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Bosnia and Herzegovina convertible mark

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"КМ" (in Cyrillic script) redirects here. For other uses ofKM,seeKM(in Latin script).
Bosnia and Herzegovina
convertible mark
Konvertibilna marka(Serbo-Croatian,Latin)
Конвертибилна марка(Serbo-Croatian,Cyrillic)
Convertible marks coins and banknotes
Convertible marks coins and banknotes1
ISO 4217
CodeBAM (numeric:977)
Subunit0.01
Unit
PluralThe language(s) of this currency belong(s) to theSlavic languages.There is more than one way to construct plural forms.
SymbolKM‎
Denominations
Subunit
 1⁄100Fening
"Fening" is the official English language name of the subunit.
Symbol
 Feningpf
Banknotes
 Freq. usedKM 10, KM 20, KM 50, KM 100
 Rarely usedKM 200
Coins5, 10, 20, and 50 fenings;
KM 1, KM 2, KM 5
Demographics
Date of introduction22 June 1998[1]
User(s)Bosnia and Herzegovina
Issuance
Central bankCentral Bank of Bosnia and Herzegovina
 Websitewww.cbbh.ba
PrinterImprimerie Oberthur
(byFrançois-Charles Oberthür)
MintRoyal Mint,Llantrisant
Valuation
Inflation−0.9%
 SourceThe World Factbook,2014 est.
 MethodCPI
Pegged withEuro(€) = KM 1.95583
1Designs for KM 10, KM 20, KM 50, and KM 100 banknotes differ for the two constituent polities, the FBiH and RS, in some aspects, including images and order of scripts. The residual KM 200 banknote and all of the coins are identical for both polities.

Theconvertible mark(Bosnian:konvertibilna marka,Cyrillic:конвертибилна марка;sign:KM;code:BAM) is thecurrencyofBosnia and Herzegovina.It is divided into 100PfenigorFening(Пфениг/Фенинг) and locally abbreviatedKM.[1]While the currency and its subunits are uniform for both constituent polities of Bosnia and Herzegovina, namely theFederation of Bosnia and Herzegovina(FBiH) andRepublika Srpska(RS), the designs of the KM 10, KM 20, KM 50, and KM 100 banknotes are differentiated for each polity.

History

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Theconvertiblemark was established by the 1995Dayton Agreement.It replaced theBosnia and Herzegovina dinar,Croatian kunaandYugoslav novi dinaras the single currency of Bosnia and Herzegovina in 1998.Markrefers to theDeutsche Mark,the currency to which it waspeggedat par.[1]

Etymology

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The names derive fromGerman.The three official languages of Bosnia and Herzegovina, Bosnian, Serbian and Croatian, have adopted the German nounsMarkandPfennigas loanwordsmarkaandpfenig.The Official Gazette of BiH (Bosnian:Službeni glasnik BiH), Official newspaper of FBiH (Bosnian:Službene novine FBiH) and other official documents recognisedpfenigor пфениг[2](depending on the script; Serbian uses both Latin and Cyrillic equally, while Bosnian and Croatian uses only Latin) as the name of the subdivision. Most, however, consider the "pf" cluster in "pfenig" to be nigh unpronounceable, so the pronunciation was practically immediately reduced to "fenig", which eventually gave rise to the "fening" misspelling. Banknotes of 50 fenings circulated from 1998 to 2003.[1]They were denoted "50 KONVERTIBILNIH PFENIGA" / "50 КОНВЕРТИБИЛНИХ ПФЕНИГА"; technically, the wordconvertibleshould not qualify the wordpfenigbecause only the mark is convertible.[3](SeeErrorsfor all of the errors on banknotes and coins.)Coins of 10, 20, and 50 pfenigs have circulated since 1998[1](the 5-pfenigs coin was released in 2006).[1]All of them are inscribed "~ feninga"/"~ фенинга"on theobverse.The misspellingfening/фенингhas never been corrected, and it took such a hold that it was officially adopted and not recognised as incorrect.[1]Due to the overall confusion surrounding the foreign name of the currency, most people call the convertible mark simply "marka" ( "mark" ) while pfennigs are referred to as "kovanice" ( "nickels" ).

