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The National Bank of (FYR) Macedonia Council held its ninth session yesterday. The Council adopted the Decision on the methodology for determining impairment, i.e. allocation of special reserve by the (FYR) Macedonian Bank for Development Promotion. Guided by the specific status and tasks of the (FYR) Macedonian Bank for Development Promotion, set forth in the Law on the (FYR) Macedonian Bank for Development Promotion, the National Bank Council prescribes a separate methodology for impairment, i.e. allocation of the special reserve by the Bank. This decision, actually, enables ??compliance with the Decision on credit risk management adopted in March 2013, with certain exceptions, having in mind the specific activities the Bank performs.
At the session, the National Bank Council adopted also the Decision on amending the Decision on the manner, the form and deadlines for submission of statistical data and information on the assets and liabilities of other financial corporations, as part of the package of measures for broadening the scope and improving the monetary statistics quality. The adopted amendments encompass also companies providing financial leasing and financial companies as reporters, thus achieves almost full coverage within the monetary statistics reports for the entire financial system, and approximation to the statistical requirements of the ECB and International Monetary Fund. At the same time, in order to improve the quality of the statistical data, extension of the deadline for submission of reports is envisaged, in accordance with the projected deadlines for statistical reporting of international institutions, on the one hand, and accounting practices of individual reporters, on the other.
At the session, the Decision on the manner, the issuance procedure, the form, the contents and managing of coins for collection purposes was adopted, which actually clarifies the existing provisions of the Decision adopted by the National Bank in March this year. Namely, for the purpose of further promotion of the country and enrichment of the Numismatic Collection of the National Bank, the National Bank started preparatory activities for issuing coins for collection purposes over the past few months, and as a result, a necessity of regulating the status, issue and management of coins for collection purposes imposed.
The Council considered also other matters within its competence. Governor's Office (FYR) Macedonia
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