ARHIVELE OLTENIEI - Universitatea din Craiova

90Georgeta Ghionea, Loredana lIinstate directed the process of production, providing the raw materials and alsousing them 16 . In spite of every measurement they took, it couldn’t remove theexploit and sabotage.Afterwards the provisions of the law of nationalization of RomanianNational Bank were completed through the Law of controlling the using ofcredits (2 nd July 1947) through which was extended the control on natural andlegal persons who benefited the credits from banks and credit institutions 17 .Through the law was established that the credit solicitants should use moneyonly with the purpose it were taken for. There were stipulated amends andpenalties in case of infringement of the Law of using the credits. If theauthorities or the Romanian National Bank’s mandatory were deliberately hidingor misrepresented what they have noticed, the sanction was prison between 3or 6months and 2 years and the amend between 2 and15million 18 .With the object of putting into practice this law, the Romanian NationalBank set up a control corps, which had to supervise and control the elaboratednorms to accomplish credit operations and performing a preventive control ofgranting them 19 .Simultaneously were appointed permanent mandatory at public orprivate mandatory, which had the task to guide leader’s institutions in puttinginto practice these norms, to control if the loans, which were granted, werelegally.In case they found violations in the Romanian National Bank norms, theauthorities had to make a process-verbal, where they stipulated the committedinfringements of the law. There were also adopted other financial laws whichestablished the setting of actions from share-holders companies, the regime ofcommodities from aboard paid or accounted by traders, industrialists and otherowners of Romanian commodities through estimates placed at disposal byRomanian National Bank.Transformed through the nationalization after 1946 the new bankinginstitution had the following tasks: it granted credits to industrial enterprises andto agriculture; it controlled how the banks distributed credits, reserves, savings,it supervised beneficiaries’ credits, it assured the terms for preparing themonetary reform 20 .One of the obstacles the state had in the period of economicalreconstruction was the monetary inflation. Its causes must be searched in thefinancial and economical situation from the end of The Second World War thatwere: Romania supported important material damages as the result of militaryoperations, industry and transport network were disorganized; our country was16 Dumitru C. Bontaş, op. cit., p. 28.17 „Monitorul Oficial”, partea I, nr. 159 din 15 iulie 1947, p. 6023.18 Ibidem.19 Dumitru C. Bontaş, op. cit., p. 31-32.20 Ibidem, p. 33.