50 Konvertibilnih Pfeniga

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.