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Novi korisnik |
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Article 1
The present Law shall deal with the conditions for and the way of regulating the commit-ments based on the household foreign exchange savings referred to in Article 2 of the Law on the Settlement of Commitments Based on Household Foreign Exchange Savings (Službeni list SRJ, Nos. 59/98, 44/99 and 53/2001)(hereinafter: the Law) which have been converted into time de-posits with authorised banks and which constitute a public debt of the Federal Republic of Yugo-slavia pursuant to Article 4 until the effective date of the present law.
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Article 2
The public debt referred to in Article 1 of the present Law amounts to € 4.00 billion and it includes the following:
- Household foreign exchange savings as on 31 March 2002 amounting to € 3.05 billion, calculated as the difference between the amount of foreign exchange savings with authorised banks referred to in Article 2 of the Law, as on 31 December 1997 and the payments effected prior to 31 March 2002;
- Interest accrued, calculated at the rate of 2% a year, and the difference on exchange calculated for the period from 1 January 1998 to 31 March 2002, amounting to € 0.38 billion;
- Interest calculated at the rate of 2% a year for the period from 1 April 2002 to due dates determined by the present Law, amounting to € 0.57 billion.
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Article 3
The commitment of the Federal Republic of Yugoslavia based on the public debt determined pursuant to Article 2 of the present Law shall become the commitment and debt of the Republic of Serbia and the Republic of Montenegro as of the effective date of that Law, in proportion to the foreign exchange savings of citizens residing in the territories of these republics.
