Central Banking

BiH payment systems working well-cbank governor

BOSNIA AND HERZEGOVINA - The new payments system in Bosnia and Herzegovina, which has been in effect for three months, is working well, said Bosnia's central bank governor Peter Nicholl on Apr 5, 2001.

Some 2.3 million transactions for 3.4 billion DEM ($1.6 billion) were conducted according to the new system through BiH commercial banks, as opposed to the former centralised payment settlement system.

The majority of the transactions was carried out by 12 of the total 43 commercial banks licensed

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