Catalog
1 Konvertibilna Marka Not issued
| Issuer | Central Bank of Bosnia and Herzegovina |
|---|---|
| Year | 1998 |
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| Reference(s) | P#60 |
| Obverse description | Portrait of Nobel Prize-winning writer Ivo Andrić (1892–1975) in intaglio to the right, set against a fine green guilloche underprint with the numeral '1' in large format to the left. The bank title in both Cyrillic and Latin script runs across the top, with the denomination inscribed in both scripts flanking the central vignette. A diamond-shaped security device appears to the left of the portrait. |
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| 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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| 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.