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100 Konvertibilnih Maraka
| Issuer | Centralna Banka Bosne i Hercegovine |
|---|---|
| Year | 1998-2002 |
| Type | Log in to see details |
| Value | 100 Konvertibilnih Maraka |
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| Obverse description | Portrait vignette of Bosnian writer, playwright, and politician Petar Kočić (1877–1916) at right centre, set within a guilloche rosette frame against a light ochre and brown underprint. A large watermark window occupies the left field, flanked by the bold intaglio numeral '100' in the lower centre. Bilingual bank title in Cyrillic and Latin script runs across the top, with denomination inscriptions in both scripts along the right vertical border and lower margin. |
|---|---|
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| Variants | P#70a - ND (1998) P#70b - 2002 |
| Comments |
The Konvertibilna Marka was introduced in 1998 as part of the Dayton Agreement's economic architecture, pegged at parity to the Deutsche Mark and administered through a currency board arrangement — meaning the Central Bank held no discretionary monetary policy powers whatsoever. Every marka in circulation had to be fully backed by foreign exchange reserves, a constraint deliberately written into the banking law to prevent the kind of hyperinflationary collapse that had devastated the Yugoslav dinar years earlier.
When Germany adopted the euro in 2002, the KM's peg transferred automatically to the euro at the inherited DM rate of 1.95583, where it remains fixed today — making this note's issuing period a transitional one in more ways than the calendar suggests.