Bosnia and Herzegovina konvertibilna marka

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Bosnia and Herzegovina konvertibilna marka
konvertibilna marka (Bosnian) (Croatian) (Latin Serbian)
конвертибилна марка (Cyrillic Serbian)
200 konvertibilnih maraka A selection of mark coins from KM0,10 to KM2
200 konvertibilnih maraka A selection of mark coins from KM0,10 to KM2
ISO 4217 Code BAM
User(s) Bosnia and Herzegovina
Inflation 1.5%
Source The World Factbook, 2007 est.
Pegged with euro = KM1.95583
Subunit
1/100 fening
Symbol KM (Latin) or КМ (Cyrillic)
Plural The language(s) of this currency belong(s) to the Slavic languages. There is more than one way to construct plural forms. See article.
Coins 5, 10, 20, 50 feninga, 1, 2, 5 maraka
Banknotes 50 pfeniga, 1, 5, 10, 20, 50, 100, 200 maraka
Central bank Central Bank of Bosnia Herzegovina
Website www.cbbh.ba

The konvertibilna marka (Bosnian, Croatian and Serbian Latin, Serbian Cyrillic: конвертибилна марка, English: convertible mark , ISO 4217: BAM, symbols: KM (Latin) or КМ (Cyrillic)) is the currency of Bosnia and Herzegovina. It is divided into 100 feninga (Bosnian and Croatian, фенинга in Serbian). The names derive from the German Mark and Pfennig, hence the occasional spelling of the subdivision as pfeniga (пфенига).

Contents

[edit] History

The konvertibilna marka was established by the 1995 Dayton Agreement and replaced the Bosnia and Herzegovina dinar, Croatian kuna and Republika Srpska dinar as the currency of Bosnia and Herzegovina in 1998. The "marka" in the name refers to the Deutsche Mark, the currency to which it was pegged at par. Since the replacement of the Deutsche Mark by the euro in 2002, the marka effectively uses the same fixed exchange rate to euro that the Deutsche Mark has (that is, €1 = 1.95583 konvertibilna marka).

[edit] Coins

In 1998, coins were introduced in denominations of 5, 10, 20 and 50 feninga. 1, 2 and 5 maraka followed in 2000. The 5 feninga and 1 marka are struck in nickel-plated steel, the 10, 20 and 50 feninga in copper-plated steel, and the 2 and 5 maraka are bimetallic.

[edit] Banknotes

50 konvertibilnih maraka (Federation of BiH)
50 konvertibilnih maraka (Federation of BiH)
100 konvertibilnih maraka (Federation of BiH)
100 konvertibilnih maraka (Federation of BiH)

In 1998, notes were introduced in denominations of 50 pfeniga, 1, 5, 10, 20, 50 and 100 maraka. 200 maraka notes were added in 2002, whilst the 50 feninga note was withdrawn from circulation on March 31, 2003. The banknotes are issued by the Central Bank of Bosnia Herzegovina, with distinct designs for the Federation and the Republika Srpska (except for the 200 maraka), although all notes are valid throughout the country.

Current BAM exchange rates
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[edit] See also

[edit] External links

Preceded by:
Bosnia and Herzegovina dinar
Location: B&H except Republika Srpska
Reason: inflation
Ratio: 1 convertible mark = 1 Deutsche Mark		 Currency of Bosnia and Herzegovina
1998 –		 Succeeded by:
Current
Preceded by:
Yugoslav new dinar
Location: Republika Srpska
Reason: Dayton Agreement
Ratio: 1 convertible mark = 1 Deutsche Mark
Retrieved from "http://en.wikipedia.org/wiki/Bosnia_and_Herzegovina_konvertibilna_marka"
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