Plurals and cases

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Serbo-Croatianis subject to acase system.For the purposes of pluralizing currency terms, three situations are relevant:

  • In combination with numbers 1, 21, 31, 41, 51, 61, 71, 81, 101, 1001, et cetera (i. e. all numbers ending in "1" except 11), nouns use thenominativecasesingular(the base form):
màrka(màr:a– short vowel, rising tone)andpfénig/féning((p)fé:e– short vowel, rising tone)
  • In combination with numbers whose final digit is 2, 3, or 4 (except 12, 13, and 14), nouns use the genitive casesingular(the "paucalform "):
màrke(màr:a– short vowel, rising tone)andpféniga/féninga((p)fé:e– short vowel, rising tone)
  • In combination with numbers 0, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 100, 1000, 10000, et cetera (i. e. all numbers ending in 5, 6, 7, 8, 9, 0, 11, 12, 13, or 14), nouns use thegenitivecase plural:
mȁrākā(mȁr:a– short vowel, falling tone; vowelsāare not accented but have genitive length)andpfénīgā/fénīngā((p)fé:e– short vowel, rising tone; vowelsīandāare not accented but have genitive length)
(For further information on accents in BSC, seeSerbo-Croatian phonologyandShtokavian dialect#Accentuation.)

For the pfenig, the plural ispfeniga/feningawith a short unaccenteda,whereas the genitive plural is the samepfeniga/feningabut with a long unaccentedianda.A syllable after an accented syllable whose vowel is pronounced long and with a continuous tone, i. e. neither rising or falling, is said to have agenitive length(although the word does not necessarily have to be in the genitive case in order to have genitive length on its syllable; it can be in thelocativealso).

These matters should be noted when the local names are used in English. For example, the English plural "ten pfenigas" / "ten feningas" is incorrect because the finalain the BSC pluralpfeniga/feningaalready indicates the plural. Therefore "ten pfenigs" / "ten fenings" should be used. TheCentral Bank of Bosnia and Herzegovina(CBBH) uses "fenings" as the English plural.[1]Likewise, "twenty-one markas", "two markes", and "twelve marakas" are incorrect; "twenty-one marks", "two marks", and "twelve marks", respectively, are correct.

Coins

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In December 1998, coins were introduced in denominations of 10, 20 and 50 fenings.[1]Coins of 5 fenings, KM 1, KM 2 and KM 5 were introduced later.[1]The coins were designed by Bosnian designerKenan Zekić[4]and minted at theRoyal MintinLlantrisant(Wales,UK).[1]

Coins of the convertible mark (1998–present)[1]
Image
OR		 Value Technical parameters Description Date of
Diameter Mass Composition Edge Obverse Reverse minting issue withdrawal lapse
OR 5 fenings 18.00 mm 2.66 g nickel-plated steel reeded Map ofBosnia and Herzegovina,country name, denomination Flag of Bosnia and Herzegovina,country name, year 2005–present 5 January 2006 Current
OR 10 fenings 20.00 mm 3.90 g copper-plated steel plain Map of Bosnia and Herzegovina, country name, denomination Flag of Bosnia and Herzegovina, country name, year 1998–present 9 December 1998 Current
OR 20 fenings 22.00 mm 4.50 g reeded 1998–present
OR 50 fenings 24.00 mm 5.15 g 1998–present
OR 1 mark  23.25 mm 4.95 g nickel-plated steel milled and smooth Denomination, country name, indented and inverted triangles* Coat of arms of Bosnia and Herzegovina 2000–present 31 July 2000 Current
OR 2 marks 25.75 mm 6.90 g cupro-nickel (inner ring);
golden 5.5%;
nickel-brass combination (outer ring) 		Peace dove 2000–present
OR 5 marks 30.00 mm 10.35 g nickel-brass (inner ring);
copper-nickel (outer ring) 		milled 2005–present 5 January 2006
These images are to scale at 2.5 pixels per millimetre. For table standards, see thecoin specification table.
  • The triangles are intended for the visually impaired.

Banknotes

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In 1998, notes were introduced in denominations of 50 fenings, KM 1, KM 5, KM 10, KM 20, KM 50, and KM 100. KM 200 notes were added in 2002, while the 50-fening and KM 1 and KM 5 notes were later withdrawn from circulation. All current notes are valid throughout the nation.[1]

The Central Bank of Bosnia Herzegovina issues the banknotes, with distinct designs for the constituent polities of theFederation of Bosnia and Herzegovinaand theRepublika Srpska,1except for the largest denomination, i. e. the KM 200 note. The banknotes are legal tender throughout the country.[1]On the notes for the Republika Srpska, inscriptions are printed first in Cyrillic and then Latin script, and vice versa. Banknotes, with the exception of the KM 200 note, are printed by the French companyOberthur.[1][5]

