Act No. 39 / 1948 Coll.
Law on the currency of Czechoslovakia
Valid
Effective from 24.04.1948
39.
Law
of 11 March 1948
on the tender of the Czechoslovak currency.
The Constitutional National Assembly of the Czechoslovak Republic decided on this law:
Czechoslovak tender.
(1) The legal tender throughout the national territory are banknotes issued by the Czechoslovak National Bank, also small tender and commemorative coins issued by the State. Small tender is coins and small paper money (§ 3).
(2) The tender covers Czechoslovak crowns (KCs).
(3) The crown is divided into 100 pennies.
(1) The text of the banknotes is Czech or Slovak and contains in addition to the amount the date of issue, the printed signature of the bank and the criminal threat that counterfeiting is punishable by law.
(2) The issue and withdrawal of individual types of banknotes will be announced by the Czechoslovak Finance Minister in the Collection of Laws and Regulations, as announced by the National Bank.
(3) Banknotes whose withdrawal has been declared pursuant to the preceding paragraph are exchanged by the Czechoslovak National Bank for two years from the date on which they ceased to be legal tender.
(1) Coins are 50, 20, 10, 5, 2 and 1 CZK and 50, 20 and 10 cent. There is a state emblem on the coin with the inscription "The Czechoslovak Republic," the designation of value and the year of embossing. Instead of coins denominated in Czechoslovak crowns, small money may be issued on behalf of the State in paper form, in Czech or Slovak versions.
(2) The issue and withdrawal of small tender (paragraph 1) will be announced by the Minister for Finance in the Collection of Laws and Regulations.
Small tender may be issued for a maximum of 400 CZK per head. Small tender, which is reported by the National Bank of Czechoslovakia as cash, is included in the total of the issued small tender.
(1) In memory of events of national significance, individual coin types can also be raided as commemorative coins, but in each case at most two million units. Coins and commemorative coins issued up to now shall not be added to the aggregate permissible value of small tender.
(2) The government may issue as a coin commemorative and a hundred crowns by decree, but in each case not more than one million pieces. The scope of the obligation to accept them as tender is laid down in a government regulation.
If such a stock of the same type of coins is collected from the Czechoslovak National Bank that for at least six months it reaches at least 10% of such coins for circulation at all accepted, the government is obliged to replace the Czechoslovak National Bank at its request for circulation the necessary 10% of the coins at its choice and the possibility of either a different type of coin or banknotes.
Cash flow.
(1) Everyone is obliged to accept banknotes as tender without limit.
(2) Small tender is accepted by state and other public funds and monetary institutions without limitation. Other persons are not obliged to receive more than 50 head of the same type of coin and more than 100 head of the same type of paper small money.
Halar salaries, whether cash or otherwise, are rounded up so that the rest of 1 to 5 pennies do not pay attention and for 6 to 9 pennies a whole 10 pennies is paid.
(1) The Czechoslovak National Bank is obliged to exchange, on the basis of its reserves, unused tender for other values and tender for equivalent or other value.
(2) Postal offices are obliged, unless they are seriously suffering from this, to replace, within the limits of the economic need, small currency not used or spent in circulation for other values.
(3) State and other public treasuries accept circulation-worn tender as legal tender but do not put it into circulation.
The Czechoslovak National Bank is obliged to replace tender with worn, contaminated or unintentionally damaged tender. In respect of less than one banknote, it shall pay compensation according to the area area of the banknote presented to the remainder, where it shall not provide compensation for the remainder of the banknote not exceeding 1 / 10 of its area. For less than a small amount of paper, it provides compensation only if the part submitted is at least half the area area of the tender, by providing half the nominal value for the part not exceeding three quarters of its area area and for the larger part full compensation. It has the right to charge a fee equal to approximately production costs for the replacement of whole tender damaged otherwise than in circulation.
(1) The National Bank of Czechoslovakia and the State and other public coffers are entitled to collect counterfeit or broken receipts without refund.
(2) In the case of banknotes and small money, the Czechoslovak National Bank, the State Mint Coins, decides whether to use circulation or other damage or counterfeiting.
Protection of legal tender circulation.
