The first tranche amounting to SDR 50.73 million based on the Stand-by Arrangement with the International Monetary Fund (IMF) was transferred to the account of the Central Bank of Bosnia and Herzegovina (CBBH) on September 26, 2012.

On the mentioned value date, for the total received funds in SDR, the CBBH credited the appropriate amount in the local currency (KM 118.9 million) to the appropriate account/sub-accounts in the proportion: 2/3 for the Federation of BH (KM 79.3 million) and 1/3 for Republika Srpska (KM 39.6 million).

Upon  reducing the mentioned total amount (in SDR and in KM) by all the costs of approving the SBA tranche, the CBBH will, on the basis of the instructions of the Ministries of Finance of the Federation of BH and Republika Srpska, carry out further transfer of funds in the local payment system.

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