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Czech National Bank    
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The Czech National Bank (CNB) is the central bank of the Czech Republic and the supervisor of the Czech financial market. It is established under the Constitution of the Czech Republic and carries out its activities in compliance with Act No. 6/1993 Coll., on the Czech National Bank and in compliance with other regulations.

 

The supreme governing body of the CNB is the Bank Board, consisting of the CNB Governor, two Vice-Governors and four Chief Executive Directors. All Bank Board members are appointed by the President of the Czech Republic for a six-year term.

Under Article 98 of the Constitution of the
Czech Republic
and Act No. 6/1993 Coll., on the Czech National Bank, as amended, the primary objective of the CNB is to maintain price stability. Achieving and maintaining price stability, i.e. creating a low-inflation environment in the economy, is the central bank’s ongoing contribution to the creation of conditions for sustainable economic growth. Central bank independence is a prerequisite for effective monetary instruments conducive to price stability.

In accordance with its primary objective, the CNB sets monetary policy, issues banknotes and coins and manages the circulation of currency, 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.

 

The CNB’s headquarters are in Prague. Seven regional branches are located in Prague, Ústí nad Labem, Plzeň, České Budějovice, Hradec Králové, Brno and Ostrava.

 

Česká národní banka

Na Příkopě 28, 115 03  Praha 1
Phone: +420 224 411 111
Fax: +420 224 412 404

e-mail: info@cnb.cz 

 

More information at: www.cnb.cz