UPDATE 1 – Bosnia’s Q2 C/A Deficit Rises 31% Y/Y to 515 Mln Euro

Bosnia's current account deficit in the second quarter rose 26% from the previous quarter.

The Bosnian marka is pegged to the euro under a currency board system at a fixed exchange rate of 1.95583 marka per euro.

Details follow (in millions of Bosnian marka):

NOTE: The central bank does not publish Bosnia's current account figures as percentage of the gross domestic product (GDP). Bosnia's revised GDP grew by a real 6.8% in 2007, reaching a nominal 21.64 billion marka, according to central bank data. The IMF estimated in June that Bosnia’s current account gap would reach 16% of GDP this year.