The Central Bank of Bosnia and Herzegovina reported that Governor Jasmina Selimovic met with EU Ambassadors, led by EU Delegation Head Luigi Soreca, to discuss Bosnia and Herzegovina’s economic outlook and key economic priorities, including preparation to join the Single Euro Payments Area (SEPA). The exchange covered recently revised growth projections indicating a slowdown and the expected benefits of SEPA for faster, simpler and cheaper transactions. The central bank is coordinating the SEPA application process and is working to accelerate the entity-level legislative changes required for accession. Governor Selimovic linked SEPA-related transposition of European Union legislation to improvements in the investment climate, capital market development and a reduction in the grey economy; the meeting also discussed the potential impact of current and future arbitration proceedings on the economy and on the central bank. Participants emphasised the importance of safeguarding the central bank’s independence, the integrity of the currency board and its role in preserving financial stability. With appropriate political support, Bosnia and Herzegovina could apply for SEPA membership in early 2026.
Central Bank of Bosnia and Herzegovina 2025-05-21
Central Bank of Bosnia and Herzegovina outlines SEPA accession work and flags possible early 2026 membership application
The Central Bank of Bosnia and Herzegovina, led by Governor Jasmina Selimovic, met with EU Ambassadors to discuss the country's economic outlook and SEPA accession. The discussions highlighted revised growth projections, SEPA's benefits, and necessary legislative changes. Emphasis was placed on safeguarding the central bank's independence and the currency board's integrity to preserve financial stability.