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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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Value 200 Konvertibilnih Maraka
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Protection type Watermark, Security thread, Hologram
Protection description Ivo Andrić portrait visible when held to light; embedded security thread running vertically through the note; holographic colour-shifting element incorporating the coat of arms on the reverse.
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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.