Regulatory Alerts2016-06-03
Decision on the Issuance of Convertible Mark Banknotes in Denominations of 10, 20, 50, and 100
The Central Bank of Bosnia and Herzegovina issued a decision on April 26, 2012, to introduce new 10, 20, 50, and 100 Convertible Mark banknotes featuring a 2012 issue year. These banknotes, available in both Federation of Bosnia and Herzegovina and Republika Srpska versions, are designated as legal tender and must be accepted by all public and private entities throughout the country. The Central Bank began issuing these notes successively starting June 1, 2012, while previously issued banknotes under the 1998 decision remain valid legal tender.
CENTRAL BANK OF BOSNIA AND HERZEGOVINA
Pursuant to Article 2, paragraph 3, item h, Article 7, item e, Article 39, and Article 42 of the Law on the Central Bank of Bosnia and Herzegovina ("Official Gazette of BiH" numbers: 1/97, 29/02, 13/03, 14/03, 09/05, 76/06, and 32/07), in accordance with the Cash Production Policy for the Convertible Mark 100-UV number: 78/10 dated May 26, 2010, the Governing Board of the Central Bank of Bosnia and Herzegovina, at its 4th session held on April 26, 2012, adopts
DECISION on the Issuance of Convertible Mark Banknotes in Denominations of 10, 20, 50, and 100 Convertible Marks
Article 1. The Central Bank of Bosnia and Herzegovina has printed Convertible Mark banknotes (hereinafter: KM) in denominations of 10 KM, 20 KM, 50 KM, and 100 KM, in accordance with the Decision of the Central Bank of Bosnia and Herzegovina, 100-UV number: 140/11 dated April 27, 2011.
Article 2. The KM banknotes referred to in Article 1 of this Decision have basic features and design as fully established by the Decision on the Basic Features and Design of Convertible Mark Banknotes in Denominations of 10, 20, 50, and 100 Convertible Marks ("Official Gazette of BiH", 22/11).
Article 3. The KM banknotes from the preceding article of this Decision were printed with the issue year "2012", in the version of the Federation of Bosnia and Herzegovina and the version of the Republika Srpska.
Article 4. Both versions of the KM banknotes from this Decision are, under the Law on the Central Bank of Bosnia and Herzegovina, equal in status, and all public and private institutions and establishments, legal and natural persons are obliged to accept them at their nominal value as legal tender when offered in cash transactions, or in settlement and payment of any obligations towards them, throughout the entire territory of Bosnia and Herzegovina.
Article 5. Starting from June 1, 2012, the Central Bank of Bosnia and Herzegovina will, through the Central Office, main units, and branches, issue the banknotes from this Decision successively, in accordance with the inventory of banknote stocks and the plan for issuing banknotes into circulation.
Article 6. KM banknotes in circulation whose basic features and design were established by the Decision on the Issuance and Circulation of Convertible Mark Banknotes ("Official Gazette of BiH", 10/98) continue to represent legal tender in Bosnia and Herzegovina.
Article 7. This Decision enters into force on the day of its publication in the "Official Gazette of BiH", and it will also be published in the "Official Gazette of the Federation of BiH", the "Official Gazette of the Republika Srpska", and the "Official Gazette of the Brčko District of BiH".
100-UV number: 52/12 Chairman April 26, 2012 Governing Board of the Sarajevo Central Bank of Bosnia and Herzegovina GOVERNOR dr. Kemal Kozarić