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28/04/2011

The meeting of delegations of the Central Bank of Bosnia and Herzegovina (CBBH), the Central Bank of Montenegro (CBM) and the National Bank of Serbia (NBS) was held on 28 April 2011 in Sarajevo. The Governor of the CBBH, Mr. Kemal Kozarić, the Governor of the CBM, Mr. Radoje Žugić, and the Governor of the NBS, Mr. Dejan Šoškić, discussed the current level of cooperation as well as its continuation in line with the protocols on cooperation signed by the central banks.

The governors discussed the conclusions from the previous meetings and later on presented macroeconomic trends and indicators prevailing in their countries. It was also concluded that a common system of reports will be established for these meetings to contain a set of indicators serving for the comparison of macroeconomic environment in the countries.

The thematic part of the meeting and the presentation of the managers of the CBBH Financial Stability Department of "The Analysis of Financial Stability in the CBBH" were assessed as very useful.

The final conclusion highlighted the need not only for the continuation, but also for deepening the cooperation, subject to subsequent defining of areas of cooperation at the level of the governors of the central/national banks. Dates of future regular meetings were generally agreed, and the conclusion was that invitations to join this group will also be sent to the central/national banks of Croatia, Bulgaria, Macedonia and Albania. In the future, the meetings will be held twice a year, in spring and autumn.

The next meeting will be held in Montenegro.