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Bosnia and Herzegovina konvertibilna marka
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Bosnia and Herzegovina konvertibilna marka
konvertibilna marka (Bosnian) (Croatian) (Latin Serbian)
конвертибилна марка (Cyrillic Serbian)
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| 200 konvertibilnih marka |
A selection of coins in convertible marks from Bosnia and Herzegovinia (10, 20 or 50 fenings, and 1 or 2 convertible marks) |
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| ISO 4217 Code |
BAM |
| User(s) |
Bosnia and Herzegovina |
| Inflation |
1.5% |
| Source |
The World Factbook, 2007 est. |
| Pegged with |
euro = KM 1.95583 |
| Subunit |
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| 1/100 |
fening (feninga or фенинга) |
| Symbol |
KM (Latin) or КМ (Cyrillic) |
| Plural |
The language(s) of this currency belong(s) to the Slavic languages. There is more than one way to construct plural forms. See article. |
| Coins |
5, 10, 20, 50 feninga/фенинга, 1 marka/марка, 2, 5 maraka/марака |
| Banknotes |
50 feninga/фенинга, 1 marka/марка, 5, 10, 20, 50, 100, 200 maraka/марака |
| Central bank |
Central Bank of Bosnia Herzegovina |
| Website |
www.cbbh.ba |
The convertible mark or marka (locally named konvertibilna marka in Bosnian, Croatian and Latin-written Serbian, or конвертибилна марка in Cyrillic-written Serbian, when using the singular form) is the currency of Bosnia and Herzegovina. It is divided into 100 fenings (feninga in Bosnian, Croatian and Latin Serbian, or фенинга in Cyrillic Serbian, when using the plural form; note that the finals of the name changes between singular, paucal and plural). The names derive from German Mark and Pfennig, hence the occasional local spelling of the subdivision as pfeniga (or пфенига in Cyrillic Serbian). Its ISO 4217 code is BAM and symbols used locally are KM (Latin) or КМ (Cyrillic).
History
The convertible mark was established by the 1995 Dayton Agreement and replaced the Bosnia and Herzegovina dinar, Croatian kuna and Republika Srpska dinar as the currency of Bosnia and Herzegovina in 1998. The marka in the name refers to the German mark, the currency to which it was pegged at par. Since the replacement of the German mark by the euro in 2002, the Bosnian convertible mark effectively uses the same fixed exchange rate to euro that the German mark has (that is, 1 EUR = 1.95583 BAM).
Orthography
English just writes a distinction between singular (one unit) and plural forms (not one) using a simple 's' for the plural; but Bosnian, Croatian and Serbian make an addition form for paucal (not one but less than 5). When using the local names in English texts, the main currency unit is shown using the singular marka (but the paucal is markë and the plural maraka), and its subdivision with the plural feninga (but the singular is fening and paucal is feninge). Lots of confusion can occur in English when using the local names:
- 10 feningas or 10 markas would be incorrect as the a final in feninga already marks the plural in Bosnian, Serbian, and Croatian; the plural (or paucal) marka needs another a, which is inserted in maraka;
- 1 feninga would be incorrect, the singular is fening and the paucal is 'feninge.
These rules have their equivalent in the Cyrillic script (when it is used with Serbian).
Coins
In 1998, coins were introduced in denominations of 5, 10, 20 and 50 feninga. 1, 2 and 5 maraka followed in 2000. The 5 feninga and 1 marka are struck in nickel-plated steel, the 10, 20 and 50 feninga in copper-plated steel, and the 2 and 5 maraka are bimetallic.
Banknotes
In 1998, notes were introduced in denominations of 50 feniga, 1 marka, 5, 10, 20, 50 and 100 maraka. 200 maraka notes were added in 2002, whilst the 50 feninga note was withdrawn from circulation on March 31, 2003.
The banknotes are issued by the Central Bank of Bosnia Herzegovina, with distinct designs for the Federation and the Republika Srpska (except for the 200 maraka), although all notes are valid throughout the country.
Current BAM exchange rates
See also
External links
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