(as they pertain to the Central Bank of Bosnia and Herzegovina)

The Central Bank

There shall be a Central Bank of Bosnia and Herzegovina, which shall be the sole authority for issuing currency and for monetary policy throughout Bosnia and Herzegovina.

1. The Central Bank's responsibilities will be determined by the Parliamentary Assembly. For the first six years after the entry into force of this Constitution, however, it may not extend credit by creating money, operating in this respect as a currency board; thereafter, the Parliamentary Assembly may give it that authority.

2. The first Governing Board of the Central Bank shall consist of a Governor appointed by the International Monetary Fund, after consultation with the Presidency, and three members appointed by the Presidency, two from the Federation (one Bosniac, one Croat, who shall share one vote) and one from the Republika Srpska, all of whom shall serve a six year term. The Governor, who shall not be a citizen of Bosnia and Herzegovina or any neighboring state, may cast tie-breaking votes on the Governing Board.

3. Thereafter, the Governing Board of the Central Bank of Bosnia and Herzegovina shall consist of five persons appointed by the Presidency for a term of six years. The Board shall appoint, from among its members, a Governor for a term of six years.

Note: Text of the Law on Central Bank of Bosnia and Herzegovina has been translated into English for the needs of using the English text.

Amendments and Supplements to the Law on the Central Bank of Bosnia and Herzegovina

• Law on Amendments and Supplements of the Law on the Central Bank of Bosnia and Herzegovina, published in: „Official Gazette of BiH“, 29/02
• Law on Further Amendments and Supplements to the Law on the Central Bank of Bosnia and Herzegovina, published In: „Official Gazette of BiH“, 8/03
• Law on Amendments and Supplements of the Law of the Central Bank of Bosnia and Herzegovina, published In: “Official Gazette of BiH”, 13/03
• Correction of the Law on Amendments and Supplements of the Law on the Central Bank of Bosnia and Herzegovina, published In: „Official Gazette of BiH“, 14/03
• Law on Amendments and Supplements of the Law of the Central Bank of Bosnia and Herzegovina, published In: “Official Gazette of BiH”, 9/05
• Law on Amendments of the Law of the Central Bank of Bosnia and Herzegovina, published In: “Official Gazette of BiH”, 76/06

Law on the Central Bank of Bosnia and Herzegovina, published in „Official Gazette of BH“, 1/97

• Index
• Chapter I Establishment, Objective and Tasks of the Central Bank
• Chapter II Organization and Administration of the Central Bank
• Chapter III Financial Provisions
• Chapter IV Monetary Functions and Operations of the Central Bank
• Chapter V Monetary Unit, Banknotes and Coins
• Chapter VI Exchange Rate Policy, International Reserve and Exchange Control
• Chapter VII Relations of the Central Bank With Other Public Institutions
• Chapter VIII Relations of the Central Bank With Banks
• Chapter IX Accounts, Financial Statements, Audit and Reports of the Central Bank
• Chapter X Miscellaneous Provisions