Bosnia and Herzegovina convertible mark
Bosnia and Herzegovina convertible mark | |
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konvertibilna marka (Croatian) (Bosnian) конвертибилна марка (Serbian) | |
Convertible marks banknotes of both entities | |
ISO 4217 code | BAM |
Central bank | Central Bank of Bosnia and Herzegovina |
Website |
www |
User(s) | Bosnia and Herzegovina |
Inflation | -0.4% |
Source | The World Factbook, 2009 est. |
Pegged with | euro = 1.95583 convertible marks |
Subunit | |
1/100 | fening |
Symbol | KM |
Plural | The language(s) of this currency belong(s) to the Slavic languages. There is more than one way to construct plural forms. |
Coins | 5, 10, 20, 50 feninga, 1, 2, 5 maraka |
Banknotes | 10, 20, 50, 100, 200 maraka |
The Bosnia and Herzegovina convertible mark (Bosnian, Croatian and Serbian: konvertibilna marka, Cyrillic: конвертибилна марка) is the currency of Bosnia and Herzegovina. It is divided into 100 fenings (pennies) (Bosnian, Croatian and Serbian Latin: feninga, Serbian Cyrillic: фенинга). It is locally abbreviated KM (Latin) or КМ (Cyrillic).
History
The convertible mark 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. Mark refers to the German mark, the currency to which it was pegged at par.
Etymology
The names derive from German Mark and Pfennig, hence the occasional local spelling of the subdivision as pfeniga.
Plurals
Bosnian, Croatian and Serbian have a complicated case system. In combination with the numbers 2, 3, and 4, nouns use the paucal form, which is marke in this case. In combination with numbers 5 or more, nouns use the genitive plural, or maraka. As for the fening, the paucal is feninga with a short unstressed a, whereas the genitive plural is feninga with a long unstressed a.
These matters should be noted when one uses the local names in English. For example, "ten feningas" is incorrect as the final "a" in "feninga" already indicates the plural. The Central Bank of Bosnia and Herzegovina (CBBH) uses "fenings" as the English plural.[1] Likewise, "ten marks" is correct, not "ten marakas".
Coins
In December 1998, coins were introduced in denominations of 10, 20 & 50 fenings. Coins of 1,2 and 5 marka were introduced later. The coins were designed by Bosnian designer Kenan Zekic[2] and minted at the Royal mint in Llantrisant.
Coins of the marka (1998–present)[1] | |||||||||||||||
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Image | Value | Technical parameters | Description | Date of | |||||||||||
Diameter | Mass | Composition | Edge | Obverse | Reverse | minting | issue | withdrawal | lapse | ||||||
5 fening | 18 mm | 2,66g | nickel-plated steel | reeded | Map of Bosnia and Herzegovina, country name, denomination | Flag of Bosnia and Herzegovina, country name, year | 2005~present | 5 January 2006 | Current | ||||||
10 fening | 20 mm | 3.9 g | copper-plated steel | plain | Map of Bosnia and Herzegovina, country name, denomination | Flag of Bosnia and Herzegovina, country name, year | 1998~present | 9 December 1998 | Current | ||||||
20 fening | 22 mm | 4,5 g | reeded | 1998~present | |||||||||||
50 fening | 24 mm | 5,15 g | 1998~present | ||||||||||||
1 marka | 23,25 mm | 4,95 g | nickel-plated steel | milled and smooth | denomination, country name, indented and inverted triangles* | Coat of arms of Bosnia and Herzegovina | 2000~present | 31 July 2000 | Current | ||||||
2 marka | 25,75 mm | 6,9 g | cupro-nickel (inner ring), golden 5.5% nickel brass combination (outer ring) |
peace dove | 2000~present | ||||||||||
5 marka | 30 mm | 10,35 g | nickel-brass (inner ring), copper-nickel (outer ring) |
milled | 2005~present | 5 January 2006 | |||||||||
These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table.
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Banknotes
In 1998, notes were introduced in denominations of 50 fenings, 1 mark, 5, 10, 20, 50 and 100 marks. 200-mark notes were added in 2002, whilst the 50-fening, 1 and 5 mark notes were later withdrawn from circulation. All current notes are valid throughout the country.
