Convertible dinar endangers property relations Yugoslav open house

YUGOSLAVIA has announced that currency, the dinar, will be made vertible with the main capitalist cu The move, announced in Belgrade on Thursday by Foreign Trade Minister Muhamed Hadzic, is a major breach in the state monopoly of foreign trade and a big concession to foreign capitalists investing in Yugoslavia.

Right to Work Committee SHEFFIELD Wednesday, January 5 7.30 p.m.

YS premises, Portobello

(Nr Jessop Hospital)

READERS' MEETINGS set Editorial Boa eakers. Discuss yo as for aper expand paper LIVERPOOL Monday January 3 Swan Hotel, London Rd Spèaker: lex Mitchel COVENTRY mayo anary Angel Hotel, Folehill Rd Speaker lex Mitche lesday Januar Queen's Hotel, Rutland St Speaker lan Yeats NEWCASTLE rsday Januar .30 p.m 'Bayhorse, Vestgate Ri Speaker Alex Mitchel LEEDS unday january 1 Quarry HIll Flats Leeds 1 Speaker :

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Western Works, Portobello speaker tephen John GLASGOW Monday January 1 7.30 pm Room 1 Partick Burgh Lesser Hall Merkland St Tube speaker tephen Johr LATENEKS -720 2000 CIRCULATION 61-622 7029 BELGRADE'S public prosecutor has demanded that four students who published an allegedly pornographic magazine attacking President Tito be put on trial. He claims that the magazine, withdrawn from circulation after protests from the Communist Party organization in the middle of last month, had insulted thé state and public morals. NEARLY 500 leading Greek personalities — intellectuals, artists, priests, retired generals and former ambassadors-yesRegistered as a newspaper at the Post Once. Published by.Workess Press, 186g Clapham High Street, London, S.W.4.

Printed by Plough Preas Ltd. (TU), 180b Clapham High Street, London, President Tito's turn to the right in the face of mounting unrest among the country's national minorities now threatens the foundations of the planned economy established by the Yugoslav revolution.

The dinar was recently devalued by 20 per cent after the Washington Group of Ten decision to raise the dollar price of gold and revalue other capitalist currencies.

Now, Hadzic said, the government will fix "realistic' exchange rate and maintain the dinar's parity through the intervention of the National Bank in the currency market.

Trade with and investment from the capitalist world was previously controlled by state corporations which handled transactions.

This control is to be virtually abolished, exposing the Yugoslav economy to the full pressure of the capitalist world market.

Lazar Janicic, director of the National Bank's foreign exchange department, explained this. week that 'th‹ irst steps in introducing the dinar to the international payments system have already been taken'.

Foreigners with dinar accounts in Yugoslavia will now be able to convert them directly, under certain conditions, into hard currency, Janicic said.

The measure applies particularly to foreign capitalists who have been encouraged to invest in Yugoslavia as 'partners' with the state.

Janicic said they will now be able to convert their dinar aped in presenting directi into foreign currency and take it abroad. The banks will also be authorized to lend money to foreign partners.

In other words, foreign capitalists will now be able to operate within Yugoslavia on a similar basis to any capitalist country, posing a serious threat nationalized property relations.

These measures must strengthen tendencies towards the restoration of capitalism already rampant in Croatia Currency measures are in no way an answer to bureaucratic mismanagement which is primarily responsible for Yugoslovia's economic crisis.

The political revolution of the working class against bureaucracy remains the only means by which the revolutionary conquests can be advanced and defended.

Longbridge

walk-out ENGINE assembly at British-Leyland's AustinMorris factory, Longbridge, Birmingham, was hit by a manning dispute yesterday.' 1,000 workers were laid off.

The trouble began on Thursday's night shift, when 200 crankshaft machinists walked out. liberation army is now exsociation in Birmingham yesterday thanked all those who responded to its call to boycott cinemas showing Asian Ims. During the campaig gainst over-charging and un hygenic conditions, two pickets-Harbans Singh and Dev singh-were beaten up. A for the Association said: 'Despite these outrages we are confident of a turn-out at all ten local cinemas this weekend.' its necessary to cover these gains.

The programme is both serious and ambitious,