Bosnia and Herzegovina - Annual Report 2006

Presenting the annual report for 2006 of the Central Bank of Bosnia and Herzegovina (CBBH), Kemal Kozaric, the governor, said that 2006 had been another successful year for the central bank.

"On the principles of currency board, which means full convertibility and foreign exchange coverage of the liabilities, the CBBH has succeeded in keeping the monetary stability and confidence of citizens and economic entities of Bosnia and Herzegovina in the local currency," he said.

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