Zlaté slitky

Economic boom



HISTORY OF CZECHOSLOVAK CURRENCY.

The period from the end of deflationary policy in 1925 to the beginning of the world economic crisis in 1929 and 1930 was a period of high economic boom in the Czechoslovak economy, financial and foreign exchange balance and monetary stability. The favorable development made it possible to liberalize the foreign exchange economy as early as August 1928. The National Bank acted on the foreign exchange market as a regulator only by typical market methods - buying and selling foreign exchange, in order to act to maintain a stable exchange rate. Czechoslovakia has become one of the most economically developed countries in the world, and names like Baťa, Kolben, Ringhoffer, Laurin and Klement have become synonymous with entrepreneurial ingenuity, diligence, ingenuity and have been recognized by the whole world.
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