INTRODUCTION OF B-H CONVERTIBLE MARK POSITIVELY ASSESSED

( Editorial: --> 3186 ) MOSTAR, Sept 25 (Hina) - The payments system in Bosnia-Herzgovina needs a complete reform because the current system is confusing and expensive, Governor of the Central Bank of Bosnia-Herzegovina Peter Nicholl said on Friday. Nicholl said this during his visit to the Mostar branch of the Central Bank, where he and representatives of two business banks discussed the advancement of procedures to introduce the Bosnian currency (the convertible mark) to the payment system. Nicholl evaluated that the introduction of the convertible mark was fairing well to date. The Administrative Committee of the Central Bank has decided to release coins of 10, 15 and 20 convertible marks in the near future, Nicholl said. Decisions regarding the coins' design which are to be manufactured in England, are still pending. Ankica Musa, director of the Central Bank branch in Mostar, stated that a council had been formed with the aim of conducting reforms to the current payment system. The council will require political support, and the current laws will need to be changed to accommodate these reforms, she said. (Hina) sp/rml 252121 MET sep 98