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CZK
The koruna, or crown, ( sign: Kč; code: CZK, cs, koruna česká) has been the currency of the Czech Republic since 1993. The koruna is one of the European Union's 9 currencies, and the Czech Republic is legally bound to adopt the euro currency in the future. The official name in Czech is (plural , though the zero-grade genitive plural form is used on banknotes and coins of value 5 Kč or higher). The ISO 4217 code is CZK and the local acronym is Kč, which is placed after the numeric value (e.g., "50 Kč") or sometimes before it (as is seen on the 10-koruna coin). One crown is made up of 100 '' hellers'' (abbreviated as "h", official name in Czech: singular: , nominative plural: , genitive plural: – used with numbers higher or equal to 5 – e.g. ), but hellers have now been withdrawn from circulation, and the smallest unit of physical currency is 1 Kč. History In 1892, the Austro-Hungarian crown replaced the florin, at the rate of one florin to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Czech Republic
The Czech Republic, or simply Czechia, is a landlocked country in Central Europe. Historically known as Bohemia, it is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. The Czech Republic has a hilly landscape that covers an area of with a mostly temperate continental and oceanic climate. The capital and largest city is Prague; other major cities and urban areas include Brno, Ostrava, Plzeň and Liberec. The Duchy of Bohemia was founded in the late 9th century under Great Moravia. It was formally recognized as an Imperial State of the Holy Roman Empire in 1002 and became a kingdom in 1198. Following the Battle of Mohács in 1526, the whole Crown of Bohemia was gradually integrated into the Habsburg monarchy. The Protestant Bohemian Revolt led to the Thirty Years' War. After the Battle of White Mountain, the Habsburgs consolidated their rule. With the dissolution of the Holy Empire in 1806, the Cro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ISO 4217
ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual currencies and their minor units. This data is published in three tables: * Table A.1 – ''Current currency & funds code list'' * Table A.2 – ''Current funds codes'' * Table A.3 – ''List of codes for historic denominations of currencies & funds'' The first edition of ISO 4217 was published in 1978. The tables, history and ongoing discussion are maintained by SIX Group on behalf of ISO and the Swiss Association for Standardization. The ISO 4217 code list is used in banking and business globally. In many countries, the ISO 4217 alpha codes for the more common currencies are so well known publicly that exchange rates published in newspapers or posted in banks use only these to delineate the currencies, instead of translated c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Czech Republic And The Euro
The Czech Republic is bound to adopt the euro in the future and to join the eurozone once it has satisfied the euro convergence criteria by the Treaty of Accession since it joined the European Union (EU) in 2004. The Czech Republic is therefore a candidate for the enlargement of the eurozone and it uses the Czech koruna as its currency, regulated by the Czech National Bank, a member of the European System of Central Banks, and does not participate in European Exchange Rate Mechanism II (ERM II). Although the Czech Republic is economically well positioned to adopt the euro, following the European debt crisis there has been considerable opposition among the public to the adoption of the euro currency. , there is no target date by the government for joining the ERM II or adopting the euro. The cabinet that was formed following the 2017 legislative election does not officially plan to proceed with euro adoption within its term. The non-adoption policy was continued by the succee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Czech National Bank
The Czech National Bank, ( cs, Česká národní banka, ČNB) is the central bank and financial market supervisor in the Czech Republic, headquartered in Prague. It is and a member of the European System of Central Banks. It was established on from the division of the State Bank of Czechoslovakia as part of the process of dissolution of Czechoslovakia, together with the National Bank of Slovakia. In accordance with its primary objective, the CNB sets monetary policy, issues banknotes and coins and manages the circulation of the Czech koruna, the payment system and settlement between banks. It also performs supervision of the banking sector, the capital market, the insurance industry, pension funds, credit unions and electronic money institutions, as well as foreign exchange supervision. Overview of the Czech National Bank Mission The primary objective of CNB as stated in the Act on the Czech National Bank and the Constitution of the Czech Republic is price stability. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heller (coin)
The ''Heller'', abbreviation ''hlr'', was a coin, originally valued at half a pfennig, that was issued in Switzerland and states of the Holy Roman Empire, surviving in some European countries until the 20th century. It was first recorded in 1200 or 1208 or, according to Reiner Hausherr as early as 1189. The ''hellers'' were gradually so debased that they were no long silver coins. There were 576 ''hellers'' in a ''Reichsthaler'' ("imperial ''thaler''"). After the Second World War, ''hellers'' only survived in Czechoslovakia and Hungary. The ''heller'' also existed as a silver unit of weight equal to of a Mark (weight), ''Mark''. Name The ''Heller'', also called the Haller or Häller (), in Latin sources: ''denarius hallensis'' or ''hallensis denarius'', took its name from the city of Hall am Kocher (today Schwäbisch Hall). Silver coins stamped on both sides (''Häller Pfennige'') were called ''Händelheller'' because they usually depicted a hand. A distinction was made betwe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City Index Group
