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The residual KM 200 banknote and all of the coins are identical for both polities. The convertible mark (Bosnian: konvertibilna marka, Cyrillic: конвертибилна марка; sign: KM; code: BAM) is the currency of Bosnia and Herzegovina. It is divided into 100 Pfenig or Fening (Пфениг / Фенинг) and locally abbreviated KM. [1]
The remaining convertible mark of Bosnia and Herzegovina is a currency that officially replaced the German mark as de facto currency of the ruptured economy and hyper-inflation of local divided currencies after the Bosnian war, pegged to the German mark 1:1 at the time, and further pegged to Euro at the rate at which German mark was replaced, i ...
A currency symbol or currency sign is a graphic symbol used to denote a currency unit. Usually it is defined by a monetary authority, such as the national central bank for the currency concerned. A symbol may be positioned in various ways, according to national convention: before, between or after the numeric amounts: €2.50, 2,50€ and 2 50.
All values, unless otherwise stated, are in US dollars. The economy of the Socialist Federal Republic of Yugoslavia (SFRY) was a unique system of socialist self-management that operated from the end of World War II until the country's dissolution in the 1990s. The Yugoslav economy was characterized by a combination of market mechanisms and ...
1920–41: dinars of the Yugoslav Kingdom. [edit] Until 1918, the dinar was the currency of Serbia. It then became the currency of the Kingdom of Serbs, Croats and Slovenes, circulating alongside the krone in Croatia, Slovenia and Bosnia and Herzegovina, with 1 dinar = 4 kronen. The first coins and banknotes bearing the name of the Kingdom of ...
All values, unless otherwise stated, are in US dollars. The economy of Bosnia and Herzegovina is a transitional, upper middle income economy. [18] Bosnia and Herzegovina declared independence from socialist Yugoslavia on 1 March 1992. The main trading partners are Germany, Italy, Austria, Turkey and other neighboring Balkan countries.
History. The Republic of Bosnia and Herzegovina declared independence from SFR Yugoslavia in March 1992. [1] The first Bosnian dinar was issued in July 1992, replacing the 1990 version of the Yugoslav dinar at the rate of 1 Bosnia dinar = 10 Yugoslav. Consequently, the Bosnian dinar was at par with the 1992 version of the Yugoslav dinar when it ...
Daily inflation was 62%, with an inflation rate of 2.03% in 1 hour being higher than the annual inflation rate of many developed countries. The inflation rate in January 1994, converted to annual levels, reached 116,545,906,563,330 percent (116.546 trillion percent, or 1.16 × 10 14 percent). During this period of hyperinflation in FR ...