(1) It is prohibited:
(a) collect, without economic needs or above, the small tender necessary for trade, in particular coins;
(b) damage legal tender;
(c) refuse, without legal reason, legal tender at all or bind their acceptance to certain conditions;
(d) by any means, disseminate false messages which may interfere with the circulation of legal tender.
(2) Those who act intentionally against the prohibitions referred to in the preceding paragraph shall be punished, if not for a more severe criminal offence, by a criminal court with a financial penalty of between 50 CZK and 20,000 CZK or by a prison of 24 hours to one month.
(1) It is prohibited to issue substitutes for legal tender, except in exceptional cases the approval of the Ministry of Finance in agreement with the Czechoslovak National Bank would give the necessary approval. Without consent to issue, it is forbidden to produce substitute legal tender in any way.
(2) Replacement of legal tender is any mark which, instead of legal tender, is to be permanently or temporarily fulfilled for an economic or legal purpose.
(3) Any person who unjustly produces or makes substitutes for legal tender, who knowingly issues such wrongfully manufactured spare tender for circulation, puts them into circulation, maintains them, pays them or accepts them for the tender, will be punished, unless more severely punishable, by a court for criminal offences of up to 50.000 CZK or by imprisonment from three days to six months.
(4) Whoever commits an offence under the preceding paragraph or under § 12, paragraph 1, even though he has already been lawfully convicted for such an offence, shall be punishable, unless three years have elapsed since that conviction, by a prison of one to six months and by a penalty of 1.000 CZK to 100,000 CZK.
(5) In the judgments, the court shall state that the surrogates, retainers, stacks or other means of reproduction thereof, as well as any gain from the offence, shall be forfeited to the State, even if they are not convicted by their owner and irrespective of the rights of third parties or the rights of third parties.
(6) Any person who unjustly issues the replacement tender shall be obliged to take the value of the money received by the Treasury.
(7) The court, acting on a proposal from the Financial Prosecutor in criminal proceedings against the publisher, shall decide on the right to issue the value received by the publisher for surrogates, and, failing that, in criminal proceedings against any other person in accordance with paragraph 3, shall be liable. In this case, it must be sent to the main proceedings of the publisher or his legal representative, following the legal successor of the publisher. The defendant's rights are attached to these people. The decision will become a finding, given at the same time as the judgment. Until such time as it is found, the appeal shall be lodged with the appellant; it is delivered within eight days of the first judgment.
(1) Any person who, without the prior permission of the Ministry of Finance, produces or produces for any purpose items imitating the regulation of legal tender shall be punished, unless the offence is more strictly punishable, by a court for the offence by a penalty of 50 Kns to 10,000 CZK or by prison from 24 hours to 14 days.
(2) Paragraph 13 (5) applies mutatis mutandis.
(1) The trial of offences referred to in Sections 12 to 14 is criminal.
(2) The transfers referred to in § 12 to 14 shall be suspended one year after the crime has been committed.
(3) Cash penalties imposed under this law are imposed in the Treasury.
The Minister of Finance may, in cases where the collection of small tender has gained such an extent as to jeopardise fair trade, provide, after hearing the National Bank of the Czechoslovak Decree in the Collection of Laws and Regulations, for a derogation from the provisions of § 7 (2), to reduce the nominal value of such tender and to take it out of circulation for compensation under their nominal value or without compensation.
Final provisions.
It is hereby repealed, after the applicability of the Act of 18 May 1938, No 101 Coll., on the Small Money System, the Government Order of 29 August 1924, No 189 Coll., on the protection of the circulation of legal tender, which implements Sections 4 and 6 of the Act of 14 December 1923, No 7 Coll. on the protection of the Czechoslovak currency and the circulation of legal tender, and the Government Order of 22 October 1942, No 372 Coll., on the rounding of halers' salaries.
This Law shall take effect on the 15th day following its publication; It shall be implemented by the Finance Minister in agreement with the Ministers involved.
Dr Beneš v. r.
Gottwald v. r.
Dr Dolansky v. r.
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Regulation Information
| Citation | Act No. 39 / 1948 Coll., on the currency of Czechoslovakia |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 09.04.1948 |
|---|---|
| Effective from | 24.04.1948 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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