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Bosnian Central Bank reduces commercial banks' legal reserve ratio.

Asia Africa Intelligence Wire

| May 14, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From BBC Monitoring International Reports)

[Announcer] The Bosnia-Hercegovina Central Bank's Management Board has decided that the commercial banks' legal reserve ratio at the Bosnia-Hercegovina Central Bank amounts to five per cent. This decision, in addition to the other three from the reform package in the sphere of legal reserve requirements, will be enforced starting 1 June, reported Peter Nichol, governor of the Bosnia-Hercegovina Central Bank. Radan Skipina reports.

[Reporter] In line with the recent changes to the Law on the Bosnia-Hercegovina Central Bank, the Central Bank's Management Board has reduced the commercial banks' legal reserve ratio at …

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