The Central Financial institution of Bosnia and Herzegovina (CBBH) informs the general public that, even within the circumstances of the declared state of pure and different disasters in BH, it repeatedly carries out its most vital actions with a view to protect financial stability and assist keep monetary stability in Bosnia and Herzegovina.
The financial institution offered an summary of the carried out actions in March, throughout which the work was carried out in extraordinary circumstances more often than not.
With the intention to protect the continuity of enterprise processes and to guard the staff performing the important thing operations, the Financial institution, following the directions of the related establishments, has offered the utmost doable safety at work whereas adapting enterprise processes to the brand new scenario.
Within the present extraordinarily turbulent situations within the world monetary markets, the CBBH manages the international change reserves in a approach that ensures the liquidity and safety of the international change reserves portfolio. In accordance with the authorized restrictions and different guidelines that regulate the administration of the international change reserves, investments are made within the first-class securities of the EMU member states and deposits with central and business banks with the very best credit standing.
The CBBH repeatedly fulfills all the necessities of business banks for withdrawing money from the Central Financial institution vault, thus offering business banks with ample portions of money to satisfy the wants of residents and companies in Bosnia and Herzegovina. As well as, it must be taken under consideration that the business banks in Bosnia and Herzegovina are holding important quantities of money, which additional ensures the satisfaction of all of the wants of the monetary system as an entire.
In accordance with the declared state of pure and different disasters in Bosnia and Herzegovina and for the aim of well being safety of all contributors in money operations, since March 26, 2020, the CBBH has launched particular measures associated to the implementation of the Resolution on the process for handing over / taking money within the CBBH vaults, which was notified to all business banks, entity banking companies and the Affiliation of Banks in Bosnia and Herzegovina. These measures have been launched for the aim of well being care of all contributors in money operations.
Cost and clearing techniques for interbank funds, Actual-time Gross Settlement (RTGS) and Giro Clearing, owned and operated by the CBBH, have been functioning correctly in accordance with the relevant working hours / schedule. The system availability was 100%. Throughout March, the whole of three,429,904 transactions had been carried out, with the whole worth of KM 8,439,585,736.33, of which 89,986 transactions via RTGS with the whole worth of KM 6,967,561,952.61 and three,339,918 transactions of giro clearing with the whole worth of 1,472,023,783.72.
The registries managed by the CBBH – Registry of Accounts of Enterprise Entities and the Central Credit score Registry, have been working commonly.
As a fiscal agent of the state, in response to the Bosnia and Herzegovina Exterior Debt Servicing Plan and the orders by the Bosnia and Herzegovina Ministry of Finance and Treasury, the CBBH executed all exterior debt servicing orders in a well timed method in March. The perform of the Fiscal Agent for Bosnia Herzegovina’s Membership with the Worldwide Financial Fund (IMF) and the perform of the depositary for the members of the World Financial institution (WB), in addition to the coordinator for the sovereign credit standing of Bosnia and Herzegovina, had been carried out commonly and at once.
As an agent for banking and financial companies, the CBBH has, by order of its depositors (Bosnia and Herzegovina Ministry of Finance and Treasury, Oblique Taxation Authority, BH Deposit Insurance coverage Company, Federal Ministry of Finance, registries of securities, Banking Company of the Federation of Bosnia and Herzegovina), and in accordance with the contracts, carried out international and home fee operations inside the deadline. The CBBH works in commonplace working hours for these kinds of operations and is totally aligned with the operations of the correspondent international banks and the fee techniques operations.
On the finish of March, on the request of the Ministry of Finance and Treasury of Bosnia and Herzegovina, an account has been opened with the CBBH for donations to fight the COVID-19 virus – Ministry of Safety of Bosnia and Herzegovina, in a international foreign money and KM, and directions for fee of donations have been submitted, so funds are already carried out within the opened accounts.
The CBBH repeatedly helps the functioning of the monetary devices markets within the Republika Srpska and the Federation of Bosnia and Herzegovina via the digital banking platform used every day by the Republika Srpska Central Securities Registry and the Federation of Bosnia and Herzegovina Securities Registry.