Ex-Yugo states agree on division of gold reserves

YUGOSLAVIA - The five states that emerged from ex-Yugoslavia have agreed on the division of gold assets worth some $477 million, Yugoslavia's central bank governor said on Apr 11.

"For the time being, the agreement has only been initialled. Now it has got to be approved by central bank governors of all successor states," Mladjan Dinkic said.

If the deal is approved, the gold assets will be formally divided in Jun 2001 during the annual meeting of the Basle-based Bank for International Settlements

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