---
id: 4604
title: "Central Bank of Bosnia and Herzegovina: Best Central Bank Governance CEE 2017"
award_year: 2017
published: 2017-08-09 16:06:07
published_gmt: 2017-08-09 15:06:07
author: "CFI.co Editorial"
url: "https://cfi.co/awards/banking/2017/central-bank-of-bosnia-and-herzegovina-best-central-bank-governance-cee-2017/"
categories: ["Banking", "Corporate Governance"]
content_class: award_rationale
independence_status: independent_editorial
sponsor_disclosure: none
editorial_lens: constructive_positive_lens
historical_status: current_at_publication
correction_status: none
archive_policy: no_delete
provenance_layer: github_versioned
wayback_status: archived
wayback_first_snapshot: 20260525042825
wayback_snapshot_url: "http://web.archive.org/web/20260525042825/https://cfi.co/awards/banking/2017/central-bank-of-bosnia-and-herzegovina-best-central-bank-governance-cee-2017/"
license: CFI-OAAL-1.0
content_sha256: 722a44304912f5928de8ecd9474ed92a0862132bb7c334db1563ef69e1bf6a24
canonical: 4604-central-bank-of-bosnia-and-herzegovina-best-central-bank-governance-cee-2017.json
---

# Central Bank of Bosnia and Herzegovina: Best Central Bank Governance CEE 2017

> Verbatim archived copy. Canonical machine record: `4604-central-bank-of-bosnia-and-herzegovina-best-central-bank-governance-cee-2017.json`.

<img class="aligncenter size-full wp-image-4605" src="https://cfi.co/awards/wp-content/uploads/2017/08/CBBHlogo.jpg" alt="" width="589" height="75" />
<p style="text-align: justify;"><strong>Operating a currency board arrangement that pegs the Bosnia and Herzegovina convertible mark to the euro, the country’s central bank has been instrumental in keeping inflation under tight control whilst setting the wider stage for sustainable economic growth and development.</strong></p>
<p style="text-align: justify;">The Central Bank of Bosnia and Herzegovina (CBBH) maintains a presence throughout the entire country with its organizational Main units in Sarajevo, Banja Luka and Mostar, and Branch offices in Brčko and Pale.</p>
<p style="text-align: justify;">Established in 1997 in accordance with the terms of the Dayton Peace Accord, the CBBH now celebrates its twentieth anniversary. The bank has managed to unify the country monetarily, replacing four different currencies with a single new one.</p>
<p style="text-align: justify;">Acting as an independent entity has allowed CBBH to adhere to a strict currency board regime, ensuring monetary stability by maintaining full coverage in freely convertible currency assets. The bank is also charged with the maintenance of payment and settlement frameworks.</p>
<p style="text-align: justify;">Recognised for its solid governance structure – which reflects the demographic make-up of the country – CBBH has adopted all relevant EU accounting and reporting standards, in the process becoming a valued partner to other central banks in the region.</p>
<p style="text-align: justify;">The CFI.co judging panel commends CBBH on its achievements and recognises the contribution of the bank to the country’s enduring stability. The judges are pleased to offer the Central Bank of Bosnia and Herzegovina the 2017 Best Central Bank Governance CEE Award.</p>