Schmidt with Governor Softić: BiH needs a strong and independent Central Bank

SARAJEVO, (Patria) - High Representative Christian Schmidt held a meeting today in Sarajevo with the Governor of the Central Bank of Bosnia and Herzegovina (CBBH) Senad Softić.

Schmidt emphasized the need for a strong and independent CBBH - a Dayton institution that has protected the stability of BiH's monetary and financial sector since its establishment in 1997, thereby directly contributing to the overall stability and development of the country.

The High Representative and the Governor of the CBBH exchanged views on the need to preserve and further develop past successes, and on the importance of the continuous work of the CBBH management structures in order to preserve the unimpeded ability of the CBBH to fulfill its constitutional and legal obligations.

Schmidt also emphasized how much he values the work of the CBBH, through which this institution has gained public trust throughout the country.

High Representative Christian Schmidt and CBBH Governor Senad Softić also welcome the offer from Deutsche Bundesbank - the central bank of the Federal Republic of Germany - to strengthen its dialogue with the CBBH in order to further improve the CBBH's capacities for alignment with EU standards and the implementation of best practices in the central banking system in BiH.