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Development of the koruna exchange rate.



HISTORY OF CZECHOSLOVAK CURRENCY.

A currency basket is a base to which the exchange rate of a domestic currency can be pegged in a fixed exchange rate regime if, for some reasons, it is not desirable to peg it to a single foreign currency. The currency basket consists of at least two currencies. These currencies are usually the currencies of the countries of the most important trading partners. The proportions of individual currencies in the currency basket usually depend on their share in the turnover of the trade balance or the current account of the balance of payments.
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