Federation of Bosnia and Herzegovina issues

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Banknotes of the convertible mark for FBiH (1998–present)[1]
Image
OR		 Value Technical parameters Description Date of
Dimensions Watermark Obverse Reverse printing issue withdrawal lapse
OR 50 fenings 120 mm × 60 mm Central Bank monogram repeated vertically Skender Kulenović Stećak Zgošca fragment No date
(1998) 		22 June 1998 1 January 2003[6] 1 April 2018[7]
OR 1 mark  120 mm × 60 mm Ivan Franjo Jukić Stećak Stolac fragment 1 January 2009[8]
OR 5 marks 122 mm × 62 mm Meša Selimović Trees No date
(1998) 		1 January 2010[9] 1 April 2018[7]
OR 10 marks 130 mm × 65 mm Mehmedalija Mak Dizdar Stećak Križevići fragment (until 2017 print, wrongly named as "Stećak Radimlja", corrected in 2019 print)[10][11] No date
(1998)
(2008)
(2012)
(2017)
(2019) 		22 June 1998
4 November 2008
1 June 2012
14 April 2017 		Current
OR 20 marks 138 mm × 68 mm Antun Branko Šimić StećakRadimljafragment No date
(1998)
(2008)
(2012)
(2019)
OR 50 marks 146 mm × 71 mm Musa Ćazim Ćatić Stone relief No date
(1998)
(2002)
(2007)
(2008)
(2009)
(2012)
(2017)
(2019)
22 June 1998
No date(2002)
1 March 2007
No date(2008)
14 December 2009
1 June 2012
OR 100 marks 154 mm × 74 mm Nikola Šop Stećak Zgošca fragment No date
(1998)
(2002)
(2007)
(2008)
(2012)
(2017)
(2019)
27 July 1998
No date(2002)
1 March 2007
No date(2008)
1 June 2012
These images are to scale at 0.7 pixel per millimetre. For table standards, see thebanknote specification table.

Republika Srpska issues

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Banknotes of the convertible mark for RS (1998–present)[1]
Image
OR		 Value Technical parameters Description Date of
Dimensions Watermark Obverse Reverse printing issue withdrawal lapse
OR 50 fenings 120 mm × 60 mm Central Bank monogram repeated vertically Branko Ćopić House and books No date
(1998) 		22 June 1998 1 January 2003[6] 1 April 2018[7]
OR 1 mark  120 mm × 60 mm Ivo Andrić The Bridge on the Drina 15 July 1998[a][12]
OR [b]5 marks 122 mm × 62 mm Meša Selimović Trees No date
(1998) 		1 January 2010[9] 1 April 2018[7]
OR 10 marks 130 mm × 65 mm Aleksa Šantić Loaf of bread No date
(1998)
(2008)
(2012)
(2017)
(2019)
22 June 1998
4 November 2008
1 June 2012 		Current
OR 20 marks 138 mm × 68 mm Filip Višnjić Gusle(musical instrument) No date
(1998)
(2008)
(2012)
(2019)
OR 50 marks 146 mm × 71 mm Jovan Dučić pen, eyeglasses and book No date
(1998)
(2002)
(2007)
(2008)
(2009)
(2012)
(2017)
(2019)
22 June 1998
No date(2002)
1 March 2007
No date(2008)
14 December 2009
1 June 2012
OR 100 marks 154 mm × 74 mm Petar Kočić pen, eyeglasses and book No date
(1998)
(2002)
(2007)
(2008)
(2012)
(2017)
(2019)
27 July 1998
No date(2002)
1 March 2007
No date(2008)
1 June 2012
These images are to scale at 0.7 pixel per millimetre. For table standards, see thebanknote specification table.

Nationwide issues

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The portraits ofIvan Franjo JukićandMeša Selimović,which are both writers, were featured by consensus between both entities on all KM 1 and KM 5 notes used between 1998 and 2010.[1]

On 15 May 2002, a KM 200 banknote, designed byRobert Kalina,was introduced during a promotion that was held in the Central Bank of BH. The reverse design which depicts a bridge is meant to resemble the euro banknotes, which were also designed by Robert Kalina. After an international tender, the Austrian company Oesterreichische Banknoten und Sicherheitsdruck GmbH (OeBS) inViennawas chosen to print the notes. Initially, six million were ordered.[13]

Banknotes of the convertible mark for both entities (2002–present)[1]
Image
OR		 Value Technical parameters Description Date of
Dimensions Watermark Obverse Reverse printing issue withdrawal lapse
OR 200 marks 156 mm × 76 mm Image of the Bridge on River Drina[13] Ivo Andrić The Bridge on the Drina No date
(2002)
17 August 2022
15 May 2002 		Current
These images are to scale at 0.7 pixel per millimetre. For table standards, see thebanknote specification table.

