5 Feninga

Bosnia and Herzegovina's convertible mark system, introduced in 1998 under the Dayton Agreement's economic provisions, pegged the currency to the Deutschmark and later the euro at a fixed rate administered by a currency board — an arrangement that deliberately stripped the central bank of discretionary monetary policy. The feninga denominations exist largely as accounting units; in practice, prices in Bosnia round aggressively and these smallest coins see minimal transactional use.