Skopje, 10 October 1997
Press release of the NBRM
In accordance with the monetary policy projection for the last quarter of 1997, the Council of the National Bank of the Republic of Macedonia took a Decision for increasing the denar placements of banks and savings houses extended to subjects from the private and social sector as well as to citizens in November 1997, by Denar 417 million or 4,9% compared to 30.9.97.
At the same time, in order to eliminate the existence of unused credit limits from separate banks, and in conditions when there is an increased interest for higher credit activity with banks which completely used their credit limits, the Decision of the National Bank Council shall create a possibility for exchange of the unused part of the permitted growth of denar placements among banks. If even then a large part of the permitted growth of denar placements remains unused, the National Bank of the Republic of Macedonia shall distribute the unused part among the banks.
National Bank of the Republic of Macedonia Council
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