Regulatory Alerts2008-11-24
Chapter VI Foreign Exchange Rate Policy, Foreign Exchange Reserves, and Foreign Exchange Control
The Central Bank of Bosnia and Herzegovina establishes the Convertible Mark as freely convertible and prohibits restrictions on international payments unless necessary for international legal obligations. The Bank is mandated to maintain foreign exchange reserves invested in liquid securities issued by governments or central banks, adhering to sound investment principles. Additionally, the Governing Board may require banks to periodically report their total open foreign exchange positions using standardized forms.
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