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50 Konvertibilnih Pfeniga
| Issuer | Centralna Banka Bosne i Hercegovine |
|---|---|
| Year | 1998 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | CENTRALNA BANKA BOSNE I HERCEGOVINE ЦЕНТРАЛНА БАНКА БОСНЕ И ХЕРЦЕГОВИНЕ 50 KONVERTIBILNIH PFENIGA КОНВЕРТИБИЛНИХ ПФЕНИГА PEDESET KONVERTIBILNIH PFENIGA ПЕДЕСЕТ КОНВЕРТИБИЛНИХ ПФЕНИГА SKENDER KULENOVIĆ 1910 - 1978 |
| Reverse description | Central vignette of the medieval tombstone fragment Stećak Zgošca, rendered in intaglio and enclosed within a large ornate guilloche rosette at centre. A vertical security band with lathe-work at left carries the denomination in both scripts, and a diamond-shaped security device is positioned at upper right. The issuing authority's name appears in Latin and Cyrillic scripts at top, with the numeral '50' at lower right. |
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| Comments |
The convertible marka system, of which this pfenig note is a fractional part, was introduced in 1998 under the Dayton Agreement's financial architecture — specifically designed to replace the three competing currencies then circulating in Bosnia: the Bosnian dinar, the Croatian kuna used in Herceg-Bosna, and the Yugoslav dinar in Republika Srpska. A single central bank with a strict currency board arrangement pegging the marka to the Deutschmark at 1:1 was the mechanism chosen to enforce monetary unity on a country that had just fought a war partly along those same territorial lines.
Oberthur Fiduciaire's Rennes facility handled the entire inaugural marka series. The pfenig denominations saw limited practical use almost immediately — inflation in the region had made small-denomination coinage and paper psychologically obsolete for most of the population.