Capital Finance International awarded the Central Bank of Bosnia and Herzegovina in two categories

The Capital Finance International awarded the Central Bank of Bosnia and Herzegovina, as much as, two categories' awards: Best Central Bank Governance CEE 2022 and Outstanding Contribution to Economic Development Bosnia and Herzegovina 2022. 

 The judging panel outlines in its report the following:

„Central Bank of Bosnia and Herzegovina (CBBH) has been serving the interests of the country and its citizens over the past 25 years contributing to macroeconomic, monetary and financial stability, providing stability of the domestic currency. More recently, with the commitment of the entire staff led by Governor Senad Softić, Ph.D., it has overcome the pandemic and geopolitical challenges to ensure the stability and convertibility of the domestic currency, keep cash circulating throughout the country and increase foreign exchange reserves. It ended 2021 with the highest foreign exchange reserves ever recorded New treasury machines aid in checking the authenticity, accuracy and reliability of banknotes. Transparent communication increases awareness and inspires public trust. During the first year of the pandemic, the Central Bank of Bosnia and Herzegovina had around 6,000 media releases. It also hosts informal sessions with media professionals and regularly organises financial education and inclusion initiatives. It outlines the benefits of official remittance channels for the BH diaspora, half of which were relying on unofficial channels that were blocked during the pandemic. The Central Bank of Bosnia and Herzegovina led the reform of the country^’s payment transactions system. According to Transparency International's (CPI), for the year 2022, Bosnia and Herzegovina took a low rank in Europe. In such an environment, the Central Bank of Bosnia and Herzegovina has strengthened and improved the compliance function, established independent channels for anonymous reports of non-conformities and corruption, supporting the institution integrity. Rating agencies refer to the Central Bank of Bosnia and Herzegovina as an important economic anchor in the country, with activities and policies that align with global best practices. The CFI.co judging panel announces the Central Bank of Bosnia and Herzegovina as the award winner in two categories: Best Central Bank Governance (CEE 2022) and Outstanding Contribution to Economic Development (Bosnia & Herzegovina 2022)."

Since these acknowledgments are the results, above all, of the exceptional efforts and dedicated work of the employees of the Central Bank of Bosnia and Herzegovina, I use this opportunity to thank every employee of the Central Bank of Bosnia and Herzegovina whose significance in the work of the institution is immeasurable. Special thanks and congratulations go to the members of the Governing Board and the Management for their exceptional contribution to the success of the Central Bank in very complex circumstances. These acknowledgments are confirmations that we work well and in the interest of citizens, the economy and the state, but even without recognition, our path would be the same. And because of that I want the Central Bank of Bosnia and Herzegovina, that is, all of us together, to continue to carry out tasks and obligations in the way we have been doing it until now - successfully, dedicatedly and responsibly", said on this occasion the Governor of the Central Bank of Bosnia and Herzegovina, Senad Softić, Ph.D.