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The new Czechoslovak currency and the different approach of Alois Rašín and Karel Engliš

Publication at Faculty of Law |
2019

Abstract

The chapter deals with the activities of A. Rašín in the period 1918-1919 leading to the currency separation and birth of the new Czechoslovak currency and analyzes the basic legal regulations, especially the Act on the Stamping of the Austro-Hungarian banknotes from February 1919 and the subsequent Monetary Act of April 1919.

The author argues why March 1919 should be considered as the date of the creation of the new Czechoslovak currency, attention is also paid to its character. The next part describes the activities of K.

Engliš and his involvement in the Survey on the Solution of Financial and Monetary Problems of Czechoslovakia. Engliš tried to create a new currency and a quasi central bank by enforcing the Act on the Commercial Currency of the Land Bank in Prague in November 1918, which Rašín boycotted.

The final summary shows differences in Rašín's and Engliš's approach to currency separation and the creation of the new Czechoslovak currency.