Catalog
5 Konvertibilnih Maraka
| Issuer | Central Bank of Bosnia and Herzegovina |
|---|---|
| Year | 2005-2022 |
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| Composition | Log in to see details |
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| Reference(s) | KM#120, Schön#126 |
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|---|---|
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| Obverse lettering | Bosna i Hercegovina 2005 Босна и Херцеговина |
| Reverse description | The nickel-brass centre displays the large bold numeral '5' prominently in the field, with the currency abbreviation 'KM' (Konvertibilna Marka) inscribed directly below in smaller characters. The copper-nickel outer ring carries the bilingual country name in both Latin and Cyrillic scripts, 'Bosna i Hercegovina' and 'Босна и Херцеговина', distributed around the periphery and separated by four small triangular ornamental devices. The denomination is rendered in a clean, modern typeface consistent with the coin's contemporary design aesthetic. |
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| Additional information |
The Convertible Mark was introduced in 1998 as part of the Dayton Agreement's economic provisions, pegged at exactly 1:1 with the Deutsche Mark and later, when Germany adopted the euro, re-pegged at 1.95583 KM to one euro — a rate it has held without adjustment ever since. The currency is jointly managed by the three constituent peoples of Bosnia and Herzegovina, a political arrangement that makes even routine central bank decisions subject to ethnic-bloc negotiation.
Bosnia has no independent monetary policy as a result. The fixed peg is maintained by a currency board structure that requires full foreign reserve backing for every mark in circulation.