10 Konvertibilnih Maraka

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.