The Czech National Bank (ČNB) is the central bank of the Czech Republic. Established in 1993, it is responsible for maintaining price stability and managing the country's monetary policy. The bank also oversees the financial system and ensures its stability, which includes regulating commercial banks and other financial institutions. In addition to its monetary policy functions, the Czech National Bank issues the national currency, the Czech koruna. It plays a crucial role in the economy by conducting foreign exchange operations and managing the country's foreign reserves. The bank's decisions impact inflation, interest rates, and overall economic growth.