by the end of the year, we will also set up the platform for inter - bank market for gyro money and cash, which will have a positive effect on daily liquidity of commercial banks and reduce the costs and increase the safety of cash transport in bosnia and herzegovina. bosnia and herzegovina is preparing for issuing bonds to regulate the internal debt issue, primarily the issue of old foreign exchange savings. those would be the first bonds to be issued by the state and the cbbh will participate in the process as a fiscal agent – it will carry out the settlement of securities to be issued by the state. today, we will sign the agreement on direct payment operations with serbia and montenegro, which will influence the reduction of commercial banking payment operations costs in this region. in the previous period, the cooperation with the institutions of bosnia and herzegovina, primarily with the presidency, the parliament and the council of ministers, was at extraordinary level. the independence of the central bank of bosnia and herzegovina, institutional, financial, personnel, was respected by all, which helped a lot to this monetary institution to achieve such significant results. the cooperation of the cbbh with international financial institutions, especially with the imf, the world bank, the bis, the ebrd, was at a high level. the usaid was involved in the most significant projects of our institution, by helping, both in material and personnel respect, their successful completion, which we sincerely thank them for. the eurosystem has just finished the central bank of bosnia and herzegovina needs assessment programme. the purpose of this project is the assessment of the situation in seven areas of operations the central bank, with the comparison with the standards of the european system of central banks. the programme applies to the functions of the central bank related to the coordination of activities of the agencies in charge of licensing and supervision, economic analysis and research, financial stability, internal audit, monetary policy within the currency board arrangement, payment systems and statistics. in the report prepared by the eurosystem experts, it is stated that « the cbbh is one of the most stable state institutions and has high reputation as a professional, independent and technically efficient organization which has achieved, in the previous 10 years, a significant progress in developing functions assigned to it. » it is our objective to join the european system of central banks, when b & h is ready to join the european union, and – later on – to introduce the euro as our own currency in accordance with eu treaty requirements. i

senad softic, ph. d. governor of the central bank of bh sarajevo, 7 june 2020 appreciation speech at the 2019 person of the year award in the category of public administration organized by vec ernji list magazine f irst of all, i would like to thank you for your trust and honor for being nominated and selected for the prestigious person of the year award in this category. this is a great recognition for me personally, but also for the entire central bank of bosnia and herzegovina. that is why gratitude, of course, goes to everyone at the central bank. i would also like to express my special gratitude to my family for the support they have given me all this time. vecernjak's seal and awards for person of the year in various categories are prestigious awards and this happening of vecernji list has outgrown the borders of bh long ago and become a regional event. that is why it is a great honor to be just nominated, let alone to obtain such a recognition. our work has been recognized by international financial institutions and european union institutions, which have assessed the cbbh and its monetary policy as the foundation of macroeconomic stability in bh. two keywords characterize our business : improvement and stability. we continuously improve the work processes and competencies of all our resources, i. e. potentials. at the same time, we are trying to adapt, as much as possible, to the modern trends of central banking and the processes of the european union, in order to be fully compatible. on the other hand, we strive to preserve the core values that the central bank strives for, and that is stability. primarily the stability of our convertible mark, which enjoys the utmost trust of all bh citizens. we are facing times of economic uncertainty. and when the future is uncertain then the pillars of stability are more important than ever before. without strong foundations, there is no future construction. that is why i am convinced that the role of the central bank, as one of the foundations of not only economic, but also overall social stability, will be even greater in the future. we will continue to carry out our mandates, professionally and responsibly, and in the interest of all our citizens. thank you again, congratulations to all nominees and other winners in other categories with the following message : " only by joining forces, maintaining stability and believing in a better tomorrow we can, not only overcome this current crisis,