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50 Konvertibilnih Maraka
| Issuer | Central Bank of Bosnia and Herzegovina |
|---|---|
| Year | 2007-2009 |
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| Value | 50 Konvertibilnih Maraka |
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| Composition | Log in to see details |
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| Obverse description | The obverse is printed in shades of pink and red on a fine guilloche underprint, with a vignette portrait of Bosnian poet Musa Ćazim Ćatić (1878–1915) in an oval frame at right, rendered in intaglio. The large numeral '50' appears in the lower centre, flanked by bilingual inscriptions in Latin and Cyrillic scripts. A diamond-shaped watermark window and a dark security element are visible at left. |
|---|---|
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| Reverse description | The reverse is printed in red tones over a complex guilloche rosette, with a central vignette reproducing a carved relief from the Zgošća tombstone (stećak), a medieval Bosnian funerary monument. The denomination numeral '50' appears in the lower right in red intaglio, and the bank name is inscribed at the top in both Latin and Cyrillic scripts. A diamond-shaped latent image element is visible at right. |
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| Comments |
The Konvertibilna Marka was introduced in 1998 under the Dayton Agreement's economic provisions, pegged first to the Deutschmark and then, automatically, to the Euro at the fixed rate of 1.95583 KM — a parity it has held without adjustment ever since. The currency is unusual in that it is jointly guaranteed by the IMF and administered by a currency board, meaning the Central Bank of Bosnia and Herzegovina legally cannot conduct monetary policy in the conventional sense; it can only issue notes backed by foreign exchange reserves.
Oberthur Fiduciaire has printed the entire KM series. The 2007–2009 dating reflects a reprint run rather than a redesign.