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Author:  Agence France Presse (Fr)  


Publisher/Date:  November 13, 1999  


Title:  Yugoslav central bank asks court to probe Montenegro move  


Original location: http://asia.dailynews.yahoo.com/headlines/world/article.html?s=asia/headlines/991113/world/afp/Yugoslav_central_bank_asks_court_to_probe_Montenegro_move.html


BELGRADE, Nov 12 (AFP) -- The Belgrade-controlled Yugoslav Central Bank (NBJ) on Friday asked the constitutional court to examine Montenegro's decision to use the German mark as a parallel currency with the Yugoslav dinar, state agency Tanjug reported.

The Montenegrin decision to adopt marks from November 2 was widely viewed as another move by the Yugoslav republic to gain independence from Belgrade.

The central bank, controlled by allies of Yugoslav President Slobodan Milosevic, has already put the squeeze on Montenegro by banning financial transactions from Montenegrin companies to accounts in Serbia.

The bank said the Montenegrin moves were "in collision with the Yugoslav constitution" and demanded that the court halted further measures introduced until the court reaches a decision.

The bank feared the Montenegro move would cause serious problems in the functioning of the Yugoslavia's monetary and foreign currency system, said a statement signed by NBJ governer Dusan Vlatkovic.

According to Yugoslav Central Bank rules, companies operating within Yugoslavia are not allowed to have foreign currency transactions.

For its part, Montenegro decided not to introduce a ban on financial transactions from Serbia, its partner in the Yugoslav federation.

Dissatisfied with its political and economic relations with Serbia, Montenegro has threatened a referendum on independence if Belgrade rejects demands made in August for equal status for the two republics.

Meanwhile, two policemen from the Bosnian Serb entity of Republika Srpska were arrested Thursday in Serbia with "millions of false dinars aimed to destabilise" the Yugoslav currency, a Yugoslav Information Minister Goran Matic said Friday.

Matic accused Western-backed Bosnian Serb premier Milorad Dodik of being behind the operation.

"This scenario of a programmed inflation for Yugoslavia has existed for a long time," he said.

Beside Dodik, Matic also accused Steve Henke, the US economic adviser of Montenegrin reformist president Milo Djukanovic, another fierce critic of Milosevic.

Matic told reporters that the two policemen said they had received the false dinars from "Dodik's security services," without specifying a location of their arrest or ammount of confiscated forged money.

Matic said this was the third time that "false dinars of identical origine" have been confiscated in Yugoslavia recently.

In late October, Matic said that "five to six million false dinars" (about 3.7 million euros, 3.9 million dollars) had been confiscated at the Yugoslav-Hungarian border, adding that he had "proofs" of Dodik's responsibility.


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