BiH got 460 million BAM from succession

December 24, 2012 10:34 AM

In the past eight years, BiH received 460 million BAM from succession from the deposits of People’s Bank of Yugoslavia and other banks.

Head of the department for succession of financial assets and liabilities of the former Socialist Federative Republic of Yugoslavia Slavko Simovic said that this amount includes 125 million USD that BiH should receive from Russia and whose return was agreed upon.

“The manner in which we will collect our claims will be regulated by a bilateral agreement between BiH and the Russian Federation. Debt will likely be repaid by building some objects or some repairs, given the fact that debt comes from trade,” said Simović.

The information of the Ministry of Finance and Treasury of BiH on the implementation of Annex ”C” of the Agreement of succession issues of former Yugoslavia, which was adopted last week by the Council of Ministers, said that the distribution of money that was in the U.S. banks is over and that BiH will get 36.83 million USD.

According to the information of the Ministry of Finance and Treasury on the implementation of Annex “C“, the question of money lying in eight mixed banks is still unresolved.

The information alleges that two of these banks went bankrupt, two are in the process of liquidation, and the issue of banks in Austria, France, England and Cyprus needs to be solved.

The total value of the claims of all the countries of the former Yugoslavia was 645 million USD, and on that basis BiH should get around 100 million USD.

 

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