Currency Information on Bosnian Mark BAM — Bosnia and Herzegovina konvertibilna marka – KM
“Konvertibilna marka” translates into convertible mark, a reference to the German mark, to which the maraka was pegged when it was first released, at a ratio of 1:1. Since the German mark was replaced by the Euro in 2002, the marka now has the same fixed exchange rate to the Euro as the German mark does.
Maraka are divisible into 100 fenings, or feninga. Maraka currency is available in the coin denominations of 5, 10, 20 and 50 feninga and 1, 2, 5, maraka, with banknotes available in 10, 20, 50, 100 and 20 maraka.
We are an international business and work with companies around the world, especially California in the US and Australia. Our providers are based in different countries so we need to be constantly up to date about the current foreign exchange rates. Otherwise, we would be wasting money during the currency transfer process and obviously this is not what a business wants.
Comment written by Victoria Brown Wine Industry.
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