In Bosnia and Herzegovina, the national currency is the Convertible mark (Konvertibilna marka), short for KM or BAM. These names originated from the marks of German origin and Fening, to which the currency was originally pegged at a 1: 1 ratio. In two regions of the country - the Bosnian Federation and the Republika Srpska, there are completely different banknotes in circulation, with the exception of 200-mark denominations, produced in the same style, but with different designs. For this period, coins in denominations of 5, 10, 20, 50 fenings, 1, 2 and 5 marks are used in circulation. Fening coins were issued on December 9, 1998, except for 5 fenings, which were issued on January 5, 2006. During this period, banknotes in denominations of 10, 20, 50, 100 and 200 marks are used in circulation. Since March 31, 2003, banknotes with a denomination of 50 fenings have been withdrawn. From March 1, 2009, 1 mark was withdrawn from circulation and from March 31, 2010, 5 marks were withdrawn. All banknotes are printed in Paris, except for 200 stamps, they were printed in Vienna.
Currency exchange in Bosnia and Herzegovina
Banks are open on weekdays from 8.00 - 19.00. Currency exchange is most reliable at all official exchange offices, city banks and hotels. When exchanging currencies, it is recommended to keep all receipts, as they may be required when exchanging them back. The use of credit cards is very difficult; you can withdraw funds at the offices of central banks, at several post offices and hotels. You can pay with a card almost everywhere, but you can only use cards of MasterCard and Visa systems. It is possible to cash a check only at central office banks; the check validation procedure is extremely lengthy.
Importation of currency into Bosnia and Herzegovina
The import of currency into the country is unlimited, and the export of national currency is allowed in the amount of 200 VAM (102 Euro).
In the presence of gold jewelry and other precious metals (excluding the amount of personal jewelry), it will be necessary to draw up a customs declaration, which will need to be presented when exporting these products from the country.
What currency to take to Bosnia and Herzegovina
It is advised to take the euro currency with you, there are no restrictions on payment, this currency will be accepted from you without any problems. But dollars are not accepted everywhere, except for hotels, restaurants and shopping centers. Dollars should be exchanged for Bosnian marks.
In the city there will be no difficulties when withdrawing cash, ATMs are located in all shopping centers of the city.
