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100 Konvertibilnih Maraka
| Issuer | Centralna Banka Bosne i Hercegovine (Central Bank of Bosnia and Herzegovina) |
|---|---|
| Year | 2007-2008 |
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| Value | Log in to see details |
| Currency | Convertible Mark (1998-date) |
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| Obverse description | Intaglio portrait of Bosnian writer, playwright, and politician Petar Kočić (1877–1916) at right, set against a fine guilloche underprint in warm amber and gold tones. A gold foil diamond-shaped holographic patch occupies the left-centre field, with the large bold numeral '100' positioned below it. The bank name is inscribed in both Cyrillic and Latin scripts along the upper margin, with the full denomination spelled out vertically along the right border. |
|---|---|
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| Protection description | Petar Kočić portrait watermark visible when held to light; embedded security thread with microtext; gold foil diamond-shaped holographic patch on obverse |
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| Comments |
The konvertibilna marka was pegged to the Deutsche Mark at par when introduced in 1998, then automatically inherited the euro peg of 1.95583 KM per euro when Germany adopted the single currency — a fixed rate the Central Bank of Bosnia and Herzegovina has maintained without a single devaluation. The currency board arrangement underpinning it strips the central bank of discretionary monetary policy almost entirely, which is precisely the point: the setup was mandated by the Dayton Agreement framework as a mechanism for building cross-entity confidence in a shared institution.
Oberthur's Chantepie facility produced the 2007–2008 emission of this denomination.