The delegation of the Central Bank of Bosnia and Herzegovina (CBBH) in Washington held a series of meetings with representatives of the world’s most powerful central banks, the CBBH announced.
During the meeting, the Vice President of the FED, the US Federal Reserve, Philip Jefferson, and Governor Jasmina Selimović discussed important global economic topics and measures that central banks are taking to support economic growth and price stabilization.
The Governor stated on that occasion: “A stable and predictable monetary policy remains a key pillar of Bosnia and Herzegovina’s economic development. The CBBH continues to consistently implement the currency board policy, which is the foundation of the country’s macroeconomic stability.”
The delegation of the Central Bank of Bosnia and Herzegovina, which, in addition to the Governor, consisted of Vice Governor Dr. Emir Kurtić, and members of the Governing Council, Dr. Mirza Kršo and Dr. Darko Tomaš, informed Vice President Jefferson about the CBBH’s activities on payment system modernization projects, such as joining SEPA and implementing the TIP clone instant payment system.
This is the second meeting of the CBBH delegation and the FED Vice President. This fact represents a great honor and recognition of the CBBH, which, with the current Management Board, 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 representatives of global financial authorities.
In this context, a bilateral meeting was also held with the German central bank. Governor Selimović and President Joachim Nagel discussed strengthening cooperation and preparations of Bosnia and Herzegovina for joining SEPA, as well as the experiences of the Deutsche Bundesbank with the Single Euro Payments Area system. Joachim Nagel expressed his unequivocal support for Bosnia and Herzegovina’s efforts related to SEPA, and confirmed that the Bundesbank will provide practical assistance to the Central Bank of Bosnia and Herzegovina in the later operational phases of this strategic undertaking.
The delegation of the Central Bank of Bosnia and Herzegovina also met with representatives of the Central Bank of Luxembourg. The focus of the conversation was the IMF technical mission on transparency, which the CBBH recently successfully completed, while the Luxembourg bank is still preparing for it.
