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ViewpointSeptember 28 2023

Senad Softić: How payment systems create greater financial stability

The digitalisation of services and resilient payment systems that result in lower transaction costs and higher levels of money supply have had a profound impact on Bosnia-Herzegovina’s economy, says the country’s central bank governor.
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Senad Softić: How payment systems create greater financial stability

The Central Bank of Bosnia-Herzegovina (CBBH) established the country’s payment systems 22 years ago. These systems have a high level of operational reliability and stability for the smooth movement of financial flows within Bosnia-Herzegovina’s economy.

Reliable and stable payment systems are significant factors in the financial stability of the economy they serve, which is manifested through the influence on fiscal and monetary system stability, the building of trust in the national currency, and the strengthening of liquidity and market potential.

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