Regulatory Alerts2022-08-16
Decision on the Issuance of Convertible Mark Banknotes in the Denomination of 200 Convertible Marks
The Governing Board of the Central Bank of Bosnia and Herzegovina issued a decision on July 22, 2022, to put 200 Convertible Mark banknotes from the 2022 issue into circulation. The decision mandates that all public and private institutions and individuals must accept these banknotes as legal tender for all obligations throughout Bosnia and Herzegovina. The regulation entered into force eight days after its publication in the Official Gazette of Bosnia and Herzegovina and other official publications.
Based on Article 2, paragraph 3, point h., Article 7, point a), Articles 39 and 45 of the Law on the Central Bank of Bosnia and Herzegovina ("Official Gazette of BiH", nos. 1/97, 29/02, 8/03, 13/03, 14/03, 09/05, 76/06 and 32/07), the Governing Board of the Central Bank of Bosnia and Herzegovina, at its 8th meeting held on July 22, 2022, adopts the
DECISION on the issuance of convertible mark banknotes denomination of 200 convertible marks
Article 1. (Introductory Provisions) The Central Bank of Bosnia and Herzegovina has printed convertible mark banknotes (hereinafter: KM) in the denomination of 200 KM, issue of 2022.
Article 2. (Basic Features and Design of KM Banknotes) The KM banknotes referred to in Article 1 of this Decision have basic features and design as established in the Decision on the Issuance, Basic Features and Issuance into Circulation of the Convertible Mark Banknote in the Denomination of 200 KM ("Official Gazette of BiH", 11/02).
Article 3. (Year of Issue of KM Banknotes) The KM banknotes referred to in Article 1 of this Decision are printed with the year of issue "2022".
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 banknotes referred to in Article 1 of 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. (Issuance of KM Banknotes) Upon entry into force of this Decision, the Central Bank of Bosnia and Herzegovina will, through the Central Office, main units and branches, issue the banknotes from this Decision into circulation successively, in accordance with the inventory of banknote stocks and the plan for issuing banknotes 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", the "Official Gazette of the Republika Srpska" and the "Official Gazette of the Brčko District of BiH".
Number: UV-122-01-1-1508-6/22AJ Chairman Sarajevo, July 22, 2022 Governing Board of the Central Bank of Bosnia and Herzegovina
GOVERNOR Dr. Senad Softić