Why is Milorad Dodik constantly attacking the Central Bank of BiH?

By prof. dr. Dženan Đonlagić

On the occasion of Milorad Dodik's latest message that the Central Bank of BiH should be returned to the entity level and that it is a joint institution, the "hunt" for the CBBH as the last refuge of the country's financial stability and the domestic currency KM is starting again. Why? In order to get the entity budget to access money from this state monetary institution. This is clear proof that the entity budget in the Republika Srpska entity has "dried up"!

There are several other malicious messages hidden here! Firstly, the CBBH is not a joint institution, but an institution of the state of Bosnia and Herzegovina. Secondly, they want to divide the CBBH into entity branches! Finally, behind this lies the bad intention to "shake" the most successful and stable financial institution in the country and for the entity budget to "get" financial resources from the CBBH.

This cannot and will not happen! Monetary policy, according to the BiH Constitution, is an original competence of the state of Bosnia and Herzegovina. Entities cannot interfere with the work of the CBBH. Entity officials have no authority to decide on matters within the scope of monetary policy. The Central Bank of BiH is completely independent of both Bosnian-Herzegovinian entities and any other entity legislative and executive bodies.