2 Konvertibilne Marke

The Konvertibilna Marka was introduced in 1998 under the Dayton Agreement's financial architecture, pegged at parity to the Deutsche Mark — and, after 2002, to the euro at the fixed DEM/EUR conversion rate of 1.95583. The currency was deliberately designed to function without a functioning central government, with the issuing authority split between entity-level boards. That political compromise is baked into the coin's very existence.

Bosnia has never floated its currency. The peg holds by law, not by market confidence.