Bosnia and Herzegovina konvertibilna marka

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).

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).

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.

Banknotes

50 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of 50 pfeniga, 1, 5, 10, 20, 50 and 100 maraka. 200 maraka notes were added in 2002, whilst the 50 feninga note was withdrawn from circulation on March 31, 2003.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.

• 50 feninga/фенинга (spelled as "pfeniga/пфенига") (Skender Kulenović and Branko Ćopić)
• 1 marka/марка (Fra Ivan Franjo Jukić and Ivo Andrić)
• 5 maraka/марака (Meša Selimović)
• 10 maraka/марака (Mehmedalija Mak Dizdar and Aleksa Šantić)
• 20 maraka/марака (Antun Branko Šimić and Filip Višnjić)
• 50 maraka/марака (Musa Ćazim Ćatić and Jovan Dučić)
• 100 maraka/марака (Nikola Šop and Petar Kočić)
• 200 maraka/марака (Ivo Andrić)

See also

• Currencies related to the euro
• Economy of Bosnia and Herzegovina

External links

• Don's World Coin Gallery - Bosnia & Herzegovina
• Ron Wise's World Paper Money - Bosnia - Herzegovina ^{Mirror site}
• The Global History of Currencies - Bosnia-Herzegovina
• Global Financial Data currency histories table (Image:Crystal 128 kspread.png Microsoft Excel format)
• Current circulating currency

bs:Konvertibilna marka

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