Bozic: FX reserves of CBBH deposited in banks of the most table countries of Eurozone
02. December 2011. | 10:52
"Foreign exchange reserves are invested safely in the central banks of the most stable countries in the eurozone. They are partly invested in government bonds of stable European economies, and partly in monetary gold," Bozic said yesterday in a statement to reporters in Banja Luka.
Competent representatives of BiH for monetary policy do not believe in the collapse of the euro, to which convertible mark (KM) is directly tied.
Vice-governor of the Central Bank of BiH Radomir Bozic believes that the interest of "key players" in the euro zone is for euro to survive and that a solution will be found for the debt crisis.
"We should not forget that the strongest European countries brought in their monetary sovereignty in the eurozone and replaced their national currencies with the euro. According to this logic, I conclude that their interest is the survival of the eurozone and the euro as a currency," says Bozic.
"Even in the most unfavorable scenario we should not be naive, that Germany, France and other countries will remain without adequate currency.
Our expectations are that in this case, the foreign reserves of the Central Bank of BiH and individual savings deposits would just be transferred into a new currency," said Bozic and added that he did not believe in such scenario.
Foreign exchange reserves of the Central Bank of BiH, in his opinion, are relatively stable and amount to something over six billion KM.
"They are invested safely in the central banks of the most stable countries in the eurozone. They are partly invested in government bonds of stable European economies, and partly in monetary gold," Bozic said yesterday in a statement to reporters in Banja Luka.
Member of the Governing Board of the Central Bank of BiH Milenko Krajisnik considers that a change in the monetary policy of the European Central Bank would be a possible way out of the current crisis in the eurozone.
The BiH Presidency member Nebojsa Radmanovic believes that there will be no collapse of the euro in mid-January, as one might have heard from some sources in the world, although the EU is in a difficult situation.