Basic Country Data:

• Country ISO Code: BA

• Official Languages: Bosnian, Croatian, Serbian

• Language ISO Codes: bs, hr, sr

• Current Official Currency: Convertible Mark

• Current Currency ISO Code: BAM

1. Convertible Mark (BAM) — Official Currency since 1998

• ISO Code: BAM

• Singular Name: marka

• Plural Name: marke

• Monetary Subdivision: 1 marka = 100 feninga

• Subdivision Name Singular: fening

• Subdivision Name Plural: feninga

• Initial Production Date: 1998

• Initial Circulation Date: 1998

• Final Production Date: ongoing

• Final Circulation Date: currently in circulation

• Mint: coins produced by the Royal Mint (United Kingdom)

• Issuing Bank: Central Bank of Bosnia and Herzegovina

• Coin Denominations: 5, 10, 20, 50 feninga; 1 and 2 marke

• Banknote Denominations: 1, 5, 10, 20, 50, 100, 200 marke

• Designs / Symbols:

  • Banknotes come in two design versions — for the Federation of Bosnia and Herzegovina and Republika Srpska — differing in portraits and scripts, but identical in size, color, and security features.

  • Banknotes depict significant historical and cultural figures and symbols of Bosnia and Herzegovina.

• Current Circulation Status: active official currency

• Economic Historical Context:

  • Introduced in 1998 to replace the Bosnia and Herzegovina dinar.

  • Currency is pegged to the euro at a fixed rate of 1 EUR = 1.95583 BAM.

  • Each banknote is fully backed by euro reserves, ensuring currency stability.

• Curiosities:

  • 1998 banknotes were produced in France, coins in the United Kingdom.

  • The 1 marka banknote for Republika Srpska was never issued due to a printing error.

  • After more than 25 years, the Convertible Mark remains a symbol of monetary stability in Bosnia and Herzegovina.

2. Bosnia and Herzegovina Dinar — Previous Currency (1992–1998)

• Used from 1992 until replaced by the Convertible Mark in 1998.

• Subject to high inflation and instability due to wartime and economic conditions.

3. Historical Currencies before 1992

• Various currencies circulated historically in Bosnia and Herzegovina, including:

  • Medieval Bosnian dinar (denar)

  • Currencies of the Ottoman Empire, Austro-Hungarian Empire, Kingdom of Yugoslavia, and Socialist Federal Republic of Yugoslavia

  • Yugoslav dinar until the breakup of Yugoslavia

This report provides a complete financial overview of Bosnia and Herzegovina, with a focus on the Convertible Mark as a stable and official currency since 1998, including its characteristics, historical context, and current usage.