Decision on the Issuance and Circulation of Convertible Mark Banknotes, UV No.: 11/98 of 28.05.1998

PUBLISHED:

»Official Gazette of BiH«, 10/98
»Official Gazette of FBiH«, 26/98
»Official Gazette of RS«, 27/98

Based on 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 Bosnia and Herzegovina", 1/97), and after consultations with the Presidency of Bosnia and Herzegovina and the Decision of the High Representative for Bosnia and Herzegovina (OHR) on the design of convertible mark banknotes, the Governing Board of the Central Bank of Bosnia and Herzegovina at its 9th session on May 28, 1998, adopts

D E C I S I O N on the issuance and circulation of convertible mark banknotes

I Issuance of Banknotes

1. The Central Bank of Bosnia and Herzegovina (hereinafter: Central Bank) has printed convertible mark banknotes (hereinafter: KM) as legal tender for cash payments in Bosnia and Herzegovina.

2. KM banknotes are printed in the following denominations: 50 fening (hereinafter: F), 1 KM, 5 KM, 10 KM, 20 KM, 50 KM, and 100 KM.

3. All KM banknotes in the denominations listed in item 2 of this Decision are printed in two versions, which have certain common – unique elements, as well as certain different – specific design elements chosen by representatives of the entities: the Federation of Bosnia and Herzegovina and the Republika Srpska.

4. Both versions of KM banknotes are equal under the Law on the Central Bank of Bosnia and Herzegovina and all public institutions and private individuals or companies must accept them when offered in cash payments, in settlement and payment of any obligations towards them, throughout the territory of Bosnia and Herzegovina.

II Circulation of Banknotes

5. KM banknotes in the denominations: 50 F, and 1 KM, 5 KM, and 10 KM will be put into circulation on June 22, 1998.

6. KM banknotes in the denominations: 20 KM, 50 KM, and 100 KM will be put into circulation by the beginning of August 1998.

III Text and Script on Banknotes

7. The nominal values of all banknotes are expressed in conspicuous numbers and words on both sides and bear the facsimile signature of the Governor.

8. On all banknotes, the name Central Bank of Bosnia and Herzegovina is printed in Latin and Cyrillic script in alternating order, so that in one version the text is first printed in Latin script, and below it in Cyrillic, and vice versa, in the second version the text is first printed in Cyrillic script, and below it in Latin.

IV Design of Banknotes

9. On the obverse of banknotes, in the version where the text is first printed in Latin script, there are portraits of writers proposed by representatives of the Federation of Bosnia and Herzegovina. In this case, below the respective portrait, the writer's name is written in Latin script.

10. On the obverse of banknotes, in the version where the text is first printed in Cyrillic script, there are portraits of writers proposed by representatives of the Republika Srpska. In this case, below the respective portrait, the writer's name is written in Cyrillic script.

11. On the reverse of each banknote, with Latin script first, the image is based on fragments of stećci (medieval tombstones), and for banknotes with Cyrillic script first, the image is related to the person whose portrait is on the obverse of the banknote (for example: house, bridge, trees, bread, gusle, books, and pencils).

12. On all denominations in both versions of the banknotes, an equal background numismatic pattern and common (identical) layout of all elements are given, with the main drawing on both sides of the banknote, printed on a gios background which is placed opposite the numismatic background.

13. Each banknote bears the attribute of legal tender for cash payment in the nominal value throughout the territory of Bosnia and Herzegovina, regardless of specific elements, such as portraits of writers and the order of script text.

V Security Features

14. Banknotes have strong security features, or tolerance characteristics, such as: watermark, security thread, shiny strip, invisible fluorescent ink, visible fluorescent ink with rainbow effect, and serial numbers. For all banknotes, the watermark is (±) 3 mm, and the security thread is (±) 6 mm. On banknotes of 50 F, 1 KM, and 10 KM, there is a shiny coating of (±) 0.5 mm.

VI Specific Elements

15. The specific elements of banknotes of each nominal value are as follows:

a) The size of the 50 F banknote is 60 mm x 120 mm. It is blue. In the version where the text is first printed in Latin script, the obverse of the banknote features the portrait of Skender Kulenović. In the version where the text is first printed in Cyrillic script, the obverse of the banknote features the portrait of Branko Ćopić.

b) The size of the 1 KM banknote is 60 mm x 120 mm. It is green. In the version where the text is first printed in Latin script, the obverse of the banknote features the portrait of Ivan Franjo Jukić. In the version where the text is first printed in Cyrillic script, the obverse of the banknote features the portrait of Ivo Andrić.

c) The size of the 5 KM banknote is 62 mm x 122 mm. It is purple. In both versions, i.e., in the version where the text is first printed in Latin script, and in the version where the text is first printed in Cyrillic script, the obverse of the banknote features the portrait of Meša Selimović.

d) The size of the 10 KM banknote is 65 mm x 130 mm. It is orange. In the version where the text is first printed in Latin script, the obverse of the banknote features the portrait of Mehmedalija Maka Dizdar. In the version where the text is first printed in Cyrillic script, the obverse of the banknote features the portrait of Alekša Šantić.

e) The size of the 20 KM banknote is 68 mm x 138 mm. It is gray. In the version where the text is first printed in Latin script, the obverse of the banknote features the portrait of Antun Branko Šimić. In the version where the text is first printed in Cyrillic script, the obverse of the banknote features the portrait of Filip Višnjić.

f) The size of the 50 KM banknote is 71 mm x 146 mm. It is red. In the version where the text is first printed in Latin script, the obverse of the banknote features the portrait of Muza Ćazim Ćatić. In the version where the text is first printed in Cyrillic script, the obverse of the banknote features the portrait of Jovan Dučić.

g) The size of the 100 KM banknote is 74 mm x 154 mm. It is brown. In the version where the text is first printed in Latin script, the obverse of the banknote features the portrait of Nikola Šop. In the version where the text is first printed in Cyrillic script, the obverse of the banknote features the portrait of Petar Kočić.

The reverse of each banknote in both versions has specific elements as in item 11 of this Decision.

16. This Decision enters into force on the day of publication in the Official Gazettes of Bosnia and Herzegovina, the Federation of Bosnia and Herzegovina, and the Republika Srpska.

UV No.: 11 /98 Chairman May 28, 1998. Governing Board of the Central Bank S a r a j e v o of Bosnia and Herzegovina G O V E R N O R Peter Nicholl