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The convertible mark ( Bosnian: konvertibilna marka, Cyrillic: конвертибилна марка; sign: KM; code: BAM) is the currency of Bosnia and Herzegovina. It is divided into 100 Pfenig or Fening ( Пфениг / Фенинг) and locally abbreviated KM. [1]
Jun 22, 2023 · A huge effort has been made to create a legal and regulatory framework for the introduction of the convertible mark. In accordance with the legal regulations in Bosnia and Herzegovina, domestic payments are made exclusively with convertible marks.
Monetary unit of Bosnia and Herzegovina is “convertible mark” (KM). Convertible mark is divided in hundred of „fenings“ (F). The first series of KM banknotes in denominations of F 50, KM 1, KM 5 and KM 10 was issued on 22 June, 1998; KM 20, KM 50 and KM 100 denominations were issued on 27 July, 1998, and the banknote of KM 200 ...
Nov 17, 2023 · In the case of Bosnia and Herzegovina, the birthplace of the Convertible Mark (KM), the banknotes and coins showcase a unique blend of historical significance and modern design elements. Let's delve into the fascinating world of the KM currency and explore its captivating design and features.
The remaining convertible mark of Bosnia and Herzegovina is a currency that officially replaced the German mark as de facto currency of the ruptured economy and hyper-inflation of local divided currencies after the Bosnian war, pegged to the German mark 1:1 at the time, and further pegged to Euro at the rate at which German mark was replaced, i ...
Jun 7, 2023 · The Convertible Mark stands as a symbol of stability, progress, and resilience for Bosnia and Herzegovina. Since its introduction, it has played a crucial role in rebuilding the economy and maintaining a strong financial system.
A Central Bank of Bosnia and Herzegovina was established in late 1997, debt negotiations were held with the London Club in December 1997 and with the Paris Club in October 1998, and a new currency, the Bosnia and Herzegovina convertible mark, was introduced in mid-1998. In 1999, the Convertible Mark gained wider acceptance, and the Central Bank ...
