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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]
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Jun 22, 2023 · Cash payment transactions in Bosnia and Herzegovina, before the introduction of the convertible mark, were burdened by numerous currencies. It was a difficult path to win the space for the KM currency to suppress confidence in others and become a trusted currency for citizens and the economy.
Oct 11, 2022 · The Bosnia-Herzegovina Convertible Mark (BAM) is the national currency of Bosnia and Herzegovina. It was introduced in 1995 as part of the Dayton Agreement, which brought an end to the...
- Jason Fernando
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 ...
Jul 27, 2021 · The Central Bank of Bosnia and Herzegovina put in circulation and withdraw domestic currency banknotes, convertible marks, in strict compliance with the rules of the Currency Board, established by the Law on the Central Bank of Bosnia and Herzegovina.
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 ...
The Central Bank of Bosnia and Herzegovina maintains monetary stability by issuing domestic currency according to the currency board arrangement with full coverage in freely convertible foreign exchange funds under the fixed exchange rate (1 BAM: 0.51129 EUR).
