The Central Bank of Bosnia and Herzegovina (CBBH) reported on a Washington visit in which its leadership held bilateral meetings with the US Federal Reserve, the Deutsche Bundesbank and the Central Bank of Luxembourg, covering global economic conditions and Bosnia and Herzegovina’s payments modernisation agenda, including preparations to join the Single Euro Payments Area (SEPA). In talks with US Federal Reserve Vice President Philip Jefferson, Governor Jasmina Selimović discussed measures taken by central banks to support economic growth and price stabilisation and reiterated that the CBBH will continue to implement its currency board policy as the basis of Bosnia and Herzegovina’s macroeconomic stability. The delegation also briefed the Federal Reserve on CBBH projects to modernise the payment system, including SEPA accession and implementation of the TIP clone instant payment system. Discussions with Deutsche Bundesbank President Joachim Nagel focused on strengthening cooperation and SEPA preparations, with the Bundesbank confirming it will provide practical assistance in later operational phases. A separate meeting with the Central Bank of Luxembourg centred on the International Monetary Fund technical mission on transparency, which the CBBH has recently completed while Luxembourg is preparing for it.
Central Bank of Bosnia and Herzegovina 2026-04-17
Central Bank of Bosnia and Herzegovina discusses SEPA entry and payments modernisation in meetings with the US Federal Reserve and Deutsche Bundesbank
The Central Bank of Bosnia and Herzegovina reported on meetings in Washington with the US Federal Reserve, Deutsche Bundesbank and the Central Bank of Luxembourg, focusing on global economic conditions and Bosnia and Herzegovina’s payments modernisation, including preparations to join the Single Euro Payments Area. The CBBH reiterated its commitment to the currency board and outlined projects such as SEPA accession and implementation of the TIP clone instant payment system, with the Deutsche Bundesbank agreeing to provide assistance in later operational phases. The CBBH also discussed its recently completed IMF technical mission on transparency with the Central Bank of Luxembourg.