The banknotes are issued by the Central Bank of Bosnia Herzegovina, with distinct designs for the Federation of Bosnia and Herzegovina and the Republika Srpska, except for the 5 and 200-mark note. On the notes of the Republika Srpska, inscriptions are printed in Cyrillic, then Latin script and vice versa. Banknotes, with the exception of the 200-mark note, are printed by the French company Oberthur.[3]
Federation of Bosnia and Herzegovina issues
Federation of Bosnia and Herzegovina issues[1] | ||||||||||
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Image | Value | Dimensions | Watermark | Description | Date of | |||||
Obverse | Reverse | Obverse | Reverse | printing | issue | withdrawal | lapse | |||
50 feninga/фенинга | 120 mm × 60 mm | Central Bank monogram repeated vertically | Skender Kulenović | ? | No date (1998) | 22 June 1998 | 1 January 2003[4] | 1 April 2018[5] | ||
1 marka/марка | 120 mm × 60 mm | Ivan Frano Jukić | ? | 1 January 2009[6] | ||||||
10 maraka/марака | 130 x 65 mm | Mehmedalija Mak Dizdar | ? | No date (1998) (2008) (2012) |
Current | |||||
20 maraka/марака | 138 x 68 mm | Antun Branko Šimić | ? | 27 June 1998 | ||||||
50 maraka/марака | 146 x 71 mm | Musa Ćazim Ćatić | ? | No date (1998) (2002) (2007) (2008) (2009) (2012) | ||||||
100 maraka/марака | 154 x 74 mm | Nikola Šop | ? | No date (1998) (2002) (2007) (2008) (2012) | ||||||
These images are to scale at 0.7 pixels per millimetre. |
Republika Srpska issues
Republika Srpska issues[1] | ||||||||||
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Image | Value | Dimensions | Watermark | Description | Date of | |||||
Obverse | Reverse | Obverse | Reverse | printing | issue | withdrawal | lapse | |||
50 feninga/фенинга | 120 mm × 60 mm | Central Bank monogram repeated vertically | Branko Ćopić | house and books | No date (1998) | 22 June 1998 | 1 January 2003[4] | 1 April 2018[5] | ||
1 marka/марка | 120 mm × 60 mm | Ivo Andrić | The Bridge on the Drina | 15 July 1998[a][7] | ||||||
10 maraka/марака | 130 x 65 mm | Aleksa Šantić | Loaf of bread | No date (1998) (2008) (2012) |
Current | |||||
20 maraka/марака | 138 x 68 mm | Filip Višnjić | Gusle (musical instrument) | 27 June 1998 | ||||||
50 maraka/марака | 146 x 71 mm | Jovan Dučić | pen, eyeglasses and book | No date (1998) (2002) (2007) (2008) (2009) (2012) | ||||||
100 maraka/марака | 154 x 74 mm | Petar Kočić | pen, eyeglasses and book | No date (1998) (2002) (2007) (2008) (2012) | ||||||
These images are to scale at 0.7 pixels per millimetre. |
Nationwide issues
The portrait of Meša Selimović, a writer, was featered by consensus between both entities on all 5 KM notes used between 1998 and 2010.
On 15 May 2002 a 200 KM banknote, designed by Robert Kalina, was introduced during a promotion that was held in the Central Bank of BH. The reverse design which depicts a bridge is meant to resemble the euro banknotes, which were also designed by Robert Kalina. After an international tender the Austrian Company Oesterreichische Banknoten und Sicherheitsdruck GmbH (OeBS) in Vienna was chosen to print the notes. Inititally six million were ordered.[8]
Nationwide issues[1] | ||||||||||
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Image | Value | Dimensions | Watermark | Description | Date of | |||||
Obverse | Reverse | Obverse | Reverse | printing | issue | withdrawal | lapse | |||
5 maraka/марака | 122 x 62 mm | Central Bank monogram repeated vertically | Meša Selimović | Trees | No date (1998) | 22 June 1998 | 1 January 2010[9] | 1 April 2018[5] | ||
200 maraka/марака | 156 x 76 mm | image of the Bridge on River Drina[10] | Ivo Andrić | The Bridge on the Drina | No date (2002) | 15 May 2002 | Current | |||
These images are to scale at 0.7 pixels per millimetre. |
Exchange rates
Initially the mark was pegged to the German mark at par. Since the replacement of the German mark by the euro in 2002, the Bosnian convertible mark uses the same fixed exchange rate to euro that the German mark has (that is, 1 EUR = 1.95583 BAM).
Current BAM exchange rates | |
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From Google Finance: | AUD CAD CHF EUR GBP HKD JPY USD HRK |
From Yahoo! Finance: | AUD CAD CHF EUR GBP HKD JPY USD HRK |
From XE: | AUD CAD CHF EUR GBP HKD JPY USD HRK |
From OANDA: | AUD CAD CHF EUR GBP HKD JPY USD HRK |
From fxtop.com: | AUD CAD CHF EUR GBP HKD JPY USD HRK |
From Currency.Wiki: | AUD CAD CHF EUR GBP HKD JPY USD HRK |
See also
- Currencies related to the euro
- Economy of Bosnia and Herzegovina
Notes
- ^ This Republika Srpska issue of 1 KM was immediately removed from circulation because of typo. Instead of "Ivo Andrić" it was written "Ivo Andriđ". The decision to not release into circulation banknote in denominations of 1 convertible mark was published in Official Gazette of B&H No 13/98.
References
- ↑ 1.0 1.1 1.2 1.3 1.4 Central Bank of Bosnia and Herzegovina. Available at: http://www.cbbh.ba/index.php?id=19&lang=en
- ↑ Website of Kenan Zekic. Available at: http://kenanzekic.com.ba/
- ↑ Mulic, Josef (2000). Papirini novac na tlu bosne i hercegovine od 1918. godine do danas
- ↑ 4.0 4.1 http://cbbh.ba/index.php?id=306
- ↑ 5.0 5.1 5.2 http://cbbh.ba/index.php?id=854
- ↑ http://cbbh.ba/index.php?id=538
- ↑ The decision to not release into circulation banknote in denominations of 1 convertible mark ("Official Gazette of B&H No 13/98)
- ↑ http://cbbh.ba/index.php?id=312
- ↑ http://www.cbbh.ba/index.php?id=638&lang=en
- ↑ Central Bank. http://cbbh.ba/index.php?id=312M
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