Regulatory Alerts2025-12-09
Decision on Procedures and Methods for the Exchange of Withdrawn Convertible Mark Banknotes
The Central Bank of Bosnia and Herzegovina issued this Decision to establish the procedures and timelines for exchanging withdrawn convertible mark (KM) banknotes of denominations 10, 20, 50, and 100 issued between 1998 and 2009. Commercial banks are authorized to perform exchanges from January 1, 2025, to December 31, 2025, after which the Central Bank will handle exchanges until December 31, 2035, subject to strict identity verification and anti-money laundering requirements. The regulation mandates specific documentation, including source-of-funds declarations for larger amounts, and outlines protocols for handling suspicious or counterfeit notes and notifying investigative authorities.
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