Exchange rates

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Initially the mark was pegged to theDeutsche Markat par.[1]Since the replacement of the German mark by theeuroin 2002, the Bosnian convertible mark uses the samefixed exchange rateto euro that the German mark had (that is,1EUR= 1.95583BAM).[1]

Current BAM exchange rates
FromGoogle Finance: AUDCADCHFCNYEURGBPHKDJPYUSDTRY
FromYahoo! Finance: AUDCADCHFCNYEURGBPHKDJPYUSDTRY
FromXE: AUDCADCHFCNYEURGBPHKDJPYUSDTRY
From OANDA: AUDCADCHFCNYEURGBPHKDJPYUSDTRY

Errors

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Detail on KM 1 banknote forRepublika Srpskawith misspelled name ofIvo Andrićwritten in Cyrillic as "ИВО АНДРИЂ / IVO ANDRIĐ" instead of "ИВО АНДРИЋ / IVO ANDRIĆ"

Banknotes and coins of Bosnia and Herzegovina have many mistakes and inconsistencies.[1]

Officially, only one banknote has not been released in circulation because of a mistake, even though other banknotes with mistakes had been issued.[1]

Banknote examples

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These are the most important mistakes that have been noticed to date:

  • Both designs of the 50 fening banknote imprinted the adjective "convertible" next to the noun "pfenig", although only the mark has the "convertible" prefix ( "50KONVERTIBILNIHPFENIGA "/" 50КОНВЕРТИБИЛНИХПФЕНИГА ").[3]
  • The KM 1 banknote forRepublika Srpskawas imprinted "ИВО АНДРИЂ/ IVO ANDRIĐ"instead of" ИВО АНДРИЋ/ IVO ANDRIĆ".This banknote was immediately removed from circulation.[a]
  • Both designs of the KM 5 banknote had the Cyrillic word "five" incorrectly printed in Latin script on its reverse ( "PET КОНВЕРТИБИЛНИХ МАРАКА ", instead of" ПЕТ... "). Also, Meša Selimović's name is written in Cyrillic as" Меща Селимовић "instead of" Meша Селимовић "(the letterщis not even used in any of the official languages of Bosnia and Herzegovina).
  • The KM 10 banknote forRepublika Srpska,first series, 1998, hadAleksa Šantić's name printed in Latin script although it should have been printed in Cyrillic script as it is on all other examples of the 1998 series.
  • Both designs of the KM 100 banknote[which?]were incorrectly printed with the Cyrillic abbreviation of the Central Bank of Bosnia and Herzegovina with "Џ / Dž" instead of "Ц / C" (i. e. "ЏББХ /DžBBH "instead of"ЦББХ /CBBH ") in the safety bar.
  • In 2017, Edin Bujak of the Department of Archaeology of the Faculty of Philosophy inSarajevonoticed a mistake on the KM 10 banknote for the Federation of B&H. The picture of thestećakon the reverse is actually a picture of a stećak from Križevići, Olovo and not from theRadimljanecropolis as stated on the banknote. The Central Bank of Bosnia and Herzegovina confirmed this mistake, and it will be corrected in future printing of the banknote.[14]

Coin examples

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  • The name of the subdivision of the convertible mark has been incorrectly engraved on coins: the word "pfenig" has been engraved as "fening". This mistake has taken such a hold, especially because there were and are no 50 pfenig/fening banknotes in circulation, that "fening" was officially adopted as the name of the hundredth unit of the KM and is not recognized as incorrect.[1]

See also

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Notes

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  1. ^This Republika Srpska issue of KM 1 was immediately removed from circulation because of a typo. Instead of "Иво Андрић" it was written "Иво Андриђ". The decision not to release into the circulation the banknote in denominations of 1 convertible mark was published in Official Gazette of BiH (No 13/98).
  2. ^This Republika Srpska issue of KM 5 is same as the one for FBiH but for RS issue denominations are written in Cyrillic script first and then in Latin (for FBiH issue vice versa).

