Regulatory Alerts2020-04-01
Decision on the Issuance of 2 Convertible Marks Coinage
The Governing Board of the Central Bank of Bosnia and Herzegovina issued a decision on March 20, 2020, to put 2 Convertible Marks coins minted in 2019 into circulation. The decision mandates that all public and private entities within Bosnia and Herzegovina must accept these coins as legal tender for cash transactions and debt settlement. The coins will be distributed successively through the Central Bank's offices in accordance with the issuance plan, with the decision entering into force eight days after publication in official gazettes.
CENTRAL BANK OF BOSNIA AND HERZEGOVINA
Pursuant to Article 2, paragraph 3, item h, Article 7, item a, Article 39, and Article 45 of the Law on the Central Bank of Bosnia and Herzegovina ("Official Gazette of BiH", nos. 1/97, 29/02, 13/03, 14/03, 09/05, 76/06, and 32/07), the Governing Board of the Central Bank of Bosnia and Herzegovina, at its 3rd meeting held on March 19, 2020, adopts
DECISION on the issuance of coinage of the convertible mark in the denomination of 2 convertible marks
Article 1. (Coinage) The Central Bank of Bosnia and Herzegovina has minted coinage of the convertible mark in the denomination of 2 convertible marks, with the year of issue "2019".
Article 2. (Basic features and design of the coinage) The coinage referred to in Article 1 of this Decision has basic features and design as determined in all respects by the Decision on the issuance, basic features, and issuance into circulation of coinage of 1 and 2 convertible marks ("Official Gazette of BiH", no. 20/00).
Article 3. (Legal tender) In accordance with the Law on the Central Bank of Bosnia and Herzegovina, all public and private institutions and establishments, legal entities, and natural persons are obliged to accept the coinage referred to in Article 1 of this Decision at its 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 4. (Issuance into circulation) With 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 coinage referred to in Article 1 of this Decision into circulation successively, in accordance with the coin issuance plan.
Article 5. (Entry into force) This Decision shall enter into force on the eighth day from the date of its publication in the "Official Gazette of BiH", and it 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-122-01-1-988-3/20 March 20, 2020 Sarajevo
Chairman of the Governing Board of the Central Bank of Bosnia and Herzegovina GOVERNOR dr. Senad Softić