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Czech Republic

Czech banknote wins prize

The International Association of Currency Affairs, an industry body, has announced that the Czech National Bank (CNB) was the runner-up in its Banknote of the Year award for the 1000-krone banknote, issued in April this year.

Koruna's climb hampering economy: CNB officials

Zdenek Tuma, the governor of the Czech National Bank, and Mojmir Hampl, a member of the central bank's rate-setting board, have warned that the appreciation of the koruna is damaging the country's economy, prompting speculation that the central bank will…

Don't stall on euro decision: ex-CNB deputy

Ludek Niedermayer, a former deputy governor at the Czech National Bank, has warned the government against pursuing a wait-and-see strategy on joining the eurozone, describing such behaviour as "a little bit cowardly".

Czech challenges in monetary policy

A new paper published by the International Monetary Fund concludes that Czech National Bank will have to raise rates if the proposed reduction of the inflation target in 2010 is not fully incorporated into public-sector behaviour and inflation is above…

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