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The state grants for hard currency accounts

Ljubljana, 27 November - If at the next assemblage of the Slovenian parliament the so called Law on Public Debt will be ratified, commercial banks will be obliged to hand surety-bonds to holders of hard currency accounts in Slovenia by the end of February next year. These will have to be paid by the year 2002. These bonds will be payable in hard currencies at an interest rate of 8%. To service these obligations banks will have to form hard currency reserves. In case of bankruptcy of a bank the state will be obliged to pay of the owners of accounts.

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© STA, 1991