BOSNIAN CENTRAL BANK DECREASES THE REQUIRED RESERVES RATE TO 14%

SARAJEVO, Bosnia (October 14,2008) - Today, on October 14, 2008, the Governing Board of the Bosnian Central Bank made a decision to reduce the reserve requirements rate from 18% to 14%, the one which the commercial banks in Bosnia hold with the Bosnian Central Bank.

Although the liquidity of commercial banks in Bosnia is not jeopardised, decision on the decrease of the required reserves by 4% to the banks will provide the additional liquidity in the amount of 727 million Bosnian Marks,the Bosnian Central Bank said.

This Decision enters in force immediately and commercial banks will receive the instructions on the way of required reserves calculation in accordance to this Decision.
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