Yugoslavia sees monetary stability behind reform

YUGOSLAVIA - Addressing Nis University School of Economy students late on Tuesday, National Bank of Yugoslavia (NBY) Governor Mladjan Dinkic presented the results of his two-year work, stressing that the achieved monetary stability was one of the most important conditions for the success of economic and fiscal reforms.

He said that the country's hard currency reserves amounted to 2.1bn dollars, that commercial banks' reserves had reached the amount of 900m dollars, and that this amount of 3bn