Bilateral meetings of the CBBH with the leaders of the American FED and the German Bundesbank

The delegation of the Central Bank of Bosnia and Herzegovina (CBBH) in Washington held a series of meetings with representatives of the world's strongest central banks.

During the meeting, the Vice President of the FED, the American Federal Reserve, Philip Jefferson, and the Governor,. Jasmina Selimović, Ph.D. discussed important global economic topics, and the measures taken by central banks to support economic growth and price stabilization.

On that occasion Governor said: "A stable and predictable monetary policy remains a key pillar of the economic development of Bosnia and Herzegovina. The CBBH continues to consistently implement the policy of the currency board, which is the basis of the macroeconomic stability of the country."

The delegation of the Central Bank of Bosnia and Herzegovina, consisting of the Governor and Vice Governor Emir Kurtić, Ph.D. and members of the Governing Board, Mirza Kršo, Ph.D. and Darko Tomaš, Ph.D., informed Vice President Jefferson about the activities of the CBBH on payment system modernization projects, such as entry into SEPA and the implementation of the TIP clone instant payment system. 

This has been the second meeting of the CBBH delegation and the Vice Chair of the Fed. This fact is a great honour and recognition of the CBBH which, with its current Management, has positioned itself as a serious, stable and professional partner on the international financial scene, and sends a clear message about its capacity to participate in discussions with the highest level representatives of global financial authorities.

In this context, a bilateral meeting has been held with the Deutsche Bundesbank. Governor Selimović and President Joachim Nagel discussed the strengthening of cooperation and Bosnia and Herzegovina's preparations for joining SEPA, as well as the experiences of the Deutsche Bundesbank with the Single Euro Payments Area system. Joachim Nagel expressed clear support for Bosnia and Herzegovina efforts related to SEPA, and confirmed that the Bundesbank will provide practical assistance to the Central Bank of Bosnia and Herzegovina in later operational phases of this strategic project.

The delegation of the Central Bank of Bosnia and Herzegovina has also met with representatives of the Central Bank of Luxembourg. The discussion was focused on the IMF technical mission on transparency, which has been successfully completed by the CBBH recently, while the Luxembourg bank is in process of preparing for it.