OHR’s Statement at the International Agencies’ Joint Press Conference in Mostar

The process of verifying claims for frozen
foreign currency savings has begun


Monday, July 11, 2005 Ministries of Finance in the
Federation, Republika Srpska and Brcko District made an announcement, as part of
the media campaign, notifying the public that the process of verifying claims
for frozen foreign currency savings has begun. 

Objective of media campaign is to inform the public about the efforts
underway in order to resolve the liability associated with foreign currency
accounts frozen more than ten years.

This effort is part of the process of settling the internal debts associated
with general arrears of Government, war related claims and claims associated
with frozen foreign currency deposits in banks through out BiH at the end of

Owners of the foreign frozen currency savings accounts are being ask to
formally file proof of claims in order that the Governments involved may verify
and begin the settlement process.

The process of actually filing claims will begin after a thirty-day media
effort to inform the public how and where to file their claims and claims will
be accepted during a ninety-day period ending November 10,

As to the claimants abroad, they will be able to receive the information
through the BaH Embassies.

This is a major step forward in settling the internal debts and OHR extends
its full support to this effort.