HR Schmidt underlines the importance of the Central Bank of Bosnia and Herzegovina for stability and development

High Representative Christian Schmidt met today in Sarajevo with the Governor of the Central Bank of Bosnia and Herzegovina (CBBH), Senad Softić.

High Representative Schmidt expressed the need for a strong and independent CBBH, a Dayton institution that has safeguarded the stability of the monetary and financial sector of Bosnia and Herzegovina since its establishment in 1997, thereby directly contributing to stability and development overall country.

The interlocutors shared the point of view on the need to preserve and further develop these achievements, and on the importance of uninterrupted work of the governance structures of the CBBH to ensure the unhindered capacity of the CBBH to fulfill of its constitutional and legal obligations.

The High Representative also expressed his respect for the work of the CBBH which has earned the trust of the public across the country.

The High Representative Christian Schmidt and the Governor of the CBBH, Senad Softić, also welcome the offer of the Deutsche Bundesbank – the central bank of the Federal Republic of Germany – to strengthen its dialogue with the CBBH in order to further improve the ability of the CBBH to align with EU standards and best practice the central banking system in Bosnia and Herzegovina.

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