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Serbia-Montenegro to get 3.2 tonnes of former Yugoslavia’s gold
Belgrade,
13 May 2005
Secretary General of the Serbian Bank Association (UBS) Veroljub Dugalic said today that Serbia-Montenegro will get around 3.2 tonnes out of the remaining 8.5 tonnes of gold belonging to the former Socialist Federal Republic of Yugoslavia, worth some $40 million at global prices.
Dugalic explained that under the Succession Agreement, Serbia-Montenegro is entitled to 38 percent, Croatia 23 percent, Slovenia 16 percent, Bosnia-Herzegovina 15.5 percent, and Macedonia 7.5 percent of the remaining gold reserves of the erstwhile joint state.
He said that some 8.5 tonnes of gold of the former Yugoslavia will be transferred from banks in France and Switzerland to London for final processing. According to him, the state will then decide whether to keep the gold as reserves or sell it.
He said that some 8.5 tonnes of gold of the former Yugoslavia will be transferred from banks in France and Switzerland to London for final processing. According to him, the state will then decide whether to keep the gold as reserves or sell it.
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