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History. The convertible mark was established by the 1995 Dayton Agreement. It replaced the Bosnia and Herzegovina dinar, Croatian kuna and Yugoslav novi dinar as the single currency of Bosnia and Herzegovina in 1998. Mark refers to the Deutsche Mark, the currency to which it was pegged at par. [1] Etymology. The names derive from German.
Jun 22, 2023 · On this day, June 22, 1998, 25 years ago, the first banknotes of the convertible mark were put into circulation in the denominations of 50 F, 1 KM, 5 KM and 10 KM. With the release of the first banknotes into circulation, the history of the domestic currency, the convertible mark, as legal tender in Bosnia and Herzegovina began.
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 denomination was issued on 15 May 2002.
Oct 11, 2022 · Fact checked by. Diane Costagliola. What Is the Bosnia-Herzegovina Convertible Mark (BAM)? The Bosnia-Herzegovina Convertible Mark (BAM) is the national currency of Bosnia and...
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Apr 30, 2015 · The Bosnia & Herzegovina convertible mark (Bosnian, Croatian and Serbian: konvertibilna marka, Cyrillic: конвертибилна марка) is the currency of Bosnia & Herzegovina. It is divided into 100 fenings (pennies) (Bosnian, Croatian and Serbian Latin: feninga, Serbian Cyrillic: фенинга ).
Nov 17, 2023 · Various currencies were used, each reflecting the region's political shifts and economic challenges. Understanding the evolution of the monetary system provides valuable insights into the origins and significance of the convertible mark in modern-day Bosnia and Herzegovina. 2. Ottoman Era: The Introduction of the Ake
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Jun 7, 2023 · June 7, 2023 by Mahmood Rehan. Welcome to the detailed guide on the Bosnia and Herzegovina National Currency, the Convertible Mark. In this article, we will explore the history, features, stability, and significance of the Convertible Mark.
