The Bosnia and Herzegovina dinar was the independent currency of

Republic of Bosnia and Herzegovina The Republic of Bosnia and Herzegovina ( sh-Latn-Cyrl, separator=" / ", Republika Bosna i Hercegovina, Република Босна и Херцеговина) was a state in Southeastern Europe, existing from 1992 to 1995. It is the direct lega ...

between 1992 and 1998.

History

Bosnia and Herzegovina Bosnia and Herzegovina ( sh, / , ), abbreviated BiH () or B&H, sometimes called Bosnia–Herzegovina and often known informally as Bosnia, is a country at the crossroads of south and southeast Europe, located in the Balkans. Bosnia and H ...

declared independence from

Yugoslavia Yugoslavia (; sh-Latn-Cyrl, separator=" / ", Jugoslavija, Југославија ; sl, Jugoslavija ; mk, Југославија ;; rup, Iugoslavia; hu, Jugoszlávia; rue, label=Pannonian Rusyn, Югославия, translit=Juhoslavija ...

in March 1992. The first Bosnian dinar was issued in July 1992, replacing the 1990 version of the

Yugoslav dinar The dinar (Cyrillic script: динар) was the currency of the three Yugoslav states: the Kingdom of Yugoslavia (formerly the Kingdom of Serbs, Croats and Slovenes), the Socialist Federal Republic of Yugoslavia, and the Federal Republic of Yu ...

at the rate of 1 Bosnia dinar = 10 Yugoslav "1990 dinara". Consequently, the Bosnian dinar was at par with the 1992 version of the

when it was introduced. The first issues were overstamps on Yugoslav banknotes. After suffering from high inflation, a second dinar was introduced in 1994, replacing the first at a rate of 1 "new" dinar = 10,000 "old" dinara. Both these dinars were restricted in their circulation to the areas under Bosniak control. The Croat areas used the

Croatian dinar The dinar was the currency of Croatia between 23 December 1991 and 30 May 1994. The ISO 4217 code was . History The Croatian dinar replaced the 1990 version of the Yugoslav dinar at par. It was a transitional currency introduced following Croa ...

and kuna, whilst the Serb areas used the

Republika Srpska dinar The dinar was the currency of the Republika Srpska between 1992 and 1994, during and following the Bosnian War. There were two distinct currencies issued by the National Bank of the Republika Srpska. The first was introduced in 1992 in conjunction ...

. Along with the Croatian dinar and Yugoslav dinar, the Bosnia and Herzegovina dinar was unstable. The

convertible mark The convertible mark (Bosnian language, Bosanski: , Currency symbol, sign: KM; ISO 4217, code: BAM) is the currency of Bosnia and Herzegovina. It is divided into 100 or (/) and locally abbreviated ''KM''. While the currency and its subunits ar ...

replaced the dinar in 1998. As the name indicated, the mark was convertible into the

Deutsche Mark The Deutsche Mark (; English: ''German mark''), abbreviated "DM" or "D-Mark" (), was the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until the adoption of the euro in 2002. In English, it was ...

until the latter was replaced by the

euro The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...

References

Economy of Bosnia and Herzegovina History of the Federation of Bosnia and Herzegovina Currencies of Europe Modern obsolete currencies {{BosniaHerzegovina-hist-stub

History

See also

References