Yugoslav Bank governor says gold reserves amount to 132m dollars
BBC Monitoring Service - United Kingdom, Oct 13, 2000, 207 words
Text of report by Serbian news agency Beta
Belgrade, 12th Oct: Yugoslav National Bank [NBJ] governor Dusan Vlatkovic said today that the Yugoslav gold reserves at the disposal of the central bank amounted to 132m dollars.
"This gold was not moved in any way, nor was there a contract to have this gold transferred somewhere else," Vlatkovic said at a news conference in the NBJ.
He pointed out that one part of the gold was located in Basel, but that it was not at the FRY's disposal because the former Yugoslav republics were claiming their rights to the gold, although it originated from the kingdoms of Serbia and Montenegro.
Vlatkovic said that the overall foreign currency reserves were so high that the FRY - after the sanctions are lifted - "could count on moving towards recovery quickly" and towards the establishment of a federal foreign currency market.
He added that the NBJ had a plan for the establishment of a realistic dinar exchange rate and the possibility of keeping it at that level. We have discussed this, but the condition for this is the formation of a government, Vlatkovic said.
The NBJ governor appealed against the prevention of the payment of 40m dollars that the federal government had approved for the servicing of some federal service debts and debt repayment.
Source: Beta news agency, Belgrade, in Serbo-Croat 1511 gmt 12 Oct 00 /BBC Monitoring/ © BBC.
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