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2016-06-03

Decision on the Withdrawal from Circulation of 1 Convertible Mark Banknotes

The Central Bank of Bosnia and Herzegovina issued this decision to withdraw 1 Convertible Mark banknotes from circulation. Commercial banks are mandated to accept these notes for exchange between January 1, 2009, and March 31, 2009. The notes cease to be legal tender for settling obligations starting January 1, 2009, although they remain valid for payments until December 31, 2008.

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CENTRAL BANK OF BOSNIA AND HERZEGOVINA

Pursuant to Article 39 of the Law on the Central Bank of Bosnia and Herzegovina ("Official Gazette of BiH", nos. 1/97, 29/02, 13/03, 14/03, 9/05, 76/06 and 32/07), the Governing Board of the Central Bank of Bosnia and Herzegovina, at its 2nd meeting held on February 27, 2008, adopts

DECISION on the withdrawal from circulation of banknotes, denomination 1 Convertible Mark

  1. The Central Bank of Bosnia and Herzegovina (hereinafter: the Central Bank) withdraws from circulation banknotes of the denomination 1 Convertible Mark, which are in circulation as legal tender in accordance with the Decision on the Issuance and Introduction into Circulation of Convertible Mark Banknotes ("Official Gazette of BiH", no. 10/98).

  2. The withdrawal of banknotes from point 1 of this Decision shall be carried out by commercial banks starting from January 1, 2009, through March 31, 2009. The Central Bank shall receive the withdrawn banknotes from point 1 of this Decision from commercial banks via designated vaults.

  3. Holders of the banknotes from point 1 of this Decision may freely make payments with these banknotes in circulation through December 31, 2008.

  4. Starting from January 1, 2009, the banknotes from point 1 of this Decision cease to be legal tender and cannot be accepted in circulation for the settlement of any obligations.

  5. 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".

Governing Board No.: 310/08 Chairman February 27, 2008 Governing Board of the Sarajevo Central Bank of Bosnia and Herzegovina GOVERNOR mr Kemal Kozarić

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