THE NIŠ COOPERATIVE: 1921‒1947
Abstract
Numerous local monetary bureaus owned by shareholders were established in the Kingdom of Serbia in the late nineteenth century. Many of these institutions, such as the Niš Cooperative, not only engaged in banking services but also owned industrial and trade companies. Economic circumstances changed so significantly after World War I that bank managements often were unable to cope with them. The Niš Cooperative was an example of a stable yet not particularly powerful monetary bureau whose reputation depended on the leading members of its Board of Directors. Unlike most other monetary bureaus, the Niš Cooperative continued operating after World War II up until privately-owned monetary bureaus were closed by the socialist Yugoslav government.
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References
AJ – Archives of Yugoslavia, Belgrade
37 – The Anthology of Milan Stojadinović
65 – The Archival fund of the Ministry of Commerce and Industry
of the Kingdom of Yugoslavia
12 – The Archival fund of the Ministry of Finance of the Federal
People’s Republic of Yugoslavia
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