References

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  1. ^abcdefghijklmnopqrstuvwx"BH Currency – KM Banknotes and Coins".cbbh.ba.Sarajevo: Central Bank of Bosnia and Herzegovina. p. 1. Archived fromthe originalon 22 December 2015.Retrieved20 December2015.Feningdetails: | Mint: Royal Mint, Llantrisant | Released into Circulation: December 9th, 1998, with the exception of the 5 fening coin which is in circulation from January 5, 2006. | Face: Map of BH with overlay of denomination | Reverse: Flag of BH | The Words: "Bosna i Hercegovina" and "Fening" are on the face and reverse edges in both Latin and Cyrillic script. The date of production is on the reverse side on the left from the BH flag. | 10, 20 and 50 fening coins are made of copper-plated steel, while 5 fening coin is made of nickel-plated steel.
  2. ^Mulaomerović, Jasminko (2004)."Novi numizmatičar"[New numismatist] (in Bosnian).2(5) (3 (8) ed.). Sarajevo: Numizmatičko društvo – Sarajevo: 20–21.Retrieved20 December2015– via Scribd.Mi, u našoj veseloj zemlji, imamo konvertibilnu marku kao novčanu jedinicu. Marka ima svoj najsitniji dio koji se zovepfenig.Tako kažeSlužbeni glasnik BiH,a Službeni glasnik – to ti je zakon. Ko misli da to i nije baš zakon, jer se tu objavljuju stvari koje se tiču vesele zemlje Bosne i Hercegovine, tu su iSlužbene novine Federacije BiHkoje to potvrđuju, i to na sva tri jezika i u dva pisma. (...) Međutim, imamo mi i kovanice. Iako su i one dijelovi marke, samo odmetala, one se kod nas drugačije zovu –fening.Tako na kovanicama možemo pročitati 10 feninga, 20 feninga i 50 feninga.{{cite journal}}:Cite journal requires|journal=(help)
  3. ^abMulaomerović, Jasminko (2004)."Novi numizmatičar"[New numismatist] (in Bosnian).2(5) (3 (8) ed.). Sarajevo: Numizmatičko društvo – Sarajevo: 20–21.Retrieved20 December2015– via Scribd.... i u dva pisma. Da je to tako vidi se na novčanicama od 50 KONVERTIBILNIH PFENIGA, i onim sa Skenderom Kulenovićem i onim sa Brankom Ćopićem. Doduše, „Službeni(e)... "i stvarne novčanice se malo razilaze u detaljima pa tako u Službeni(e)... imamo „konvertibilnu marku, apoen od 50 pfeniga", a na novčanicama „50 KONVERTIBILNIH PFENIGA ". Dakle, prema Službeni(e)... marka jeste konvertibilna, ali pfenig nije, dok je prema novčanici i PFENIG konvertibilan. Ima tu još malo nejasnoća oko velikog i malog slova u riječi „pfenig", ali kao da je to, uostalom, i važno, i ko će sve to, bogati, gledati!?{{cite journal}}:Cite journal requires|journal=(help)
  4. ^Website of Kenan Zekić. Available at:http://kenanzekic.ba/Archived2014-12-18 at theWayback Machine
  5. ^Mulic, Josef (2000).Papirini novac na tlu Bosne i Hercegovine od 1918. godine do danas
  6. ^ab"CBBH".Cbbh.ba.Archived fromthe originalon 2014-02-22.Retrieved3 May2016.
  7. ^abcd"CBBH".Archived fromthe originalon 2015-12-22.Retrieved2014-02-09.
  8. ^"CBBH".Archived fromthe originalon 2014-02-22.Retrieved2014-02-09.
  9. ^ab"CBBH".Cbbh.ba.Archived fromthe originalon 2016-03-14.Retrieved3 May2016.
  10. ^"Novčanice KM".cbbh.ba.Retrieved16 July2020.
  11. ^H, S. (10 November 2017)."Na novčanici od 10 KM nije stećak iz Radimlje, greška će biti ispravljena".Radio Sarajevo.
  12. ^The decision not to release into the circulation the banknote in denominations of 1 convertible mark (Official Gazette of BiH (No 13/98))
  13. ^ab"CBBH".Cbbh.ba.Archived fromthe originalon 2014-02-22.Retrieved3 May2016.
  14. ^"Na novčanici od 10 KM nije stećak iz Radimlje, greška će biti ispravljena".Radiosarajevo.ba.10 November 2017.Retrieved4 January2018.
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