Regulatory Alerts2024-01-01
Decision on the Handling of Convertible Mark Banknotes and Coins Unfit for Circulation and Damaged Foreign Currency Banknotes
The Governing Board of the Central Bank of Bosnia and Herzegovina issued this Decision to establish the criteria and procedures for handling Convertible Mark (KM) banknotes and coins that are unfit for circulation, as well as damaged foreign currency banknotes. It mandates that commercial banks and the Central Bank exchange worn, damaged, or withdrawn KM currency in full value without fee, subject to specific authenticity and damage thresholds, while explicitly refusing exchange for damaged foreign currency. The regulation also outlines protocols for analyzing suspected intentional damage, handling makulature (printing defects), and requires applicants to provide detailed documentation and proof of origin for damaged items.
Share