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200 Konvertibilnih Maraka
| Issuer | Centralna Banka Bosne i Hercegovine (Central Bank of Bosnia and Herzegovina) |
|---|---|
| Year | 2002-2022 |
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| Composition | Cotton paper |
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|---|---|
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| Reverse description | Central vignette of the Mehmed-Paša-Sokolović bridge spanning the Drina river at Višegrad, rendered in intaglio in shades of blue-violet, with the bridge arches reflected in the water below. The coat of arms of Bosnia and Herzegovina appears at lower right within a colour-shifting security element, and the numeral 200 is printed in large format at lower right in deep red. Bank title inscriptions appear at the top in both Cyrillic and Latin scripts, with the denomination text repeated in both scripts along the lower margin. |
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| Protection type | Watermark, Security thread, Hologram |
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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 — by extension to the euro at the fixed rate of 1.95583 KM. That peg has held without interruption, making the BAM one of the most stable currencies in the Western Balkans, backed by a currency board arrangement that legally prohibits the Central Bank from extending credit to any level of government.
OeBS in Vienna has printed the entire convertible mark series. The 200 KM is the highest denomination in regular circulation, which in a currency board system carries particular weight — every note in existence must be covered by foreign reserve assets.