Home / Information / Škibola urged the Parliament not to support Vujčić as he continues the ‘harmful’ monetary policy of Rohatinski

Škibola urged the Parliament not to support Vujčić as he continues the ‘harmful’ monetary policy of Rohatinski

Ahead of this week’s vote on the new governor of the Croatian National Bank, independent MP Marin Škibola stated at a press conference that the Croatian Parliament should not support former governor Boris Vujčić as he “continued with the monetary policy of Željko Rohatinski, which is extremely harmful and not in the national interest.”

“Vujčić has shown during his term that he is not ready to lead the HNB and respond to the major challenges of the Croatian economy,” Škibola asserted. He cited the uncontrolled strengthening of the Swiss franc as an example, stating that “the HNB could have known and did know, but Vujčić did not react to protect citizens from toxic loans and usury.”

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Another example, he added, is the Raiffeisen cooperatives which, when they started granting loans, did not have permits from the HNB, nor did Vujčić react or inform the public, even though he knew they were operating illegally.

“Today we see that my claims were accurate and reliable, as the Government has ultimately acknowledged that this was the case, and the problem is that no one has been held criminally accountable so far, despite there being final judgments in these disputes,” Škibola emphasized.

He notes that we currently do not have a governor of the HNB, which, in his opinion, is probably better, as this position in Croatia is a mere formality and should not be.

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“We do not have an active monetary policy but a currency board, which is a term for dogmatic maintenance of ‘price stability,'” Škibola stated.

“Vujčić, along with his vice-governors led by Bojan Fras, should leave the HNB because after their term it is neither Croatian, nor national, nor central, but a currency board,” Škibola assessed and recommended the former leadership of the HNB to seek employment at Goldman Sachs or the IMF, where they will be “warmly welcomed and congratulated on a job well done in Croatia.”