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20 Konvertibilnih Maraka
| Issuer | Central Bank of Bosnia and Herzegovina |
|---|---|
| Year | 2012-2024 |
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| Value | 20 Konvertibilnih Maraka |
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| Obverse description | Intaglio portrait of Bosnian-Herzegovinian poet and writer Antun Branko Šimić (1898–1925) at right, set within an elaborate guilloche underprint with geometric rosette patterns in olive and gold tones. The numeral '20' appears in large letterpress at lower centre, flanked by a vertical security thread at left and fine lathe-work vignettes across the face. Bilingual bank title in Latin and Cyrillic scripts runs along the top margin, with denomination inscriptions in both scripts below the central design. |
|---|---|
| Obverse lettering | CENTRALNA BANKA BOSNE I HERCEGOVINE ЦЕНТРАЛНА БАНКА БОСНЕ И ХЕРЦЕГОВИНЕ 20 KONVERTIBILNIH MARAKA КОНВЕРТИБИЛНИХ МАРАКА DVADESET KONVERTIBILNIH MARAKA ДВАДЕСЕТ КОНВЕРТИБИЛНИХ МАРАКА ANTUN BRANKO ŠIMIĆ 1898 – 1925 (Translation: CENTRAL BANK OF BOSNIA AND HERZEGOVINA 20 CONVERTIBLE MARKS TWENTY CONVERTIBLE MARKS ANTUN BRANKO ŠIMIĆ 1898 – 1925) |
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| Comments |
The convertible mark was introduced in 1998 as part of the Dayton Agreement's economic provisions, pegged at parity to the Deutsche mark and, after 2002, locked to the euro at 1.95583 KM — a rate the Central Bank is legally prohibited from changing. That hard peg is enforced without a traditional monetary policy toolkit; the currency board arrangement means the bank cannot extend credit to the government or the commercial banking sector, a structural constraint written directly into the 1997 Central Bank Law.
Oberthur Fiduciaire has held the printing contract for the KM series for many years, producing notes at their Chantepie facility outside Rennes.