Bosnia and Herzegovina convertible mark


Bosnia and Herzegovina convertible mark
konvertibilna marka (Bosnian) (Croatian) (Serbian)
конвертибилна марка (Serbian)
Convertible marks of both entities Coins of the konvertibilna marka
Convertible marks of both entities Coins of the konvertibilna marka
ISO 4217 Code BAM
User(s) Flag of Bosnia and Herzegovina Bosnia and Herzegovina
Inflation 8%
Source The World Factbook, 2008 est.
Pegged with euro = 1.95583 convertible marks
Subunit
1/100 fening (Latin) or фенинг (Cyrillic)
Symbol KM (Latin) or КМ (Cyrillic)
Plural The language(s) of this currency belong(s) to the Slavic languages. There is more than one way to construct plural forms. See article.
Coins 5, 10, 20, 50 feninga/фенинга, 1 marka/марка, 2, 5 maraka/марака
Banknotes 1 marka/марка, 5, 10, 20, 50, 100, 200 maraka/марака
Central bank Central Bank of Bosnia Herzegovina
Website www.cbbh.ba

The Bosnia and Herzegovina convertible mark (Bosnian, Croatian and Serbian Latin:konvertibilna marka, Serbian Cyrilic:конвертибилна марка) (sign: KM; code: BAM) is the currency of Bosnia and Herzegovina. It is divided into 100 feninga. The names derive from German Mark and Pfennig, hence the occasional local spelling of the subdivision as pfeniga. Its ISO 4217 code is BAM and symbols used locally are KM (Latin) or КМ (Cyrillic).

Contents

History

The 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. Marka refers to the German mark, the currency to which it was pegged at par. Since the replacement of the German mark by the euro in 2002, the Bosnian convertible mark effectively uses the same fixed exchange rate to euro that the German mark has (that is, 1 EUR = 1.95583 BAM).

Orthography

Bosnian, Croatian and Serbian have a complicated case system. In combination with the numbers 2, 3, and 4, nouns use nominativ plural, which is marke in case of the convertible mark. In combination with numbers 5 or more, nouns use genitiv plural, in this case maraka. As for the fening, both forms are feninga.

These matters should be borne in mind when using the local names in English. For example, "ten feningas" is incorrect as the final "a" in "feninga" already marks the plural. Likewise, "ten marks" is correct and not "ten marakas".

Coins

On December 9, 1998, coins were introduced in denominations of 10, 20 and 50 feninga; 1 marka and 2 marke followed on July 31, 2000. The 5 feninga and 5 maraka were introduced on January 5, 2006. 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 marke and 5 maraka are bimetallic.

Banknotes

In 1998, notes were introduced in denominations of 50 feninga, 1 marka, 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.

Current BAM exchange rates

From Currate.com Tools: AUD CAD CHF EUR GBP HKD JPY USD HRK
From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD HRK
From XE.com: AUD CAD CHF EUR GBP HKD JPY USD HRK
From OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD HRK

See also

External links

Preceded by:
Bosnia and Herzegovina dinar
Location: B&H except Republika Srpska
Reason: inflation
Ratio: 1 convertible mark = 1 Deutsche Mark		 Currency of Bosnia and Herzegovina
1998 –		 Succeeded by:
euro
Ratio: 1.95583 marka = 1 euro
Note: de facto currency
Preceded by:
Yugoslav new dinar
Location: Republika Srpska
Reason: Dayton Agreement
Ratio: 1 convertible mark = 1 Deutsche Mark






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