CBBH Will Continue to Receive DEM Banknotes

In order to assist the commercial banks Central Bank of Bosnia and Herzegovina will continue to purchase DEM cash from them from March 1 2002 until May 31 2002. CBBH has made an arrangement with Deutsche Bundesbank (German Central Bank) on continued receive and transport of DEM banknotes for the next three months. CBBH will charge the banks 0,5 percent for the services of receive and transport of DEM banknotes to their country of origin. Governor of the Central Bank of Bosnia and Herzegovina Peter Nicholl believes that the commercial banks could continue to exchange DEM cash under the same conditions as they have done so far, which means that the provision of the commercial banks should not be higher than one percent.

Central Bank of Bosnia and Herzegovina emphasizes that in the period from March 1 until May 31 it will continue to accept only DEM banknotes from the commercial banks, but not the other national currencies of countries of the European Monetary Union.

Central Bank of BH will continue to provide sufficient amounts of euro banknotes to meet the needs of the commercial banks in BH. However, in the last week of February the orders for euro banknotes from the commercial banks have been lower than they were in the previous period. Today on February 25, for the first time one commercial bank sold euro for KM in Central Bank of Bosnia and Herzegovina. We believe that there will be more such transactions in next period of time.

 

Public Relations Office
Duška Jurišić