Bosnia and Herzegovina convertible mark


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 convertible mark
Convertible marks of both entities Coins of the convertible mark
ISO 4217 code BAM
User(s) Bosnia and Herzegovina 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. See article.
Coins 5, 10, 20, 50 feninga, 1, 2, 5 maraka
Banknotes 10, 20, 50, 100, 200 maraka
Central bank Central Bank of Bosnia and Herzegovina
Website www.cbbh.ba

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

Contents

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. 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).

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 borne in mind when using 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 and not "ten marakas".

Coins

On 9 December 1998, coins were introduced in denominations of 10, 20 & 50 fenings which were designed by the Bosnian designer Kenan Zekic; coins of 1 mark and 2 marks followed on 31 July 2000. The 5 fening and 5 maraka coins were introduced on 5 January 2006. The 5 fening piece and the 1 mark are struck in nickel-plated steel, the 10, 20 and 50 fening pieces in copper-plated steel, while the 2 and 5 maraka pieces are bimetallic.

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 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 of Bosnia and Herzegovina and the Republika Srpska, except for the 200-mark note. All current notes are valid throughout the country.

The withdrawal of KM 5 banknote from circulation was recommended by the CBBH Governing Board in March 2009.[2] The KM 5 banknote was legal tender until 31 December 2009 and commercial banks continued to accept KM 5 banknotes until 31 March 2010. The KM 5 coin remains in circulation.

Current BAM exchange rates
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 OzForex: 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

References

External links

Preceded by:
Bosnia and Herzegovina dinar
Location: B&H except Republika Srpska
Reason: inflation
Ratio: 1 convertible mark = 100 Dinar
Currency of Bosnia and Herzegovina
1998 –
Succeeded by:
Current
Preceded by:
Yugoslav new dinar
Location: Republika Srpska
Reason: Dayton Agreement
Ratio: 1 convertible mark = 1 Deutsche Mark

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