•  It is a state level institution, which means it is the only monetary authority in BH and operates over the whole country through five offices. It has 265 staff. •  The CBBH law specifies clearly the functions that the CBBH must carry out and also sets a number of limitations on its operations.
•  Subject to these legal requirements and restrictions, the CBBH is completely independent of political influence. Monetary policy •  Monetary policy is the CBBH’s most important function. •  The CBBH operates monetary policy through a strict currency board arrangement, which is stipulated in the CBBH law.