Read the untranslated law here: https://portal.gov.cz/app/zakony/download?idBiblio=27664&nr=34~2F1954~20Sb.&ft=txt
of 16 June. July 1954
a recount of certain receivables and Payables denominated in
Czechoslovak Crown of old money in proportion to the foreign country.
The Government of the Czechoslovak Republic ordered pursuant to section 6 of Act No. 41/1953
Coll., on monetary reform:
Payables and receivables between foreigners and nationals as, sounding on
Czechoslovak Crown of old money and incurred before the 1. June 1953,
shall be converted into the Czechoslovak Crown new money by other
(1) Obligations towards foreign tuzemců arising in connection with
foreign trade and services (imports and exports of goods, transport,
insurance, reinsurance, patent, license and trademarks,
common provise.), as well as other obligations owed to non-residents, tuzemců
If their payment has to be effected abroad based on the arrangements for the
payment systems, are translated in the ratio of 6.9444225 Czech crowns of old money
1 Czech crowns the new money.
(2) As to obligations of foreigners against the residents, with the exception of
the obligations referred to in section 3.
(1) the obligations of foreigners from domestic taxes, levies and charges
converted in a ratio of 5 Crowns of old money, new money for 1 Kčs.
(2) As to obligations owed to foreigners, secured
on real assets located in the territory of the Czechoslovak Republic.
Claims and liabilities of life insurance foreigners are treated
as well as the claims and liabilities of life insurance tuzemců.
(1) the commitments of the Czechoslovak State against foreign States if they are to be
paid to the territory of the country, are translated in a ratio of 5 Crowns of old money
1 Czech crowns the new money, the other in the ratio of 6.9444225 Czech crowns of old money 1
Czech crowns the new money.
(2) the obligations of the Czechoslovak State Bank against foreign States
converted at a ratio of 6.9444225 Czech crowns of old money for the new 1 Czech Crowns
(3) the means of foreign embassies, stored in accounts with the State
Bank of Czechoslovakia are translated in a ratio of 5 Crowns of old money 1
Czech crowns the new money.
(1) deposits of foreigners on their books are translated as well as
deposits of the tuzemců on their books.
(2) deposits by foreigners on current accounts, if not
the provisions of sections 2 and 5 of this regulation, are translated as well as
deposits on their books.
(3) Deposits on specific current accounts set up to them
private persons have been stacked up the economic, budgetary and other
organisations and establishments in the amount for the sale or rental of real estate or
chattels, and deposits on current accounts, which is according to the law No.
80/1952 Coll., on House tax, transferred the rent of the apartment buildings,
translated-in the case of foreigners — as well as the deposits of the tuzemců the same
the species; This is true even when it comes to the cases referred to in § 2 (2). 1.
section 7 of the
Obligations of the tuzemců against foreigners if their conversion is not this
otherwise, the modified regulation, are translated as well as similar liabilities
of relations between persons in the territory of the country.
(1) nationals as provided by this regulation are:
and physical persons) have in the Czechoslovak Republic residence or
here present, as well as Czechoslovak nationals who are residing in the
abroad from the Czechoslovak State and other authorities, and with them
living members of the family,
(b)) legal persons and undertakings which have their head office in the Czechoslovak
(c) a) Czechoslovakia.
(2) Foreigners pursuant to this regulation are the other physical and legal
persons, services and equipment and foreign States.
The provisions of this Regulation shall be used only if it is not already
the Czechoslovak Court decided otherwise.
This Regulation shall enter into force on 1 January 2005. June 1953; performs is the Minister
Finance in agreement with the other members of the Government.
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