Croatia
Croatian payment settlement institute to be axed
CROATIA - The Croatian Payment Settlement Institute (ZAP) is to be abolished. Its functions will be divided between the central bank and commercial banks.
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.
CNB bill to increase bank's accountability-fin min
CROATIA - During a debate in parliament on the new Croatian National Bank bill, deputy finance minister Damir Kustrak said that the bank's independence would be increased but at the same time it would have to be more accountable to parliament.
IMF praises Croatia's economic programme
Croatia's authorities deserve to be praised for their three-year economic programme, the IMF's Stanley Fischer said on Mar 19, 2001 after the IMF approved a 14-month stand-by credit for $255 million for Croatia.
Price stability remit for Croatian Cbank
Croatia's parliment is to debate a new central bank law to reform the payment system and give the central bank more independence.
Slovenia should insist on IMF formula
There are no sound reasons for changing the IMF formula to divide the assets which used to belong to the former Yugoslavia and are currently deposited in the Bank for International Settlements (BIS), said the parliamentary finance committee on Jan. 24.
Croatia:HNB expects positive economic developments
The Croatian National Bank (HNB) expects positive changes in the economy to resume this year so that the GDP rate could grow by 4% and the export rate by 9%, HNB Governor Zeljko Rohatinski told the parliament on Jan. 24, 2001.
IMF back in Croatia for stand-by talks, cbank says
An International Monetary Fund mission has returned to Croatia to resume talks over the next week on a stand-by arrangement, the central bank said in a statement on Wednesday.
Failure to reach agreement over ex-Yugo gold
The governors and vice-governors of central banks which emerged after the break-up of the former Yugoslav federation failed to reach an agreement on the distribution of gold and foreign currency reserves at the International Bank for Settlements in Basel…
Belgrade sees progress in dividing ex-Yugo gold
Yugoslavia said on Monday it hoped to quickly reach a deal with other members of the old six-member Balkan federation on dividing up gold assets held with the Bank of International Settlements.
Rohatinski steps down until new cbank law passed
Croatia's central bank governor Zeljko Rohatinski said on Friday he would step down until parliament passed a new law which will regulate the work of the monetary authority in line with European criteria.
Macedonia seeks bigger share of Yugoslav gold
Governor of the Central Bank of Macedonia Ljube Trpeski said that Macedonia and Bosnia-Herzegovina will request the Bank for International Settlements in Basel to change the formula for sharing of foreign currency reserves in gold of the former National…
Macedonia, Bosnia want share of FRY gold reserves
Today, on his return from Sarajevo, where a meeting had taken place of the heads of the national banks of the countries that emerged after the Socialist Federal Republic of Yugoslavia broke up, Ljube Trpeski, governor of the Bank of Macedonia, stated…
Governors under siege
The Quarterly Journal of Central Banking says in an editorial that far-reaching international movement during the 1990s to grant centralbanks legal independence has represented a major step forward in publicpolicy, but, as recent events have demonstrated…
New monetary policy instrument in Croatia
The Croatian National Bank has decided to introduce unified obligatory reserve requirements on kuna and foreign currency deposits.