City Index is a global spread betting, FX and CFD Trading provider. City Index is part of the Nasdaq listed StoneX Group and is regulated by the Financial Conduct Authority in the UK, The Australian Services and Investment Commission in Australia and Monetary Authority of Singapore (MAS) in Singapore. The company has offices in the United Kingdom, Australia, Singapore, and Poland. History City Index was founded by Chris Hales and Jonathan Sparke in September 1983 and started trading in March 1984 offering spread betting. In 2001, the company launched its CFD Trading function in the UK. During 2005, City Index acquired the IFX Group, in doing so procuring FX broker IFX Markets and spread betting provider Finspreads.com. The following year, the group opened offices in Sydney, Singapore and Shanghai to serve clients across the Asia Pacific region. In 2008, City Index purchased FX Solutions, a US market leader in retail and white label foreign exchange services. 2009 saw Cit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Czechoslovak Koruna
The Czechoslovak koruna (in Czech and Slovak: ''Koruna československá'', at times ''Koruna česko-slovenská''; ''koruna'' means ''crown'') was the currency of Czechoslovakia from 10 April 1919 to 14 March 1939, and from 1 November 1945 to 7 February 1993. For a brief time in 1939 and again in 1993, it was also the currency in the separate Czech Republic and Slovakia. On 8 February 1993, it was replaced by the Czech koruna and the Slovak koruna, both at par. The (last) ISO 4217 code and the local abbreviations for the koruna were ''CSK'' and ''Kčs''. One koruna equalled 100 ''haléřů'' (Czech, Grammatical number, singular: ''haléř'') or ''halierov'' (Slovak, singular: ''halier''). In both languages, the abbreviation ''h'' was used. The abbreviation was placed behind the numeric value. First koruna A currency called the ''Austro-Hungarian krone, krone'' in German language, German and ''koruna'' in Czech was introduced in Austria-Hungary on 11 September 1892, as the first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Czech And Slovak Federal Republic
After the Velvet Revolution in late-1989, Czechoslovakia adopted the official short-lived country name Czech and Slovak Federative Republic ( cz, Česká a Slovenská Federativní Republika, sk, Česká a Slovenská Federatívna Republika; ''ČSFR'') during the period from 23 April 1990 until 31 December 1992, after which the country was dissolved into the Czech Republic and the Slovak Republic. Adoption of the name Since 1960, Czechoslovakia's official name had been the Czechoslovak Socialist Republic (''Československá socialistická republika'', ČSSR). In the aftermath of the Velvet Revolution, newly elected President Václav Havel announced that "Socialist" would be dropped from the country's official name. Conventional wisdom suggested that the country would resume the name used from 1919 to 1938 and from 1945 to 1960, Czechoslovak Republic (''Československá republika''). However, Slovak politicians objected that the traditional name subsumed Slovakia's equal s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stimulus (economics)
In economics, stimulus refers to attempts to use monetary policy or fiscal policy (or stabilization policy in general) to stimulate the economy. Stimulus can also refer to monetary policies such as lowering interest rates and quantitative easing. A stimulus is sometimes colloquially referred to as "priming the pump" or "pump priming". Concept During a recession, production and employment are far below their sustainable potential due to lack of demand. It is hoped that increasing demand will stimulate growth and that any adverse side effects from stimulus will be mild. Fiscal stimulus refers to increasing government consumption or transfers or lowering taxes, increasing the rate of growth of public debt. Supporters of Keynesian economics assume the stimulus will cause sufficient economic growth to fill that gap partially or completely via the multiplier effect. Monetary stimulus refers to lowering interest rates, quantitative easing, or other ways of increasing the amount of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Millennium
A millennium (plural millennia or millenniums) is a period of one thousand years, sometimes called a kiloannum (ka), or kiloyear (ky). Normally, the word is used specifically for periods of a thousand years that begin at the starting point (initial reference point) of the calendar in consideration (typically the year "1") and at later years that are whole number multiples of a thousand years after the start point. The term can also refer to an interval of time beginning on any date. Millennia sometimes have religious or theological implications (see millenarianism). The word ''millennium'' derives from the Latin ', thousand, and ', year. Debate over millennium celebrations There was a public debate leading up to the celebrations of the year 2000 as to whether the beginning of that year should be understood as the beginning of the “new” millennium. Historically, there has been debate around the turn of previous decades, centuries, and millennia. The issue arises from the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fixed Exchange-rate System
A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold. There are benefits and risks to using a fixed exchange rate system. A fixed exchange rate is typically used to stabilize the exchange rate of a currency by directly fixing its value in a predetermined ratio to a different, more stable, or more internationally prevalent currency (or currencies) to which the currency is pegged. In doing so, the exchange rate between the currency and its peg does not change based on market conditions, unlike in a floating (flexible) exchange regime. This makes trade and investments between the two currency areas easier and more predictable and is especially useful for small economies that borrow primarily in foreign currency and in which external trade forms a large part of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
