Czech National Bank

Czech National Bank
Česká národní banka (in Czech)
Logo of the Czech National Bank
Logo of the Czech National Bank
HeadquartersPrague, Czech Republic
Coordinates50°05′13″N 14°25′42″E / 50.08694°N 14.42833°E / 50.08694; 14.42833
EstablishedJanuary 1, 1993
Ownership100% state ownership[1]
GovernorAleš Michl
Central bank ofCzech Republic
CurrencyCzech koruna
CZK (ISO 4217)
Reserves62 630 million USD[1]
Preceded byState Bank of Czechoslovakia
Websitewww.cnb.cz/en/
ČNB headquarters in Prague
ČNB branch in Brno
ČNB branch in České Budějovice
ČNB branch in Ostrava

The Czech National Bank, (Czech: Česká národní banka, ČNB) is the central bank and financial market supervisor in the Czech Republic, headquartered in Prague. It is a member of the European System of Central Banks. It was established on 1 January 1993 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.

  1. ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.