To save in economical theory is defined as an abstention of spending material goods or money. With the accumulation of small savings, large money sums are created that can be used for the achievement of massive economical and other social projects. For the economy of every country the amount of total savings it has is a significant economical category that substantially determinats the investment capabilities of the national economy.
The World Day of savings is celebrated on the 31rst of October when the first international congress of all the representatives of the saving institutions of the world was held in 1924 in Milan.
One of the conclusions from the Congress was that savings are essential to the development of mankind and therefore the World Day of savings was established in the goal of popularizing that understanding. 350 delegates from 27 countries brought this decision, which represented around one hundred million savings depositors.
According to the data from the Central Bank of Bosnia and Herzegovina, savings of the citizens of Bosnia and Herzegovina on June 30th 2004 amounted up to 2.1 billion KM and was 13 % more in relation to the end of the year 2003.
Of the total savings of citizens, 73 % of savings are savings of foreign currency. Savings in the domestic currency have a considerably larger growth rate (25%) from the growth rate of savings in the foreign currency (9%) therefore even this figure could be taken into consideration as an indicator of economical revival in BiH.
The Croatian post Ltd. Mostar regularly celebrates significant international days by issuing commemorative issues.
This year we have decided to celebrate The International Day of savings and as a result of our collaboration with Hypo Alpe Adria Bank of Bosnia and Herzegovina our commemorative issue “Day of savings” is at your disposal.
