Decisions adopted by the Governing Board on the occasion of its 337th regular meeting on 13 September 2006

09/13/2006 / Press release

  1. At today’s meeting the Governing Board of the Bank of Slovenia took the decision that on the Bank of Slovenia’s exchange rate listing published on 29 December 2006 and valid from 12 am on 30 December 2006 forth the middle exchange rate for the euro will be equal to the conversion rate, thus eliminating any grounds for minimal exchange rate differences between the closing balance sheet for 2006 and the opening balance sheet for 2007. On 1 December 2006 the Governing Board will also abolish the foreign currency cash maximum prescribed by the regulation on the conditions under which and method by which residents may accept and make payments in foreign currency in transactions with non-residents. By using money from their foreign currency cash holdings, legal persons will thus be able to provide a quantity of cash in euros sufficient to ensuring that their initial trading in the first days of the new year proceeds smoothly.
  2. The Governing Board abrogated the regulation on residents’ and non-residents’ obligation to purchase and sell foreign currency solely from persons that have acquired the Bank of Slovenia’s prior approval for conducting such transactions, and the obligation to report on the transactions so conducted. The abrogation of this regulation was envisaged in the plan of activities for adopting the euro. Upon the introduction of the euro Article 18 of the foreign exchange act, which prohibits payments between residents in foreign means of payment, will be abolished, thus entailing the final liberalisation of the foreign exchange market.
  3. The Governing Board issued two authorisations to hold office as a member of a management board: Mr André-Marc Prudent-Toccanier acquired an authorisation to hold office as a member of the management board at SKB banka d.d., and Mr Bojan Mandič acquired an authorisation to hold office as a member of the management board at Hranilnica Lon d.d. 
  4. The Governing Board issued Banka Sparkasse d.d. an authorisation to provide other financial services comprising brokerage in the sale of insurance policies for accidental death insurance, combined life insurance, annuity insurance, life insurance tied to investment fund units, and non-life insurance pursuant to points 8 and 9 of the second paragraph of Article 2 of the insurance act.