Abstract

The Credit Organization in the Socialist Republic of Roumania

For Roumania, the end of the war in August 1944 brought farreaching changes in the economic, financial and political field, among other things the nationalization of the national bank, the banks, firms and real property. Following various reforms, the national bank was given new statutes in 1955. One of the first banks founded after the national bank was the Roumanian investment bank (Banca romana de Investitie). Agriculture and the food industry are financed through the bank for agriculture. For all private savings and deposit business there is a central savings bank (Casa de Economie si Consemnatinuie). For settling payments and exchange transactions with foreign countries and implementing exchange control, the bank for foreign trade (Banca romina de Comert exterior) was established.