Time Period: 1992-1994

Currency: 1st Bosnian-Herzegovinian Dinar


Timeline

  • 01.07.1992
  • Law [Službeni glasnik RBiH, br. 8/92] on the withdrawal of the Yugoslav currency ; effective immediately.
  • 02.07.1992
  • Start of currency exchange:
    - 02.07.1992: Issuance of overprinted Yugoslav banknotes of 1,000, 500 Dinars
    - 13.08.1992: Ordinance [Službeni glasnik RBiH, br. G6/92 (?)] on the withdrawal and demonetization of the (overprinted) Yugoslav banknotes; effective immediately
    - 17.08.1992: Start of issuance of regular new banknotes (dated 01.07.1992)
    - 25.08.1992: End of exchange period and demonetization of the Yugoslav currency.
  • 1992-1995
  • Currency situation during the de facto partition of Bosnia-Herzegovina in the civil war:
    - 1. Territories of the "Republic of Bosnia and Herzegovina" (officially recognized) used the Bosnian-Herzegovinian Dinar (1992).
    - 2. Territories of the "Serbian Republic (Republika Srpska)" introduced the Yugoslav Dinar (1992) in July 1992. In the ongoing civil war, banknote supply from Yugoslavia could not be organised such that the Banja Luka branch of the National Bank of Yugoslavia issued paper money locally. The Yugoslav currency reform of October 1993 was implemented, the paper money for the Yugoslav Dinar (1993) was again issued locally by the Banja Luka branch of the National Bank of Yugoslavia. The short-lived Yugoslav Dinar (1994-1) of early January 1994 did not make it to the Serbian Republic, but the Yugoslav Dinar (1994-2) got introduced end January 1994. The wartime situation now allowed the supply of ordinary Yugoslav currency such that no further local issues were necessary.
    - 3. Territories of the "Croatian Republic of Herzeg-Bosna" did not issue any specific currency regulations. Most probably, the Croatian currency got introduced immediately after the split off in July 1992.

Valuation Regimes

  • 1992-1993
  • Variable rate close to parity with the Yugoslav Dinar (1992)
  • 1993-1994
  • Fixed rate against the German Mark

Rate Arrangements

  • 01.07.1992
  • Variable
  • initially: US Dollar at 1 : 200 - Yugoslav Dinar (1992) at 1 : 1
  • -84.7%
  • 11.04.1993
  • Fixed
  • German Mark at 1 : 30'000
  • -
  • 17.06.1993
  • Fixed
  • German Mark at 1 : 650'000
  • -95.5%


Time Period: 1994-1997

Currency: 2nd Bosnian-Herzegovinian Dinar


Timeline

  • ??.07.1994
  • Ordinance [Službeni glasnik RBiH, br. 16/94] on the currency reform; effective 15.07.1994
  • 15.08.1994
  • Start of currency exchange:
    - 15.08.1994: Start of issuance of the new banknotes
    - No demonetization of the former currency (?).

Valuation Regimes

  • 1994-1997
  • Fixed rate against the German Mark

Rate Arrangements

  • 15.07.1994
  • Fixed
  • German Mark at 1 : 100
  • -35.0%


Time Period: 1997-

Currency: Bosnian-Herzegovinian (Convertible) Mark


Timeline

  • 20.06.1997
  • Law [No. 2, Službeni glasnik RBiH, br. 1/97] on the establishment of the Central Bank of Bosnia and Herzegovina and the introduction of the new currency; effective upon constitution of the bank on 11.08.1997.
    - 28.05.1998: Ordinance [Službeni glasnik RBiH, br. 10/98] on the issuance of banknotes and coins; effective immediately.
  • 22.06.1998
  • Start of currency exchange:
    - 22.06.1998: Start of issuance of the new banknotes (subsidiary coins followed on 09.12.1998)
    - No demonetization of the former currency, the circulating Serbian and Croatian money had never been considered legal tender and had to be disposed off individually (?).

Valuation Regimes

  • 1997-1998
  • Fixed rate against German Mark
  • 1999-
  • Fixed rate against European Euro

Rate Arrangements

  • 22.06.1998
  • Fixed
  • German Mark at 1 : 1
  • ±0.0%
  • 01.01.1999
  • Fixed
  • European Euro at 1 : 1.95583
  • ±0.0%


End-year Forex Rates (Units per US Dollar)