CBBH to put into Circulation additional Quantities of Banknotes printed in 2019

October 30, 2019 5:00 PM

 

On November 4, 2019, the Central Bank of Bosnia and Herzegovina (CBBH) will put into circulation the convertible mark banknotes in the denominations of 10, 20, 50 and 100 BAM, additionally printed in 2019.

The banknotes of these denominations, 2019 edition, have been printed in accordance with the regular activities of the CBBH, with the aim to provide sufficient banknotes of the appropriate denomination structure for the needs of cash transactions in BH. The banknotes of the new edition will replace the worn out banknotes of the previous editions, which will be withdrawn from circulation.

The basic features of the banknotes printed in 2019 remain the same as on the banknotes of the previous editions, with the difference that the new edition includes the numerical designation “2019” as the year of printing the denomination, and facsimile signature of the CBBH Governor “Senad Softić”, besides other denominations, is in also on the banknote of 20 denomination, which has been printed for the first time after 2012. Also, the name of the location of the fragment of the “stećak” (medieval tomb-stone) on the reverse side of the banknote in the denomination of 10 BAM, version of the Federation of BH, is harmonized with the Decision on the amendment of the Decision on the basic features and design of BAM banknotes in the denominations of 10, 20, 50 and 100 BAM “Official Gazette of BH”, 49 / 18.

The banknotes of previous editions of all denominations, the quality of which is satisfactory in accordance with the CBBH standards, will remain in circulation as legal tender.

Printing new quantities of convertible mark banknotes has no inflationary effect, since no KM will be put into circulation without the adherence to the currency board principle, which means that every convertible mark issued has foreign currency coverage at a fixed rate.

The banknotes will be put into circulation in succession, or, as appropriate, through the CBBH main units and branches.

 

Tags:

Leave a Reply

You must be logged in to post a comment.

Modalert 200mg : Buy modalert 200