# convertible mark

> currency of Bosnia and Herzegovina

**Wikidata**: [Q179620](https://www.wikidata.org/wiki/Q179620)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Bosnia_and_Herzegovina_convertible_mark)  
**Source**: https://4ort.xyz/entity/convertible-mark

## Summary
The convertible mark is the official currency of Bosnia and Herzegovina, introduced on June 22, 1998, to replace the Bosnia and Herzegovina dinar. It serves as a stable medium of exchange within the country, which includes two major political-administrative entities: the Federation of Bosnia and Herzegovina and Republika Srpska.

## Key Facts
- **Official currency**: The convertible mark is the national currency of Bosnia and Herzegovina.
- **Introduction date**: It was established on **June 22, 1998**, replacing the Bosnia and Herzegovina dinar (used from 1991–1998).
- **Subdivisions**: The currency is divided into smaller units, though the exact subdivision is not specified in the source material.
- **Related entities**:
  - **Bosnia and Herzegovina**: The sovereign country where the convertible mark is used, founded on **March 1, 1992**.
  - **Federation of Bosnia and Herzegovina**: A political entity within Bosnia and Herzegovina, established on **March 18, 1994**.
  - **Republika Srpska**: Another political-administrative entity within Bosnia and Herzegovina, founded on **January 9, 1992**.
- **Predecessor currency**: The Bosnia and Herzegovina dinar, which was in circulation from **1991 to 1998**.
- **Website**: The Central Bank of Bosnia and Herzegovina oversees the currency, with its official site at [http://www.cbbh.ba](http://www.cbbh.ba).
- **Aliases**: Also referred to simply as the "mark," a term historically used for currencies in other nations.
- **Wikidata presence**: The currency has **60 sitelinks** and is classified under "currency of Bosnia and Herzegovina."

## FAQs

### **What is the convertible mark?**
The convertible mark is the official currency of Bosnia and Herzegovina, introduced in **1998** to replace the Bosnia and Herzegovina dinar. It functions as the primary medium of exchange in the country.

### **When was the convertible mark introduced?**
The convertible mark was introduced on **June 22, 1998**, following the dissolution of the Bosnia and Herzegovina dinar, which had been in use since **1991**.

### **What political entities use the convertible mark?**
The currency is used across Bosnia and Herzegovina, including its two main political-administrative entities: the **Federation of Bosnia and Herzegovina** (established **1994**) and **Republika Srpska** (established **1992**).

### **What currency did the convertible mark replace?**
It replaced the **Bosnia and Herzegovina dinar**, which was the country’s currency from **1991 to 1998**.

### **Where can I find official information about the convertible mark?**
The Central Bank of Bosnia and Herzegovina ([http://www.cbbh.ba](http://www.cbbh.ba)) is the authoritative source for information on the currency.

## Why It Matters
The convertible mark plays a crucial role in Bosnia and Herzegovina’s economic stability, particularly in the post-war period following the **1992–1995 Bosnian War**. As the country’s official currency, it facilitates trade, investment, and financial transactions across its two major political entities—**Republika Srpska** and the **Federation of Bosnia and Herzegovina**—helping to unify a politically divided nation under a single monetary system. Its introduction in **1998** marked a shift from the unstable dinar, contributing to greater economic confidence and integration with international financial systems.

## Notable For
- **Post-war monetary stability**: The convertible mark was introduced to stabilize Bosnia and Herzegovina’s economy after the **1992–1995 war**.
- **Unifying currency**: It serves as a single currency across two distinct political entities within Bosnia and Herzegovina.
- **Replacement of the dinar**: It succeeded the **Bosnia and Herzegovina dinar**, which was prone to hyperinflation and instability.
- **Central Bank oversight**: Managed by the **Central Bank of Bosnia and Herzegovina**, ensuring regulatory control.

## Body

### **Introduction and Historical Context**
The **convertible mark** is the official currency of **Bosnia and Herzegovina**, a country in **Southeast Europe** that gained independence on **March 1, 1992**, following the dissolution of the **Socialist Federal Republic of Yugoslavia**. The currency was introduced on **June 22, 1998**, replacing the **Bosnia and Herzegovina dinar**, which had been in circulation since **1991** but suffered from economic instability during and after the **Bosnian War (1992–1995)**.

### **Political and Administrative Framework**
Bosnia and Herzegovina is divided into two primary political-administrative entities:
- **Republika Srpska**: Established on **January 9, 1992**, it is one of the two entities that make up the country.
- **Federation of Bosnia and Herzegovina**: Created on **March 18, 1994**, it is the other major entity, comprising a federation of Bosnian and Croatian-majority regions.

Both entities use the **convertible mark** as their official currency, ensuring monetary unity despite political divisions.

### **Predecessor Currency: The Bosnia and Herzegovina Dinar**
Before the convertible mark, Bosnia and Herzegovina used the **Bosnia and Herzegovina dinar (1991–1998)**. This currency was introduced during the country’s early independence but faced severe economic challenges, including hyperinflation, due to the war and post-war instability. The shift to the convertible mark in **1998** was a critical step in stabilizing the economy.

### **Regulatory Oversight**
The **Central Bank of Bosnia and Herzegovina** is the institution responsible for issuing and regulating the convertible mark. Its official website ([http://www.cbbh.ba](http://www.cbbh.ba)) provides updates on monetary policy, exchange rates, and financial regulations.

### **Classification and Terminology**
The convertible mark is classified as a **currency** and is also referred to simply as the **"mark"**, a term historically used for currencies in other nations (e.g., the German mark). Its introduction was part of broader efforts to align Bosnia and Herzegovina’s economy with international standards.

### **International Recognition and Usage**
While the convertible mark is primarily used within Bosnia and Herzegovina, its stability has helped facilitate trade and investment with neighboring countries and the broader European market. The currency’s name reflects its **convertibility**, meaning it can be exchanged for other major currencies at stable rates.

### **Related Historical Context**
Bosnia and Herzegovina’s monetary history is tied to its complex political past, having been part of:
- The **Ottoman Empire** (until **1878**)
- **Austria-Hungary** (**1878–1918**)
- The **Kingdom of Serbs, Croats, and Slovenes** (**1918–1929**)
- The **Kingdom of Yugoslavia** (**1929–1941**)
- The **Independent State of Croatia** (**1941–1945**)
- The **Socialist Federal Republic of Yugoslavia** (**1943–1992**)

The convertible mark represents the country’s modern monetary independence following these historical transitions.

## References

1. Freebase Data Dumps. 2013
2. FactGrid