Bulletin - Vlada Crne Gore

Payment of third instalment of old foreign currency
BULLETIN OF THE MINISTRY OF FINANCE/APRIL - JUNE 2006
PAYMENT OF THIRD INSTALMENT
OF OLD FOREIGN CURRENCY
Payment of the third instalment to the amount determined
by their plan of amortization, which matures
on 1st July 2006, will start from Monday 3rd July to
the owners of old foreign currency savings in commercial
banks and regional centres of the Central Bank of
Montenegro. For the payment of the third bond series, 8,7
million EUR is determined by the Budget of the Republic.
Depositors that after 1st July 2004 reported to their
banks and thus have registered themselves in the CDA as
owners of bonds on the basis of converted savings, can
draw the third instalment in the regional centres of the
Central Bank of Montenegro and Pljevaljska Bank AD
Pljevlja, depending on their residence, based on the document
of identification (identity card and passport).
Owners of old foreign currency savings, which haven't
used their right for the payment of the first and second
bond series to the amount of 380 and 530 EUR, from 3rd
July this year can draw all three annuities. They are to go to
the bank where they have their savings deposit book, or to
the related counter of the Central Bank, where they will
receive certificate on conversion of savings into bonds.
Former depositors of Montenegrobanka AD Podgorica
and Jugobanka AD Podgorica in bankruptcy should report
to the related counter of Central Bank of Montenegro.
Legal persons that have acquired old currency savings
bonds by purchase of bonds at the exchange market can
draw the third instalment at the counter of Nikšićka Bank
AD Nikšić.
For new owners of bonds, which acquired bonds on the
basis of the deed of donation, notice of probate of will or
purchase at the exchange market, arrangement of counters
at which they can draw the third instalment depending on
the residence is also determined.
If the owner of old currency savings bonds is not able to
come to the bank, authorized person based on the notarized
court authorisation can draw determined amount of
the third series, instead of the owner.
Owners of old currency savings bonds that have lost
their certificate will be able to get the transcript of ownership
of old foreign currency savings bonds in the Central
Depositary Agency (CDA).
Successors of old foreign currency savings bonds, which
acquired them based on the valid notice of probate of will
for additional information on exercise of their right can
obtain further information in CDA at phone number
081/230-084, contact person Rajka Dragićević.
Detailed information and arrangement of payment
places will be announced by the Ministry of Finance on
Friday, 30th June 2006 in all journals. This information will
be available on all payment places in regional centres of the
Central Bank of Montenegro and in commercial banks.
In June, while the bond payment was temporarily
stopped as was the exchange market trade for better preparation
for free payment of second instalment, data from all
banks on payment of the first instalment and data from the
capital market on bonds that were subjects of the exchange
market trade were unified, which provided security of data
on owners of bonds as securities.
PR SERVICE OF THE MINISTRY
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