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Jasmina Selimović on managing Europe’s last currency board

The Central Bank of Bosnia and Herzegovina governor speaks about building resilience to counter geoeconomic shocks , strengthening reforms amid EU convergence, addressing stablecoin and NBFI risks, Sepa integration, and capacity building.

Jasmina Selimović
Credit: Lucy Stewart/Infopro Digital

What impacts are higher energy and other prices due to conflicts in the Middle East having on Bosnia and Herzegovina (BiH) and the Central Bank of Bosnia and Herzegovina (CBBH) policy now, and likely in the medium term?

For Bosnia and Herzegovina, the conflict in the Middle East represents primarily a negative supply shock, leading to higher inflation alongside weaker growth prospects. As BiH imports most of its oil, gas and many intermediate goods, increases in global energy prices are

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