How are members of the CNB Council appointed?

How are members of the CNB Council appointed?

Objavljeno: 5.6.2020.

The Governor, Deputy Governors and Vicegovernors of the Croatian National Bank are appointed by the Croatian Parliament on the proposal of the Elections, Appointments and Administration Committee and on the basis of an opinion of the Finance and Central Budget Committee.

Members of the Council of the Croatian National Bank are appointed for a term of six years. They must be citizens of the Republic of Croatia of recognised personal reputation and professional experience in monetary, financial, banking or legal matters.

The Council is the highest body of the Croatian central bank, which is responsible for the achievement of the objective and the carrying out of the tasks of the CNB. The Council consists of eight members: the Governor, Deputy Governor and six Vicegovernors.

The President of the Council is the Governor, and the Statute of the Croatian National Bank specifies which tasks within its competence the Council may delegate to the Governor. The Governor of the Croatian National Bank is a member of the General Council of the European Central Bank.

More: Governor, Deputy Governor, Vicegovernors