Convertible Mark

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Convertible Mark
Country: Bosnia and HerzegovinaBosnia and Herzegovina Bosnia and Herzegovina
Subdivision: 100 fening
ISO 4217 code : BAM
Abbreviation: KM
Exchange rate :
(August 24, 2020)

1  EUR  = 1.95583 BAM (fixed)

1  EUR  = 1.95583 BAM
1 BAM = 0.51129 EUR

1  CHF  = 1.81752 BAM
1 BAM = 0.5502 CHF

The convertible mark (in the national languages convertibilna marka / конвертибилна марка) has been the currency of Bosnia and Herzegovina since June 22, 1998 . Until 2001 it was linked to the Deutsche Mark at a ratio of 1: 1 , and since 2002 to the euro (EUR 1 = 1.95583 KM). A convertible mark is divided into 100 fenings .

The convertible mark is abbreviated with KM (also: km ), the Fening with Kf. , The currency according to ISO 4217 with BAM ( Bosnia and Herzegovina according to ISO 3166-1 and Mark ).

General

Until 1998, three different currencies were used in the three ethnically controlled sub-regions of Bosnia and Herzegovina, the Bosnian dinar , the Croatian kuna and the (new) Yugoslav dinar . The Deutsche Mark was widespread in the unofficial sector and as an investment currency . This made the decision to peg the new common national currency to the DM easier; moreover, Mark was a name with no undesirable political connotations and was accepted by representatives of all three ethnic groups.

The KM is divided as follows:

  • Coins : 5 Kf, 10 Kf, 20 Kf, 50 Kf, 1 KM, 2 KM and 5 KM
  • Notes : 10 KM, 20 KM, 50 KM, 100 KM and 200 KM

Coins of 5 Kf and 5 KM have been in circulation since January 5, 2006. The 50 Fening notes (there with the spelling Pfeniga ) were taken out of circulation on March 31, 2003, the 1 KM notes followed on December 31, 2008. The 5 KM banknotes were withdrawn from circulation on March 31, 2010 .

The 200 KM banknote was designed by Robert Kalina and printed by Oesterreichische Banknote- und Sicherheitsdruck GmbH . All other notes were printed by Oberthur Technologies Fiduciary in Paris.

In 2007, a new version of 50 and 100 KM banknotes and in 2008 a new version of 10 and 20 KM banknotes were issued, which differ in design from the others through new security features.

Initially, German coins and notes were also in circulation and were used like domestic KM.

particularities

A special feature of the Bosnian-Herzegovinian banknotes is that, with the exception of the 200 KM note, each banknote was produced in two variants, namely one for the Republika Srpska and another for the Federation , but they are all valid throughout the country without restriction.

Another peculiarity are some spelling errors: The 1 KM note of the republic contains a spelling mistake in Ivo Andrić's name: “ Андриђ ” ( Andriđ ) instead of “ Андрић ” ( Andrić ); it was not put into circulation. On the back of the 5 KM notes, the Cyrillic value РЕТ ( ret ) instead of ПЕТ ( pet ) reads “five”. All banknotes issued in 1998 by both the Republic and the Federation show the error. The republic's banknote also contains an incorrect mark in the name of Meša Selimović. All banknotes up to 100 KM also have the Cyrillic letters " ЏББХ " ( DžBBH ) instead of " ЦББХ " ( CBBH for "Centralna Banka Bosne i Hercegovine") in the security strip .

Individual evidence

  1. ↑ Decision of the Board of Directors of the Central Bank of February 27, 2008 ( Memento of the original of February 22, 2014 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.cbbh.ba
  2. ↑ http://www.moneypedia.de/index.php/Konvertible_Mark
  3. ↑ Scan at banknoteworld.com ( Memento from February 19, 2006 in the Internet Archive )
  4. ↑ Scan at banknoteworld.com ( Memento from February 19, 2006 in the Internet Archive )

Web links

Commons : Coins of Bosnia and Herzegovina  - Collection of images, videos and audio files