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LOCAL CURRENCY IN BOSNIA

Want to know the local currency in Bosnia? The local currency in Bosnia is called Convertible Mark.

The Bosnian Convertible Mark is issued and managed by the Central Bank of Bosnia Herzegovina. To find out the current currency exchange rates for Convertible Mark to other major currencies of the world, click on foreign currency rates.

Bosnian Currency Information
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The currency used in Bosnia is called as the Convertible Mark. This currency is denoted with the currency sign KM and the ISO 4217 Code for the Bosnian Convertible Mark is BAM. The Convertible Mark, is the official currency of the Bosnia . It is divided into 100 smaller units called Para.

The constitution of Bosnia provides that the Bosnia government shall have the power to print the Bosnian Convertible Mark and Para coins to be used as a legal tender in Bosnia. The Bosnian Convertible Mark bank notes and Para coins are both designated as "legal tender" in payment of debts.

The Bosnian Convertible Mark bill uses the decimal system, consisting of 100 equal units.

The symbol KM, usually written before the numerical amount, is used for the Bosnian Convertible Mark.

Currently printed bank notes denominations are 10, 25, 50, 100, 500, 1000 dinar and the coins are minted in the denominations of none .

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How Does Balance of Trade and Investment Affect the Value of the Bosnian Convertible Mark
Financial analysts regularly cite the balance of trade and investment in Bosnia as the most important influence on the value of the Convertible Mark. The difference between what the Bosnia exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Convertible Mark exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Convertible Mark exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Bosnian Convertible Mark.
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