Decree of the State Bank of Czechoslovak No. 155 / 1989 Coll.
Decree of the Czechoslovak State Bank on the circulation of legal money and the provision of compensation for damaged money
Valid
Effective from 01.01.1990
155
DECLARATION
Czechoslovak State Banks
of 17 November 1989
on the circulation of legal money and the provision of compensation for damaged money
According to § 16 (b) and (c) of Act No. 130 / 1989 Coll., on the State Bank of Czechoslovak:
Cash flow
(1) The State Bank of Czechoslovakia, banks, savings banks, post offices and other legal entities (hereinafter referred to as "legal entities") and natural persons are required to receive valid Czechoslovak banknotes (hereinafter referred to as "banknotes") without restriction.
(2) Legal persons are required to receive valid Czechoslovak coins (hereinafter "coins') except commemorative coins without restriction.
(3) Natural persons are required to receive coins, except commemorative coins, up to an amount of 50 CZK, but not more than 10 coins of the same value.
(4) Valid commemorative coins must be accepted for exchange or payment by the Czechoslovak State Bank, banks, savings banks and post office.
(5) The obligation of natural persons to receive money referred to in paragraphs 1 and 3 shall apply only to unspent and undamaged money.
(6) Legal persons are also obliged to receive money worn out by circulation (e.g. dirty, creamed, torn) if they are whole and whole, if they are paid by them. The received spent money cannot be put back into circulation.
The exchange of money of certain values for money of other values is carried out by the Czechoslovak Bank and the Bank. According to their cash situation and operating conditions, savings banks and post offices shall also exchange.
Money Pack
(1) Where legal persons transfer money to each other or transfer money to legal persons, they shall classify the payer by value. Banknotes of the same value of the payer tape into packages of 100 pieces, and coins of the same value packed in bags of 100 pieces or in scrolls of 50 pieces. Banknotes must be compared by side and direction of the text in the package and cleaned. Of the 10 full packages of banknotes of the same value, a banknote volume is created.
(2) The number of pieces entered, their value and the aggregate amount shall be indicated on the tapes and on sacks or rolls with coins. If the money is transferred by a legal person, the money bands and bags or rolls with coins must bear their name and address.
(3) Where legal persons are passing in circulation worn-out money separately from unused, they shall indicate packages of worn-out banknotes or worn-out coin bags with the text "Useless Money 'or the marked letter" N'. Damaged banknotes (Section 5), if they are whole, are placed in packages of money worn out.
Counterfeit and modified money
(1) Counterfeit, amended or suspected money ("counterfeit money") shall be collected by legal persons on a receipt without refund and sent together with a copy of the certificate to the Czechoslovak State Bank.
(2) The certificate shall state the surname and name of the person who submitted the counterfeit money, his / her birth number or date of birth, residence, identity card number according to which the identity has been verified, the type and value of the banknote, its series and the number of coins, the value and the year of the stamping.
(3) Legal persons shall comply with the legal reporting obligation (1) in the event of the detection of counterfeit money by reporting the case to the district (district) administration or other department of the National Security Corps or to the prosecutor.
Exchange of damaged money and provision of compensation for less than
(1) Money damaged other than by circulation (e.g. banknotes burned, torn, glued, described, covered, greased, washed and other, coins corroded, etched, damaged by heat and others) shall be exchanged by banks, savings banks and post offices at their full nominal value without any precipitation, or accepted at the time of payment.
(2) They only exchange money where there is no doubt about their authenticity. If a bank, savings bank or post office has doubts about the authenticity of the money, it will take it to a receipt and send it to the Czechoslovak State Bank.
(1) Where a banknote consisting of several parts is presented for exchange or for measurement of the refund, it shall be considered as a whole only if there is no doubt that the individual parts belong together (e.g. by number or by edge shape at the point of rupture). In doubt, each part submitted shall be assessed separately.
(2) In the case of banknotes which are not whole, i.e. those for which part of them is missing, they provide compensation according to the area area area submitted to the rest of the Czechoslovak State Bank, banks and savings banks.
(3) Refunds
(a) at the nominal value of the banknote, where the remainder is submitted in excess of three quarters of the banknote area;
(b) one half of the denomination, if the remainder is half to three quarters of the banknote area;
(c) at the rate of one quarter of the nominal value, if the remainder is more than one quarter and less than half of the banknote area.
(4) No refund shall be granted for the remainder of the banknote of less than one quarter of the area area.
(5) The area area shall be calculated according to the grids which divide the area of the banknote into 100 equal fields.
(6) Entries which are covered by the rest of the banknote shall be counted against the area of the banknote.
(7) Banks and savings banks are sending in part of the banknotes for which compensation has been calculated to the Czechoslovak State Bank, which shall reimburse them for the amounts granted in accordance with paragraphs 2 to 6. Details shall be provided for in the Czechoslovak State Bank Agreement with the Bank or Sparkasse KölnBonn.
(8) Under an agreement with the State Bank, a legal person other than a bank or savings bank may provide compensation for less than the euro banknotes.
Damaged banknotes for which, due to the nature of the damage, no compensation can be calculated in accordance with Section 6 (e.g. charred, crumbling, decayed, etc.), shall be sent by natural and legal persons to the Czechoslovak State Bank together with an application for compensation indicating how the damage occurred. The consignment must be marked with the following text: "Damaged money."
Final provisions
(1) In cases of special consideration, the Czechoslovak State Bank may allow an exemption from the provisions of Paragraph 6 (3).
(2) In the case of counterfeit money, which could not be identified due to its high quality, the Czechoslovak State Bank may, upon request, provide compensation for the damage caused by their acceptance.
The Guidelines of the Czechoslovak State Bank of 22 July 1960 on the granting of compensation for money damaged by the publication of the Official Journal of the European Union (L 34 / 1960) are hereby repealed.
This Decree shall take effect on 1 January 1990.
Chairman of the Czechoslovak State Bank:
Ing. Diving v. r.
1) Paragraph 8 (1) of the Code of Criminal Procedure.
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Regulation Information
| Citation | Decree of the State Bank of Czechoslovakia No. 155 / 1989 Coll., on the circulation of legal money and the provision of compensation for damaged money |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 15.12.1989 |
|---|---|
| Effective from | 01.01.1990 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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