Central Banking

Bosnia's payment system for the new millennium

This article by Djordje Rackovic, head of payment systems at the Central Bank of Bosnia and Herzegovina, give an account of the launch of the new payment system on Jan. 5, 2001.


On January 5, 2001 at 8 a.m. sharp,new payments system in the CentralBank of BH started operating accordingto plan. In that very momentthe dilemmas disappeared (if theyexisted at all) about the extension ofthe payments bureaus work for thedefinite period of time. The first

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