Read the untranslated law here: https://portal.gov.cz/app/zakony/download?idBiblio=27163&nr=41~2F1953~20Sb.&ft=txt
of 30 March 2004. May 1953
a monetary reform
Modified: 25/1961 Coll.
Change: 174/1988 Coll.
Change: 130/1989 Coll.
The National Assembly of the Republic passed on this
Monetary reform and monetary unit
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.
Recalculation of wages, salaries and prices
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.
Money exchange, the conversion of receivables and Payables, and paid the insurance bonus payments
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.
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.
Repeal of certain receivables and Payables
(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.
(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
(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.
Cancellation of the winding-up of Monetary Fund
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
Common and final provisions
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.
Act No. 39/1948 Coll., on platidlech of the Czechoslovak currency.
This Act shall take effect on 1 January 2000. June 1953; It shall carry out all
members of the Government.
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