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20 Konvertibilnih Maraka
| Issuer | Central Bank of Bosnia and Herzegovina |
|---|---|
| Year | 2012-2024 |
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| Size | 138 × 68 mm |
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| 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) |
| Reverse description | Central vignette of a carved medieval stećak (tombstone) from the Radimlja necropolis, rendered in intaglio within an ornate guilloche border of interlocking lathe-work patterns in brown and olive tones. The denomination numeral '20' appears at upper left and lower right, with the bilingual bank title in Latin and Cyrillic scripts along the top margin. The inscription 'STEĆAK RADIMILJA fragment' appears below the central stone-relief vignette. |
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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.