Unblocked Funds Remitted to the CBBH Account

4/30/2003

The unblocked assets of the National Bank of the former Yugoslavia in the amount of USD 36.837.127,56 have been remitted to the account of the Central Bank of BH (CBBH). These assets were blocked in the USA.

USA have unblocked foreign reserves of the National Bank of the former SFRY worth USD 238 million and according to the distribution key that was defined in the Agreement on succession issues, 15,5 percent of this money belongs to BH, which is USD 36.837.127,56.

The instruction to the CBBH to take over those assets was given by the Ministry of Finances and Treasury of BH based on the authorization of the Council of Ministers of BH.

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