Bosnia and Herzegovina convertible mark: Encyclopedia - Bosnia and Herzegovina convertible mark

Bosnia and Herzegovina convertible mark

The Convertible Mark (Bosnian and Croatian: konvertibilna marka, Serbian: конвертибилна марка), (ISO 4217:BAM) is the currency of Bosnia and Herzegovina. It is divided into 100 feninga (фенинга in Serbian), from the German Pfennige.

It was established as such by the 1995 Dayton Agreement which replaced the former currency of Bosnia and Herzegovina named dinar. The marka in the name refers to the Deutsche Mark, the currency to which it was pegged until 2002 at a par exchange rate of 1:1. After the Deutsche Mark was absorbed by the euro in 2002, the currency was put on a fixed exchange rate of 1 convertible mark to 0.511292 euro (conversely, 1 EUR = 1.95583 BAM).

The two entities (the Federation and the Republika Srpska) have different banknotes of the same style but with different designs (the person and the symbol on the back is different), however they are interchangeable within the whole country. There is a exception of this is the 200 KM banknote, which has the same design throughout the country.

Coins

• 10 feninga/фенинга
• 20 feninga/фенинга
• 50 feninga/фенинга
• 1 marka/марка
• 2 marke/марке

Banknotes

• 50 feninga/фенинга (withdrawn from circulation March 31, 2003)
• 1 marka/марка
• 5 maraka/марака
• 10 maraka/марака
• 20 maraka/марака
• 50 maraka/марака
• 100 maraka/марака
• 200 maraka/марака

Adapted from the Wikipedia article "Bosnia and Herzegovina convertible mark", under the G.N U Free Docmentation License. Please also see http://en.wikipedia.org/wiki