Governor Softić Signed Interbank Agreement on Payment of Clearing Debt 3/21/2017 Tweet March 21, 2017 On 21st March 2017, in Moscow, Governor of the Central Bank of Bosnia and Herzegovina, Senad Softić, Ph.D., on behalf of the Central Bank of Bosnia and Herzegovina, which is a banking and fiscal agent of Bosnia and Herzegovina, signed an interbank agreement with representatives of the State Bank for Development and Foreign Economic Affairs (Vnesheconombank) from Russia. This Agreement regulates the calculation and repayment of the debt according to the Agreement between the Government of the Russian Federation and the Council of Ministers of Bosnia and Herzegovina on the settlement of liabilities of the former USSR based on the settlements regarding the exchange of goods between the former USSR and the former SFRY. By signing this interbank agreement, the technical preconditions for the payment of clearing debt of the former USSR towards Bosnia and Herzegovina have been created, and its signing was preceded by the signing of an Interstate Agreement signed by Deputy Chairman of the Council of Ministers of BH and Minister of Finance and Treasury of BH Mr. Vjekoslav Bevanda and Deputy Minister of Finance of the Russian Federation Mr. Sergey Anatolyevich Storchak. According to the terms of the Agreement, within 45 days after the ratification of the Agreement between the Russian Federation and the Council of Ministers of BH, Vnesheconombank will, upon receipt of funds from the Ministry of Finance of the Russian Federation, pay the amount of USD 125,157,834.38 in the account of the Ministry of Finance and Treasury of BH with the Central Bank of Bosnia and Herzegovina. The funds will be further allocated for the needs of institutions of Bosnia and Herzegovina, Entities and Brčko District in accordance with the proportion agreed in the Interstate Agreement.
