San Marino. Former Bns Accounting Committee is born: “We want to get back our savings”
The liquidation of Banca Cis in San Marino continues to cause discussion and discontent among citizens.
Thomas Biagi in fact announces the constitution of the San Marino Accounting Committee.
“Following the liquidation of Banca CIS, the State had undertaken to protect savers by guaranteeing the return of sums for amounts exceeding 100,000 euros, in the meantime converted into bonds issued by” BNS “Banca Nazionale Sammarinese, by 22 July 2022. With the budget settlement approved by law no. 94 of 2022 the former CSI account holders, after more than 3 years of patient and responsible waiting, the possibility of recovering their savings faded, in many cases the result of a life of work and sacrifices. As is well known, in fact, it was envisaged that BNS bonds are converted into government bonds at a rate of remuneration of 1% annually and expiring in July 2032. After 3 years of waiting, those who ask only to regain possession of their savings are obliged to wait another 10 years, compromising projects, expectations and family serenity. The regulatory initiative was presented by many as functional precisely to protect savers who could use a more agile and leaner instrument – as a consumable subject to sale in the secondary market – and more profitable having a higher interest rate of interest that provided for SNB bonds. Justifications that do not convince former CIS account holders or in the method – since the “victims” who are said to want to protect in words are not involved in any way – nor on the merits – considering that to move the return of funds to a good rate by 10 years of 1% when it gallops towards the two figures undoubtedly guarantees the state budget but certainly not the innocent savers.
On the initiative of many former CIS account holders, a citizens’ committee was therefore set up called the “San Marino Accounting Committee” – chaired by Thomas Biagi – aimed at joining forces to coordinate initiatives of a legal nature and confrontation with government and control institutions that it can make it possible to address the criticisms that emerged following the latest regulatory measures which were a bolt from the blue for the expectations of savers. The hope is that all those who find themselves in a difficult situation in the same situation find themselves able to identify in the same solution an initiative of interest to citizens and savers, without the reduction but without any will to identify.
Biagi invites interested parties to write to [email protected] or to join the Telegram group https://t.me/comitatocorrentistirsm