Regulatory Alerts2017-04-12
Decision on the Issuance of Convertible Mark Banknotes in Denominations of 10, 50, and 100 Convertible Marks
The Governing Board of the Central Bank of Bosnia and Herzegovina issued this decision on March 29, 2017, to authorize the circulation of 2017-issue banknotes in denominations of 10, 50, and 100 Convertible Marks. The decision mandates that both the Federation of Bosnia and Herzegovina and Republika Srpska versions of these notes are legal tender and must be accepted by all public and private entities throughout the country. The Central Bank will introduce these banknotes into circulation successively through its central office, main units, and branches in accordance with inventory levels and the issuance plan.
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" No.: 1/97, 29/02, 13/03, 14/03, 09/05, 76/06, and 32/07), in accordance with the Policy on the Production of Convertible Mark Banknotes and Coins, POV. 100-UV No.: 107/12 dated November 1, 2012, POV. UV-122-01-1-21/15 RJ dated March 31, 2015, UV-122-01-1123/15 SD dated November 23, 2015, and UV-122-01-1-43/16 SD dated June 23, 2016, and the Decision on the Plan for the Issuance of Convertible Mark Banknotes in Denominations of 10, 50, and 100 Convertible Marks, UV-122-01-1-35/17 LjJ dated March 29, 2017, the Governing Board of the Central Bank of Bosnia and Herzegovina, at its 6th session held on March 29, 2017, adopts
DECISION on the Issuance of Convertible Mark Banknotes in Denominations of 10, 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, 50, and 100 KM, 2017 issue, in the version of the Federation of Bosnia and Herzegovina and the version of the Republika Srpska, in accordance with the Decision of the Central Bank of Bosnia and Herzegovina, UV-122-01-1-29/16 AS dated March 31, 2016.
Article 2. The KM banknotes referred to in Article 1 of this Decision have basic features and design as fully determined 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 referred to in Article 1 of this Decision are printed with the issue year "2017".
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 territory of Bosnia and Herzegovina.
Article 5. Upon the entry into force of this Decision, the Central Bank of Bosnia and Herzegovina will, through the Central Office, main units, and branches, put the banknotes from this Decision into circulation successively, in accordance with the inventory of banknote stocks and the plan for the issuance of banknotes into circulation.
Article 6. This Decision shall enter into force on the day of its publication in the "Official Gazette of BiH", and shall 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".
No.: UV-122-01-1-36/17 LjJ March 29, 2017 Sarajevo
Chairman of the Governing Board of the Central Bank of Bosnia and Herzegovina
GOVERNOR dr. Senad Softić