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10 Konvertibilnih Maraka
| Issuer | Central Bank of Bosnia and Herzegovina |
|---|---|
| Year | 2008 |
| Type | Log in to see details |
| Value | 10 Konvertibilnih Maraka |
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| Composition | Log in to see details |
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| Obverse description | At centre, a portrait vignette of the lyric poet and editor Aleksa Šantić (1868–1924) is set against an intricate guilloche rosette, with his name and life dates inscribed below. The bilingual bank title in Cyrillic and Latin script runs across the upper register, while the denomination in both scripts appears along the left margin and lower area. A rhombus-shaped security device is positioned at the right edge. |
|---|---|
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| Protection description | Aleksa Šantić's portrait; embedded security thread with microtext |
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| Comments |
The konvertibilna marka was introduced in 1998 under the Dayton Agreement's financial architecture, pegged to the Deutsche Mark at par and subsequently locked to the euro at 1.95583 — a rate it still holds. That fixed peg, enforced by a currency board arrangement with no capacity for discretionary monetary policy, was the entire point: post-war Bosnia needed an anchor no domestic institution could undermine.
Oberthur's Chantepie facility handled the bulk of KM production across multiple series. The P#73 is a revised issue within an otherwise conservative series — security upgrades rather than a redesign.