Slovenia loosely copied German and Austrian central banking legislation in

writing and ratifying a new law in 1992 that provided for the central bank’s

independence from the government. Observers explicitly heralded the legal

change as an effort to attract foreign investors. The legislation sets currency

stability as the central bank’s primary goal and limits its credit to the government

to 5percent of planned government revenue or 20percent of the government

budget deficit. The governor and board members are appointed to six-year terms

but are subject to parliamentary recall.