1. DEVALUATION OF THE YUGOSLAV DINAR 2. POSSIBLE SHAKEUP IN YUGOSLAV MINISTRIES OF TRADE AND FINANCE

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00457R008600530004-9
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 2
• Document Creation Date: December 14, 2016
• Document Release Date: November 27, 2000
• Sequence Number: 4
• Publication Date: September 14, 1951
• Content Type: REPORT

ITr1 LOFAX 18
Approved For Release 2001/03/06CcCFA4400457R008600530004-9
? " OF 'IGIAT
CLASSIFICATION C =69 ~z 8
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25X1 A
CENTRAL INTELLIGENCE AGENCY
REPORT NO.
COUNTRY
I f ATl REPORT
Tuosiavia.
CD NO.
DATE DISTR.
ii Sept. 1951
SUBJECT
1. Devaluation of the Yugoslav Dinar
No. OF PAGES
2
2 o Possisbie Shakeup in Yugoslav Ministries
PLACE 25X1o1 Trace and F Lnance
ACQUIRED A
DATE OF 25X1 C
INFO.
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NO. OF ENCLS.
(LISTED BELOW)
SUPPLEMENT TO
REPORT NO
1s The Yugoslav economic and currency reforms which were originally scheduled
to take effect on 1. October 1951 have now been postponed to I November 1951
and the Yugoslav Assistant, Minister of Foreign Trade, Milos Lalevic1, is
alleged to have expressed doubt that the reform program can be implemented
before 1 January 1952 because of "anticipated difficulties" and the
necessity to proecd slowly with any such reform. The laws institut:ulg the
r?eforrn are reportedly to be presented to the next Yugoslav Parliament said
to be scheduled to meet in mid-September of 1951. 25X1 C
2, Assistant Minister of Foreign Trade Lalevic has declared that
the dinar is to be devalu4ted1 and the exchange rate first pegged at a
minimum of 300 dinars to the dollar, then gradually to be increased to 500
di.rrarz to the dollar. The dollar-dinar exchange rate currently in use in
inter Yugoslav Governmental Agency transactions is at the free market rate,
The recent economic reforms attempted in Zone B of the Free Territory of
Trieste are alleged to be a complete failure up to the present time,
new Yugoslav Economic Comr ittes,b
1 A shakeup is expected of personnel in the Yugoslav Ministries
of. Trade and Finance where discord within these Ministries is allegedly on
the increase. There is conjecture on the possibility that either Milentije
Popovic3 or Dobrovoje Ftadosavijevic may be replaced, The name of Svetoz4r
(Tempo) Vukmanvvic5 has been mentioned as being considered as the head of a
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25X1 A 1. Ccsmment: Your attention is called to 13 July
25X1 A 79 t which rcoorted on Yugoslav preparations to devalue the dinar in
Zone B. - reported on the possibility of. currency reform in
March 19510
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2 Comment: the alleged
s"'emen c i~rench Military Attache in Belgrade to the effect that
the "now economic plan is apparently working well in Zone B O
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,an EEUG-Mmen-G: the possible arrest of ililentije
PsspoA~i.c?`,# Mini-: r of Foreign Trade, on suspicion of FD Com1nfcarmism",
14? 4.._.~ Co'mrnent Yugoslav Minister of Finance,
CONFIDENTIAL
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Class. Changed To: TS S
Date: --:
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