Regulatory Alerts2009-03-26
Added · Updated
Decision on the Acquisition and Conversion of Monetary Gold
The Central Bank of Bosnia and Herzegovina is authorized to acquire and convert 42,352.167 ounces of monetary gold held at Credit Suisse in Zurich and the Bank for International Settlements in Basel into a monetary form. The conversion will be calculated using the last gold price from Reuters and the Central Bank's average USD exchange rate as of March 31, 2009. A specific contract must be concluded between the Central Bank and the Ministry of Finance and Treasury to finalize these terms, with the Governor empowered to issue necessary implementation acts.
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