BUSINESS CONTINUITY Central Bank of BiH continues to perform tasks and functions unimpeded

(Patria) - At the session of the Governing Council of the Central Bank of Bosnia and Herzegovina (CBBH) held today, 8/10/2021, taking into account, among other things, the provisions of relevant laws that ensure the business continuity of the CBBH and institutions of Bosnia and Herzegovina (provisions of Article 14, paragraph (8) of the Law on the Central Bank of BiH and Article 55a of the Law on Administration of Bosnia and Herzegovina), the Governing Council of the CBBH took the position that it is necessary to enable the unimpeded performance of the legal role, basic tasks and functions of the CBBH, in accordance with the Law on the CBBH and its valid acts, until the Presidency of Bosnia and Herzegovina appoints a new composition of the Governing Council, it was announced from the Central Bank of BiH.

Let us remind you, the Chairman of the Presidency of Bosnia and Herzegovina Željko Komšić convened an urgent telephone session last night regarding the appointment of the Governing Council of the Central Bank of BiH.

Komšić and member of the BiH Presidency Šefik Džaferović voted for the appointment of the new-old composition of the Governing Council, while the vote of the third member of the Presidency, Milorad Dodik, was awaited.

Dodik nevertheless participated in the work of the BiH Presidency and voted against the appointment proposal, it was reported from Komšić's cabinet.

The mandate of the members of the current Governing Council and the Governor of the Central Bank Senad Softić expired today.