
File:Konvertibilne_marke_vertikalno.png · Wikimedia Commons · See Wikimedia Commons
The convertible mark is the official currency used in Bosnia and Herzegovina for buying and selling goods and services. It matters because it's essential for conducting everyday transactions and international trade in that country.
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Encyclopedic overview
The convertible mark (Bosnian; sign: KM; code: BAM) is the currency of Bosnia and Herzegovina. It is divided into 100 pfenig or fening and locally abbreviated KM. While the currency and its subunits are uniform for both constituent polities of Bosnia and Herzegovina, namely the Federation of Bosnia and Herzegovina (FBiH) and Republika Srpska (RS), the designs of the KM 10, KM 20, KM 50, and KM 100 banknotes are differentiated for each polity.
History
Excerpted from Wikipedia’s “convertible mark” article, available under the CC BY-SA 4.0 licence.
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