Bosnia and Herzegovina

Jun 23, 2023 4:32 PM

Bosnia and Herzegovina, a country located in Southeastern Europe, has a complex history when it comes to currency notes. Here is an overview of Bosnia and Herzegovina's history of currency notes:

  1. Yugoslav Dinar (1945-1992): Prior to the breakup of Yugoslavia, Bosnia and Herzegovina used the Yugoslav Dinar as its official currency. The notes featured designs that were common across all regions of Yugoslavia.
  2. Bosnia and Herzegovina Dinar (1992-1998): Following the independence of Bosnia and Herzegovina in 1992, the country introduced its own currency called the Bosnia and Herzegovina Dinar. However, due to political and economic instability during the Bosnian War, the currency was short-lived and experienced hyperinflation.
  3. Croatian Kuna and Deutsche Mark (1994-1998): In response to the hyperinflation, Bosnia and Herzegovina adopted the Croatian Kuna and the Deutsche Mark as official currencies in certain regions of the country. These currencies provided stability during the war period.
  4. Convertible Mark (1998-present): In an effort to stabilize the economy, Bosnia and Herzegovina introduced a new currency called the Convertible Mark (KM) in 1998. The Convertible Mark is pegged to the Euro, and its notes depict various cultural and historical landmarks, as well as prominent figures from Bosnian history.
  5. Denominations and Security Features: The Convertible Mark notes are available in denominations of 10, 20, 50, 100, and 200 KM. The notes incorporate various security features, including watermarks, security threads, holographic strips, and advanced printing techniques to prevent counterfeiting.
  6. Central Bank of Bosnia and Herzegovina: The Central Bank of Bosnia and Herzegovina, known as the Centralna Banka Bosne i Hercegovine, is responsible for issuing and managing the country's currency. It ensures the stability and integrity of the Convertible Mark and formulates monetary policies to support the country's economic development.

The currency notes of Bosnia and Herzegovina reflect the country's journey through political and economic changes. The introduction of the Convertible Mark brought stability to the economy and has been a symbol of the country's progress since its inception.