2022-11-30

Decision on the Issuance of Convertible Mark Coinage Denominations of 5, 10, 20, and 50 Fening and 1 Convertible Mark

The Governing Board of the Central Bank of Bosnia and Herzegovina issued a decision on April 28, 2021, to put into circulation new 2021-issued coinage denominations of 5, 10, 20, and 50 fening and 1 convertible mark. This regulation mandates that all public and private entities within Bosnia and Herzegovina must accept these coins as legal tender at their nominal value for cash transactions and debt settlement. The coins are to be introduced into circulation successively by the Central Bank based on inventory levels and an issuance plan, with the decision becoming effective eight days after its publication in official gazettes.

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CENTRAL BANK OF BOSNIA AND HERZEGOVINA

Pursuant to Article 2, paragraph (3), point h., Article 7, point a), Article 39, and Article 45 of the Law on the Central Bank of Bosnia and Herzegovina ("Official Gazette of BiH", nos. 1/97, 29/02, 13/03, 14/03, 09/05, 76/06, and 32/07),

The Governing Board of the Central Bank of Bosnia and Herzegovina, at its 7th meeting held on April 28, 2021, adopts the

DECISION

on the Issuance of Convertible Mark Coinage

Denominations of 5, 10, 20, and 50 Fening and 1 Convertible Mark

Article 1. (Introductory Provisions) The Central Bank of Bosnia and Herzegovina has minted Convertible Mark coinage (hereinafter: KM coinage) in denominations of 5, 10, 20, and 50 fening and 1 convertible mark, issue of 2021.

Article 2. (Basic Features and Design of KM Coinage) The KM coinage referred to in Article 1 of this Decision has basic features and design as determined in decisions, as follows: a) Decision on the Issuance, Basic Features, and Circulation of Coinage of 10, 20, and 50 Fening ("Official Gazette of BiH", nos. 24/98 and 25/98), b) Decision on the Issuance, Basic Features, and Circulation of Coinage of 1 and 2 Convertible Marks ("Official Gazette of BiH", no. 20/00), c) Decision on the Issuance, Basic Features, and Circulation of Coinage in Denominations of 5 Convertible Marks and 5 Fening ("Official Gazette of BiH", no. 92/05).

Article 3. (Year of Issue of KM Coinage) The KM coinage referred to in Article 1 of this Decision is minted with the year of issue "2021".

Article 4. (Legal Tender) In accordance with the Law on the Central Bank of Bosnia and Herzegovina, all public and private institutions and establishments, legal and natural persons are obliged to accept the KM coinage from this Decision at their nominal value as legal tender when offered in cash transactions, or in settlement and payment of any obligations towards them, throughout the territory of Bosnia and Herzegovina.

Article 5. (Circulation of KM Coinage) Upon entry into force of this Decision, the Central Bank of Bosnia and Herzegovina will, through the Central Office, main units, and branches, put the KM coinage from this Decision into circulation successively, in accordance with the inventory of KM coinage stocks and the plan for issuing KM coinage into circulation.

Article 6. (Entry into Force) This Decision shall enter into force on the eighth day from the date of publication in the "Official Gazette of BiH", and shall also be published in the "Official Gazette of the Federation of BiH", "Official Gazette of the Republika Srpska", and "Official Gazette of the Brčko District of BiH".

Number: UV-122-01-1-1045-5/21 AJ Sarajevo, April 28, 2021

Chairman of the Governing Board of the Central Bank of Bosnia and Herzegovina

GOVERNOR dr. Senad Softić