Second Meeting of the New Governing Board of the CBBH Held

The Governing Board of the Central Bank of BH (CBBH) agreed that the CBBH would contribute 20% of the costs the Council of Ministers has to meet for the first subscription payment to the Council of Europe Development Bank.

This decision was made during the second meeting of the new Governing Board of the CBBH, which was held on September 17, 2003, in Sarajevo.

The Board believes that the decision of the Government to join this Bank will be positive for future economic and social development in BiH and therefore agreed to assist the government in meeting the subscription payment.

The Governing Board of the CBBH also agreed to a request from the OHR chaired Committee on Anti-Money Laundering that the CBBH work with all the commercial banks in BiH to establish a single registry of bank accounts for the whole country.

A project team will be established as soon as possible as it is considered that the establishment of this registry of bank accounts will be an important step in the fight against money laundering and other financial crime in BiH.