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 b ...
of
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, or other subnational entity, usually as its seat of the government. A capital is typically a city that physically encompasses t ...
,
Sarajevo
Sarajevo ( ; cyrl, Сарајево, ; ''see names in other languages'') is the capital and largest city of Bosnia and Herzegovina, with a population of 275,524 in its administrative limits. The Sarajevo metropolitan area including Sarajevo ...
.
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 exch ...
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 ...
(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 and high school education in Sarajevo, as well as graduating from the F ...
(1 January 2005 – 11 August 2015)
#Senad Softić (11 August 2015 – present)
See also
*
Bosnia and Herzegovina convertible mark
*
Economy of Bosnia and Herzegovina
The economy of Bosnia and Herzegovina is a transitional, upper middle income economy. Bosnia and Herzegovina declared independence from socialist Yugoslavia on 1 March 1992. The main trading partners are Germany, Italy, Austria, Turkey and other ...
*
Economy of Europe
The economy of Europe comprises about 748 million people in 50 countries. The formation of the European Union (EU) and in 1999 the introduction of a unified currency, the Euro, brought participating European countries closer through the ...
*
List of central banks
.
Central banks
Central banks
Central banks
This is a list of central banks. Countries that are only partially recognized internationally are marked with an asterisk (*).
Disappeared central banking jurisdictions
* – Bank of Amsterdam (1 ...
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
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 ...
Banks of Bosnia and Herzegovina
1997 establishments in Bosnia and Herzegovina
Banks established in 1997
Banking in Bosnia and Herzegovina