WASHINGTON, Sept 30 (Hina) - Croatia should receive some US$114 million from gold and shares of the former Yugoslav central bank, which are stored at the Basel-based Bank for International Settlements (BIS), Croatian National Bank
governor Marko Skreb told reporters in Washington on Thursday. Belgrade authorities however persist in preventing that part of the succession to the former Yugoslav federation process from being implemented, he said. Skreb explained the value of former Yugoslav deposits in the BIS three years ago revolved around US$600 million, but was now one third lower. "With the application of the key used in the past by the International Monetary Fund (IMF), Croatia would be entitled to 28.49 percent of the property," Skreb said. National bank governors of Bosnia-Herzegovina, Croatia, Macedonia, and Slovenia arrived in Washington on Monday as part of the annual IMF-World Ban
WASHINGTON, Sept 30 (Hina) - Croatia should receive some US$114
million from gold and shares of the former Yugoslav central bank,
which are stored at the Basel-based Bank for International
Settlements (BIS), Croatian National Bank governor Marko Skreb
told reporters in Washington on Thursday.
Belgrade authorities however persist in preventing that part of the
succession to the former Yugoslav federation process from being
implemented, he said.
Skreb explained the value of former Yugoslav deposits in the BIS
three years ago revolved around US$600 million, but was now one
third lower.
"With the application of the key used in the past by the
International Monetary Fund (IMF), Croatia would be entitled to
28.49 percent of the property," Skreb said.
National bank governors of Bosnia-Herzegovina, Croatia,
Macedonia, and Slovenia arrived in Washington on Monday as part of
the annual IMF-World Bank assembly. Representatives of the Federal
Republic of Yugoslavia (FRY), the fifth successor state to the
former Yugoslav federation, were absent from this, the eighth
successor states' meeting.
Skreb said Belgrade's blockade did not affect Croatia's
relationship with the BIS because, he added, the Croatian National
Bank was with its deposit a member of the BIS, within which it
functioned normally.
The BIS demands that the gold and 8,000 shares of the former
Yugoslav central bank be divided according to an agreement among
all the successors, but so far Belgrade has been unwilling to
participate.
The Federal Republic of Yugoslavia is neither a IMF nor a World Bank
member, which is why no one from Belgrade was invited to Washington.
Unofficial sources say Yugoslav national bank governor Dusan
Vlatkovic and his deputy may be on the list of Yugoslav officials
who have been denied the possibility of travelling abroad.
(hina) ha