Catalog
20 Konvertibilnih Maraka
| Issuer | Central Bank of Bosnia and Herzegovina |
|---|---|
| Year | 1998 |
| Type | Standard circulation banknote |
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| Reverse description | Central guilloche rosette vignette enclosing an intaglio-printed gusle — the traditional single-stringed bowed instrument associated with South Slavic oral epic poetry — set against a finely worked geometric underprint in brown tones. The bilingual bank title runs across the top in Cyrillic and Latin script, with the denomination numeral '20' at lower right. A diamond-shaped registration device appears at upper right. |
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| Protection type | Watermark, Security thread |
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| Comments |
The Konvertibilna Marka was introduced in June 1998, replacing the Bosnian Dinar at par and pegged to the Deutschmark at exactly 1:1 — a rate fixed by the Dayton Agreement's monetary architecture to prevent either entity from manipulating exchange conditions against the other. The currency itself was a political instrument as much as an economic one, designed to function across the Federation of Bosnia and Herzegovina and Republika Srpska without privileging either.
Oberthur's Rennes facility produced the early KM series to a competent but unremarkable security specification. When Germany adopted the Euro in 2002, the peg transferred automatically to the Euro at the inherited conversion rate of 1.95583 KM — a figure still in force today.