The Central Bank of Bosnia and Herzegovina (CBBH) reported that its delegation held a series of meetings in Washington with major central banks, covering global economic conditions and cooperation priorities, alongside briefings on Bosnia and Herzegovina’s payment system modernisation agenda. The Governor reiterated the CBBH’s continued implementation of the currency board as the basis for macroeconomic stability. In discussions with Federal Reserve Vice Chair Philip Jefferson, the delegation outlined work on projects including preparations to enter the Single Euro Payments Area (SEPA) and implementation of a TIP clone instant payment system. A bilateral meeting with Deutsche Bundesbank President Joachim Nagel focused on cooperation and SEPA preparations, with the Bundesbank indicating support and confirming it will provide practical assistance in later operational phases. Talks with the Central Bank of Luxembourg centred on the International Monetary Fund technical mission on transparency, which the CBBH said it has recently completed, while the Luxembourg central bank is preparing for its own mission.
Central Bank of Bosnia and Herzegovina 2026-04-17
Central Bank of Bosnia and Herzegovina holds Washington meetings with the Federal Reserve and Deutsche Bundesbank on SEPA and payment modernisation
The Central Bank of Bosnia and Herzegovina reported meetings in Washington with major central banks on global economic conditions, cooperation priorities and payment system modernisation, reaffirming its commitment to the currency board for macroeconomic stability. Discussions with the Federal Reserve, Deutsche Bundesbank and Central Bank of Luxembourg covered preparations to join the Single Euro Payments Area, implementation of a TIP clone instant payment system, and experiences with IMF technical missions on transparency, with the Bundesbank to provide practical assistance in later operational phases.