PREMIER VALENTIC ON ECONOMIC REFORM

ZADAR, Nov 12 (Hina) - "Without social quakes and the fall of production we shall reduce inflation to 5 percent, which is 10 times less than it was. After that the increase of production and other steps will continue. We have good strategic stockpiles and foreign currency reserves and we have managed to stabilize the budget and to establish order in payments. Thus, the main steps have been taken, but they are only the first steps." This was stated by the Croatian Premier Nikica Valentic in a conversation with the representatives of the local city and county administration in Zadar today. Talking about the Croatian Dinar cash problems in the banks, Premier Valentic said that "there are dinars", (...) but that "the insolvent banks do not have them." (End) 121628 MET nov 93