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BELGRADE -- Yugoslav Finance Minister Dragisa Pesic told Tanjug Saturday that the measures and decisions taken by the Montenegro government in the monetary area on Nov. 2 were illegitimate and anti-constitutional, because they were adopted contrary to the existing federal monetary regulations.
The Montenegro government on Nov. 2 introduced the German mark as a parallel currency in the republic.
Minister Pesic set out that the purpose of the Montenegro government's measures was to do as much economic harm as possible to Serbia and Yugoslavia.
The Montenegro government has founded a separate, independent bank which can issue money without coverage, thereby creating an inflationary chaos, Pesic underscored.
"The issue of money does not mean only the printing of dinars but also money orders without a coverage, so that the decision taken by the National Bank of Yugoslavia Friday provisionally to suspend the receit of money orders from juristic persons in Montenegro to be paid into the bank accounts of juristic persons in Serbia is legal and in keeping with the duties and prerogatives of the National Bank of Yugoslavia," Minister Pesic stressed.
The measure taken by the National Bank of Yugoslavia will prevent negative consequences for the monetary system, which is threatened by the Montenegro government's measures.
Yugoslav Finance Minister Pesic said that the Montenegro government's measures were a "way to introducing an independent currency and, therefore, a way to independence for the republic."