Regulatory Alerts2008-11-27
Law on Amendments and Supplements to the Law on the Central Bank of Bosnia and Herzegovina
The Parliamentary Assembly of Bosnia and Herzegovina enacted amendments to the Law on the Central Bank to facilitate the transition from the German Mark to the Euro. The legislation updates exchange rate definitions, adjusts reserve requirements, and establishes legal frameworks for currency conversion and contract continuity. These changes ensure that commercial banks operate under the new Euro peg while maintaining the legal validity of existing financial obligations.
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