Yugo banks told to prepare for international audit

Yugoslavia's central bank told commercial banks on Wednesday to prepare for international auditors as monetary authorities tried to assess the banking sector ahead of planned reform.

This first audit of banks would also be a step towards boosting the central bank's control of the sector, Radovan Jelasic, adviser to the central bank governor on the banking system, told a meeting of the Yugoslav Banking Association.

"So far this has been the weakest sector in the National Bank of Yugoslavia. We

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