Central Bank of Bosnia & Herzegovina
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The Central Bank of Bosnia and Herzegovina was set up in accordance with the Law adopted at the Parliament of Bosnia and Herzegovina on 20th June 1997. The bank initiated its operations on 11th August that year.
The Central Bank of Bosnia and Herzegovina was set up in accordance with the Law adopted at the Parliament of Bosnia and Herzegovina on 20th June 1997. The bank initiated its operations on 11th August that year.
Bosnia and Herzegovina has been placed next to Macedonia as the poorest economy in the old Yugoslav federation. Therefore the bank has an extensive role in reviving the country’s economy. The main purpose and tasks of the Central Bank of Bosnia and Herzegovina are defined by the adopted law and in accordance with the General Peace Agreement in Bosnia and Herzegovina.
The bank maintains monetary stability by issuing currency in the country. The Central Bank also controls and sets out the contours of Bosnia & Herzegovina’s monetary policy, besides supporting and implementing appropriate payment and settlement systems.
The Governing Board, the senior body of the Central Bank of Bosnia and Herzegovina, looks after the establishment and supervision of monetary policy in the country. According to the Law of Central Bank of Bosnia & Herzegovina, the Governing Board consists of five members who are appointed by the BH Presidency for a period of six-years. The Governing Board appoints one of its members as the Governor of the bank. The management has the final say in the operational management of the bank.
The Central Bank is headquartered in Sarajevo. The bank has three main units and two branches. The main units are the Main Unit Sarajevo, Main Bank of Republika Srpska Banja Luka and Main Unit Mostar. The branches are located in Brcko District and Pale.
