Law on Yugoslav National Bank dismissed
The law has been dismissed because the MPs of the Socialist People's Party and the Serbian opposition voted against it, Beta News reported.
For the bill voted 49 MPs, 23 short of 72 votes required for adoption.
Montenegrin Socialists assessed that the law is not necessary because two central banks will be formed in several months under the laws of Serbian and Montenegrin republics.
Replying to objections, Yugoslav National Bank Governor Mladjan Dinkic said that the proposed set of laws does not imply that the Yugoslav National bank will become fully independent.
"Central bank chooses its own mechanisms for carrying out decisions by the federal government," explained Dinkic.
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