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2 Konvertibilne Marke
| Issuer | Central Bank of Bosnia and Herzegovina |
|---|---|
| Year | 2000-2022 |
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| Composition | Log in to see details |
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| Engraver(s) | Michael Guilfoyle |
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| Obverse description | Within the copper-nickel centre, a dove of peace standing in right profile, holding an olive branch in its beak, is depicted in relief against a flat field, with the date to the right. The nickel brass outer ring bears the bilingual legend 'golub mira' in Latin script reading upward on the left and 'Голуб мира' in Cyrillic script reading downward on the right, separated by decorative triangular ornaments at the top and bottom of the ring. |
|---|---|
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| Edge | Alternately smooth and reeded (4 segments each) |
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| Additional information |
The Konvertibilna Marka was introduced in 1998 under the Dayton Agreement's financial architecture, pegged at parity to the Deutsche Mark — and, after 2002, to the euro at the fixed DEM/EUR conversion rate of 1.95583. The currency was deliberately designed to function without a functioning central government, with the issuing authority split between entity-level boards. That political compromise is baked into the coin's very existence.
Bosnia has never floated its currency. The peg holds by law, not by market confidence.