Governor Selimović with EU Ambassadors on Key Economic Topics for BH

The Governor of the Central Bank of Bosnia and Herzegovina, Jasmina Selimović,Ph.D. attended today's meeting of EU Ambassadors, led by the Head of the EU Delegation Luigi Soreca, where key economic topics for Bosnia and Herzegovina were discussed.

Views were exchanged on the economic outlook of our country, including the recently revised growth projections that indicate a slowdown. In particular, the opportunities opened by Bosnia and Herzegovina's accession to the Single Euro Payments Area (SEPA) were discussed, which represents a concrete opportunity for the citizens and economy of Bosnia and Herzegovina - for faster, simpler and cheaper transactions.

The Central Bank of Bosnia and Herzegovina is coordinating the application process and working intensively to accelerate the necessary legislative changes at the entity level. With appropriate political support, Bosnia and Herzegovina could apply for membership in early 2026.

Governor Selimović thanked the EU for its support in this project, emphasizing that by joining SEPA, Bosnia and Herzegovina would significantly improve the conditions for its citizens, businesses and diaspora, creating space for further economic development and competitiveness on the international scene. "We are aware of all the economic benefits that Bosnia and Herzegovina's accession to SEPA would bring, and our country would gain an additional step towards EU membership, through the transposition of EU legislation, which would increase the investment climate, stimulate the growth of the capital market and reduce the grey economy," the Governor said on this occasion.

During the meeting, the impact of current and future arbitration proceedings on the economy and on the Central Bank of Bosnia and Herzegovina itself was also discussed.

Finally, the importance of the independence of the Central Bank of Bosnia and Herzegovina, the integrity of the currency board and the role of the Central Bank in preserving financial stability was emphasized.