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Money
Currency: Bosnia and Herzegovina Konvertibilna Marka (KM) = 100 pfenings. Notes are in denominations of KM200, 100, 50, 20, 10, 5 and 1 and 50 pfenings. Coins are available in denominations of KM2 and 1, and 50, 20 and 10 pfenings.
Currency exchange: The Euro and US Dollar are the preferred foreign currencies. The Pound Sterling is of relatively little value in the republic and rarely used. Included in the Dayton Peace Agreement, signed in 1995, were provisions for a Central Bank of Bosnia and Herzegovina. This bank acts as a currency board and is the sole authority for the issue of the Bosnia and Herzegovina Konvertibilna Marka.
Credit & debit cards: These are not readily accepted. Check with your credit or debit card company for details of merchant acceptability. There are a few ATMs (in Sarajevo and Mostar).
Travellers cheques: Bosnia and Herzegovina is generally a cash-only economy and travellers cheques are not easily exchanged.
Currency restrictions: The import and export of local currency are limited to KM200,000. There are no restrictions on the import and export of foreign currencies.
Exchange rate indicators
The following figures are included as a guide to the movements of the Konvertibilna Marka against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 3.20 | 3.07 | 3.09 | 2.89 | | $1.00= | 2.26 | 2.02 | 1.95 | 1.81 |
Banking hours: Mon-Fri 0800-1700.
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