Regulatory Alerts2000-06-28
Added · Updated
Instructions on the Procedure of Organizational Units of the Central Bank of Bosnia and Herzegovina in Cases of Alienation of Convertible Marks
The Central Bank of Bosnia and Herzegovina mandates its organizational units to establish notification arrangements with authorized internal payment organizations (OOPP) to immediately report any alienation of convertible marks (KM) recorded as out-of-circulation cash. Upon such incidents, units must notify designated vice governors and the Accounting Department to open receivables against the OOPP, and subsequently close these receivables if the KM are recovered or reimbursed. The Accounting Department provides booking instructions for covering the excess KM in circulation via foreign exchange cover or OOPP reimbursement, while the Governing Board determines further measures if recovery fails.
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