The Central Bank of Bosnia and Herzegovina was established in accordance with the Law adopted at the Parliament of Bosnia and Herzegovina on 20 June 1997. The Central Bank started its operation on 11 August 1997.
GOALS AND TASKSThe main goals and tasks of the Central Bank are defined by the Law and in accordance with the General Peace Agreement in Bosnia and Herzegovina. Central Bank of Bosnia and Herzegovina maintains monetary stability by issuing domestic currency according to the Currency Board arrangement (1 KM: 0,51129 EURO) with full coverage in freely convertible foreign exchange funds under fixed exchange rate 1 KM: 0,51129 EURO. Central Bank defines and controls the implementation of monetary policy of Bosnia and Herzegovina. Central Bank 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.
ORGANIZATION OF THE CENTRAL BANK OF BOSNIA AND HERZEGOVINA 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. During the first six years, the Governing Board consisted of the Governor, who was Chairman of the Governing Board, and three members, out of which two members (Bosniak and Croat) were from Federation of BiH and one (Serb) from Republika Srpska. After that, 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 Management of the Central Bank consists of 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.
The Central Bank 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.
ADDRESSES OF THE CENTRAL OFFICE AND THE MAIN UNITS AND BRANCHES
Central Office in Sarajevo - 25 Maršala Tita Street, 71 000, Sarajevo
Sarajevo Main Unit - 3 Mehmeda Spahe Street, 71 000, Sarajevo
Mostar Main Unit - Zagrebačka 10 Street, 88 000, Mostar
Main Bank of Republika Srpska CBBH Banja Luka - 83a Kralja Petra Prvog Karađorđevića Street, 78 000, Banja Luka
Main Bank of Republika Srpska CBBH Branch in Pale - 14 Milana Simovića Street, 71 420 Pale
CBBH Branch in Brčko - 28 Bosne srebrene Street, 76 100, Brčko District
