04/14/2026
Interesting history of the National Bank of Czechoslovakia after WWI. Best translation from Google...
I am handing over to you the most valuable national jewel, our Czechoslovak crown, a jewel that is not made of gold or silver, but of labor.” With these words, the then Minister of Finance Karel Engliš introduced Vilém Pospíšil to the position of the first governor of the National Bank of Czechoslovakia.
The idea of establishing an independent central bank of Czechoslovakia was formulated by Alois Rašín during the time of the Austro-Hungarian Empire. However, the NBČ did not begin its activities until April 1, 1926 – almost eight years after the establishment of an independent state and seven years after the adoption of its own currency.
