Inter Banking Market of Gyro and Cash Money Becomes Operational 1/21/2008 Tweet On Tuesday, 22nd January 2008, after the completed installation and test of software, the electronic inter banking market of gyro and cash money becomes operational. The establishment of the inter banking market of gyro and cash money in BH will provide commercial banks to work efficiently with liquid funds and to reduce the risk of cash operations. The preliminary design of the inter banking market of gyro and cash money was created by the Central Bank of Bosnia and Herzegovina (CBBH). Thanks to this platform, the banks will daily deliver data on cash offer and demand, as well as, they will trade at the inter banking market according to the needs. Commercial banks will be able to lend funds to each other, buy and sell foreign exchange funds, as well as, the local and foreign currency cash. Special significance of this project is reducing of physical transport of money and establishment of safe, reliable and close communication between the commercial banks in BH and the CBBH. Total project value is KM 270.000, out of which KM 100.000 was provided by the American Agency for International Development (USAID). The CBBH express its gratitude to the USAID, which until now has supported financially numerous projects implemented by the CBBH. The last project, which realization was financially supported by the USAID, was the Credit Registry of Physical and Legal Entities. This Agency, for a long time, already supports the development of the banking sector in BH. Public Relations Section
