Temporary Contracts for Acceptance, Storage and Issuing of Cash Signed With the Agencies for Financial Services

Governor of CB BH Peter Nicholl signed today, February 28, 2001 two month temporary contracts with the agencies for financial, IT and agent services from Mostar, Sarajevo and Banja Luka (former payment bureaus) for acceptance, storage and issuing of the cash. By the end of the last year Central Bank of BH signed the contracts with the payments bureaus (of both BH entities) for treasury servicing for the period of time from January 1 until February 28,2001.It was agreed that the contracts would be extended if the payment bureaus transform into the agencies for financial and other services. According to that conclusion the CB BH Governing Board on February 22,2001 decided to sign the contracts on the extension of services for acceptance, storage and issuing of cash with new founded agencies (former payment bureaus) for next two months (March and April 2001). Signing of these contracts allows Central Bank of BH to use 12 individual vaults of these agencies, which are located in Brčko, Banja Luka, Bijeljina, Sokolac, Trebinje, Mostar, Livno, Orašje, Bihać, Zenica, Tuzla and Sarajevo. Central Bank of BH will review in the near future the possibility of extension of these contracts with the agencies for financial services, but also the other solutions.