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20 Konvertibilnih Maraka
| Issuer | Central Bank of Bosnia and Herzegovina |
|---|---|
| Year | 2008 |
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| Reference(s) | P#75 |
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| Obverse lettering | ЦЕНТРАЛНА БАНКА БОСНЕ И ХЕРЦЕГОВИНЕ CENTRALNA BANKA BOSNE I HERCEGOVINE 20 КОНВЕРТИБИЛНИХ МАРАКА KONVERTIBILNIH MARAKA ДВАДЕСЕТ КОНВЕРТИБИЛНИХ МАРАКА DVADESET KONVERTIBILNIH MARAKA ФИЛИП ВИШЊИЋ 1765 -1835 |
| Reverse description | Central vignette of a gusle — the traditional single-stringed bowed instrument closely associated with epic folk poetry — rendered in intaglio within an elaborate circular guilloche rosette in brown and mauve tones. The denomination '20' appears in bold numerals at lower right, flanked by the bank title in Cyrillic and Latin across the top. A diamond-shaped holographic foil element is positioned at the right margin. |
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| Comments |
The convertible mark was introduced in 1998 under the terms of the Dayton Agreement, pegged at parity to the Deutsche Mark and subsequently locked to the euro at 1.95583 KM — a rate it still holds. The currency's rigid peg is enshrined in the central bank's founding legislation, which explicitly prohibits the bank from extending credit to the government or acting as lender of last resort, an unusual structural constraint designed to prevent the monetary manipulation that had devastated the region in the early 1990s.
Oberthur Fiduciaire, operating from their Chantepie facility, produced the series to high security specification. The 2008 date marks a reissue within an established series rather than a fundamental redesign.