Cashing in old savings bonds at full value begins

- Those who wanted to cash in these bonds could have done so at the stock exchange, but can count on 100% of their nominal value starting today – explained Gujanicic to Tanjug and stated that the bonds could be cashed in at the bank in which the owner had registered them.

He reminded that the bonds had been issued because the state wished to regulate the debt of EUR 3.7 billion towards old depositors following the collapse of banks, especially Jugoskandik and Dafiment Bank.

- It was done to reinstate the trust in the banking system following 5 October 2000. The state also recognized the interest rates, and the amount reached around EUR 4.2 billion – he said.

Former Minister of Finance and Economy Mladjan Dinkic commented on his Twitter account on May 31, claiming that the suggestion was his and stated that citizens had been thus repaid EUR 3.7 billion in the past 15 years.

“15 years ago, at my suggestion, the law on repaying old foreign currency savings was passed. The payment of the final installment begins today”, he wrote.

- This is money that everyone already thought was lost – he stated.

Dinkic also wrote that the return of old foreign currency savings, which remained frozen throughout the 1990s, was the key step towards the reinstatement of trust in banks.