The Central Bank of Bosnia and Herzegovina ( Bosnian, Croatian and Serbian: ''Centralna banka Bosne i Hercegovine'' / Централна банка Босне и Херцеговине) is the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

Bosnia and Herzegovina Bosnia and Herzegovina ( sh, / , ), abbreviated BiH () or B&H, sometimes called Bosnia–Herzegovina and often known informally as Bosnia, is a country at the crossroads of south and southeast Europe, located in the Balkans. Bosnia and H ...

, located in the

capital city A capital city or capital is the municipality holding primary status in a country, state, province, Department (country subdivision), department, or other subnational entity, usually as its seat of the government. A capital is typically a city ...

Sarajevo Sarajevo ( ; cyrl, Сарајево, ; ''see Names of European cities in different languages (Q–T)#S, names in other languages'') is the Capital city, capital and largest city of Bosnia and Herzegovina, with a population of 275,524 in its a ...

. The Central Bank of Bosnia and Herzegovina was established in accordance with the Law adopted at the

Parliamentary Assembly of Bosnia and Herzegovina The Parliamentary Assembly of Bosnia and Herzegovina ( sh-Latn-Cyrl, Parlamentarna skupština Bosne i Hercegovine, Парламентарна скупштина Босне и Херцеговине, separator=" / ") is the bicameral legislative ...

on June 20, 1997. It started its operation on August 11, 1997. The Central Bank of Bosnia and Herzegovina maintains monetary stability by issuing domestic currency according to the

currency board In public finance, a currency board is a monetary authority which is required to maintain a fixed exchange rate with a foreign currency. This policy objective requires the conventional objectives of a central bank to be subordinated to the exchan ...

arrangement with full coverage in freely convertible foreign exchange funds under the fixed exchange rate (1 BAM: 0.51129 EUR). The Central Bank of Bosnia and Herzegovina defines and controls the implementation of monetary policy of Bosnia and Herzegovina. The Central Bank of Bosnia and Herzegovina supports and maintains appropriate payment and settlement systems. It also co-ordinates the activities of the BH Entity Banking Agencies, which are in charge of bank licensing and supervision. The Central Bank of Bosnia and Herzegovina has the head office, three main units and two branches. The head office of the Central Bank of Bosnia and Herzegovina is in Sarajevo. The main units are the Main Unit Sarajevo, the Main Bank of Republika Srpska CBBH Banja Luka and Main Unit Mostar. The branches are: the CBBH Branch in Brčko and the Main Bank of Republika Srpska CBBH Branch in Pale. The senior body of the Central Bank of Bosnia and Herzegovina is the governing board, which is in charge of establishing and supervision of monetary policy, organization and strategies of the Central Bank, all according to the powers given to the board by the law. According to the law on CBBH, the governing board consists of five persons that are appointed by the BH presidency for a six-year mandate. The governing board appoints one of its members as governor. The governor of the Central Bank of Bosnia and Herzegovina is Senad Softić. The management of the Central Bank of Bosnia and Herzegovina consists of a governor and three vice governors, appointed by the governor with the approval of the governing board. The task of the management is the operative management of the Central Bank business. Each vice governor is directly responsible for the operations of one sector of the Central Bank.

Governors

Source: #

Peter Nicholl Peter William Ernest Nicholl (born 1944) is a New Zealand economist. Early life and education Nicholl was born in Hamilton, New Zealand and was educated at Victoria University of Wellington where he completed a BCA. Career Nicholl joined the ...

(20 June 1997 – 31 December 2004) #

Kemal Kozarić Kemal Kozarić (born 13 October 1956) is a Bosnian economist who was most recently current Dean of the School of Economics and Business Sarajevo. He completed his elementary school, elementary and high school education in Sarajevo, as well as gra ...

(1 January 2005 – 11 August 2015) #Senad Softić (11 August 2015 – present)

References

External links

Central Bank of Bosnia and Herzegovina official website
- Available in Bosnian, Serbian, Croatian and English
Law on the Central Bank of Bosnia and Herzegovina
- ("Official Gazette of Bosnia and Herzegovina", 1/97, 29/02, 8/03, 13/03, 9/05, and 76/06) {{Authority control Economy of Bosnia and Herzegovina

Banks of Bosnia and Herzegovina 1997 establishments in Bosnia and Herzegovina Banks established in 1997 Banking in Bosnia and Herzegovina

Governors

See also

References

External links