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20 Konvertibilnih Maraka
| Issuer | Central Bank of Bosnia and Herzegovina |
|---|---|
| Year | 2008 |
| Type | Standard circulation banknote |
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| Obverse description | Portrait vignette of Bosnian-Herzegovinian poet and writer Antun Branko Šimić (1898–1925) at right, set against a fine guilloche underprint in grey-blue tones with a diamond-pattern border. A large green holographic security disc occupies the left-centre field, with the numeral '20' in intaglio below it. The Governor's signature appears at lower left alongside the year '2008', with bilingual (Latin and Cyrillic) inscriptions running along the top and right margins. |
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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 then, automatically, to the Euro at the fixed rate of 1.95583 KM — a peg the Central Bank maintains without discretionary monetary policy, operating essentially as a currency board. That arrangement was a deliberate constraint imposed on a central bank that the international community did not yet trust to act independently.
The 2008 series represented a security upgrade over the first-generation notes, with Oberthur Fiduciaire — long active in francophone Africa and Eastern European markets — handling production at their Chantepie facility. The P#74 is the standard-issue denomination of this revision, not a commemorative or emergency print.