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5 Konvertibilnih Maraka
| Issuer | Central Bank of Bosnia and Herzegovina |
|---|---|
| Year | 2005-2022 |
| Type | Log in to see details |
| Value | 5 Konvertibilnih Maraka |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Log in to see details |
| Reverse script | Latin, Cyrillic |
| Reverse lettering | Bosna i Hercegovina 5 KM Босна и Херцеговина |
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| Additional information |
The Convertible Mark was introduced in 1998 as part of the Dayton Agreement's economic provisions, pegged at exactly 1:1 with the Deutsche Mark and later, when Germany adopted the euro, re-pegged at 1.95583 KM to one euro — a rate it has held without adjustment ever since. The currency is jointly managed by the three constituent peoples of Bosnia and Herzegovina, a political arrangement that makes even routine central bank decisions subject to ethnic-bloc negotiation.
Bosnia has no independent monetary policy as a result. The fixed peg is maintained by a currency board structure that requires full foreign reserve backing for every mark in circulation.