Catalog
100 Konvertibilnih Maraka
| Issuer | Centralna Banka Bosne i Hercegovine (Central Bank of Bosnia and Herzegovina) |
|---|---|
| Year | 2007-2008 |
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| Size | 154 × 74 mm |
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|---|---|
| Obverse lettering | ЦЕНТРАЛНА БАНКА БОСНЕ И ХЕРЦЕГОВИНЕ CENTRALNA BANKA BOSNE I HERCEGOVINE 100 КОНВЕРТИБИЛНИХ МАРАКА KONVERTIBILNIH MARAKA СТОТИНУ КОНВЕРТИБИЛНИХ МАРАКА STOTINU KONVERTIBILNIH MARAKA ПЕТАР КОЧИЋ 1877 - 1916 |
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| Reverse lettering | СТОТИНУ КОНВЕРТИБИЛНИХ МАРАКА STOTINU KONVERTIBILNIH MARAKA 100 ЦЕНТРАЛНА БАНКА БОСНЕ И ХЕРЦЕГОВИНЕ CENTRALNA BANKA BOSNE I HERCEGOVINE |
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| Comments |
The konvertibilna marka was pegged to the Deutsche Mark at par when introduced in 1998, then automatically inherited the euro peg of 1.95583 KM per euro when Germany adopted the single currency — a fixed rate the Central Bank of Bosnia and Herzegovina has maintained without a single devaluation. The currency board arrangement underpinning it strips the central bank of discretionary monetary policy almost entirely, which is precisely the point: the setup was mandated by the Dayton Agreement framework as a mechanism for building cross-entity confidence in a shared institution.
Oberthur's Chantepie facility produced the 2007–2008 emission of this denomination.