Bosnia and Herzegovina Convertible Mark

(redirected from Konvertibilna Marka)

Bosnia and Herzegovina Convertible Mark

The currency of Bosnia and Herzegovina. It was introduced in 1995 and replaced three different currencies. It was pegged to the German mark on a 1:1 ratio. When the euro replaced the German mark, the convertible mark changed the peg to 1 euro : 1.95583 convertible marks. This was the same ratio that the German mark had with the euro before its replacement.
References in periodicals archive ?
A central bank has been set up and a common currency, Konvertibilna Marka (fixed to the Euro), successfully launched.