Yugoslavia - Self management socialism and the challenges of development (Vol. 5 of 6) : Appendices I-VII

Repo,'t No. .16,a-YU L EK \f. I II rv-%4 I ,~r r~ ,~ Lnaienges or Development (In Six Volumes) Volume V Appendices I-VI March 2a, 1978 Europe. Middle East and North Africa Region FOR OFFICIAL USE ONLY Document of the World Bank This document haska restricted distribution and m.ay be used by recipients only in the performance of their official duties. Its conLents may not otherwisce be WincorI ithout World Bank authorizat[on.  CURRENCY EQUIVALENTS Before January 23, 1971 1 US dollar = 12.5 dinars 1 Dlinar = 8 US cents From January 23, 1971 to December 22, 1971 1 US dollar = 15.0 dinars 1 Dinar - 6.67 US cents From December 22, 1971 to July 12, 1973 1 US dollar = 17.0 dinars 1 Dinar = 5.89 US cents Since July 12, 1973 The Dinar has been floating. The rate of December 31, 1977 was 1 US dollar = 18.445 dinars 1 Dinar - 5.42 US cents  FOR OFFICIAL USE ONLY APPENDIX 1 GLOSSARY OF FREQUENTLY USED LEGAL AND SYSTEM TERMS The subsequent alphabetic glossary provides brief definitions and explanations of some key terms and concepts translated literally from the Serbo-Croatian. These terms and concepts are capitalized throughout the report. Bank: Organizations of Associated Labor, Communities of Interest in Economic Affairs and other social sector legal persons may be Self-Management Agreement set up a bank as a special organization in charge of the conduct of credit and other bank activities. Socio-political Communities or their agencies are excluded from joining a bank. The bank is managed by its founders with the actual duties carried out by the bank's staff which has the status of a Work Community with the legal right and restrictions assigned to the latter. The new Law on Banking distinguishes (apart from the National Bank system regulated by different legislation) three types of banks: (a) "Internal Banks": founded by BOALs of enterprises or of A,Rsnr1atPd Lahor; (b) "Bas r RqnsQ" fn