Catalog
100 Konvertibilnih Maraka
| Issuer | Centralna Banka Bosne i Hercegovine |
|---|---|
| Year | 1998-2002 |
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| Value | 100 Konvertibilnih Maraka |
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| Obverse description | Intaglio portrait of Bosnian poet Nikola Šop (1904–1982) in a diamond-shaped vignette at right centre, set against a warm ochre guilloche underprint. A holographic security element in diamond form appears at upper left, with the large numeral '100' in intaglio at lower centre. The issuer's name in both Latin and Cyrillic scripts runs along the top margin, with a facsimile governor's signature and year at lower left. |
|---|---|
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| Protection type | Hologram, Security thread, Watermark |
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| Comments |
The Konvertibilna Marka was introduced in 1998 under the Dayton Agreement's financial architecture, pegged first to the Deutsche Mark and later, automatically, to the Euro at the fixed rate of 1.95583 KM. The currency was deliberately designed to function without a central monetary policy — the Central Bank operates as a pure currency board, legally prohibited from extending credit to the government or commercial banks. That constraint was written in specifically to prevent the kind of wartime monetary collapse Bosnia had experienced just years earlier.
Oberthur's Rennes facility handled production for the entire inaugural series. P#69 is the highest denomination of that first issue.