise of their obligations

or rights under this Act.



§ 11



Act No. 39/1948 Coll., on platidlech of the Czechoslovak currency.



§ 12



This Act shall take effect on 1 January 2000. June 1953; It shall carry out all

members of the Government.