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1 Konvertibilna Marka Not issued
| Issuer | Central Bank of Bosnia and Herzegovina |
|---|---|
| Year | 1998 |
| Type | Non-circulating banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ЦЕНТРАЛНА БАНКА БОСНЕ И ХЕРЦЕГОВИНЕ CENTRALNA BANKA BOSNE I HERCEGOVINE 1 КОНВЕРТИБИЛНА МАРКА KONVERTIBILNA MARKA ЈЕДНА КОНВЕРТИБИЛНА МАРКА JEDNA KONVERTIBILNA MARKA ИВО АНДРИЋ 1892 – 1975 |
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| Protection description | Ivo Andrić portrait; embedded security thread running vertically through the note |
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| Comments |
The convertible mark was introduced in 1998 as part of the monetary architecture established under the Dayton Agreement, replacing the Bosnian dinar at parity with the German mark — a deliberate political anchor designed to build credibility through external discipline rather than domestic monetary policy. The currency board arrangement meant the Central Bank had almost no discretionary authority; it could issue only what hard currency reserves backed.
This Oberthur-printed 1 KM was prepared but never released into circulation. Low-denomination notes of this type are often casualties of cost-benefit calculations — the expense of printing, distributing, and replacing paper notes at the 1 KM level rarely justifies itself when coins can absorb that function.