Regulatory Alerts2018-01-01
Decision on the Purchase and Sale of Physical Foreign Currency for Foreign Exchange Funds by Commercial Banks
The Central Bank of Bosnia and Herzegovina issued this Decision to regulate the purchase and sale of physical foreign currency (EUR, USD, CHF, GBP) for foreign exchange funds with commercial banks. It mandates that transactions be initiated via the Electronic Interbank Money Market (EMTN) platform, specifying distinct submission deadlines and settlement cycles (T+1 or T+2) for both buying and selling operations. The regulation further outlines the procedures for cash handling in central bank vaults, the automatic calculation of fees, and the legal publication requirements for the Decision.
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