convertible marka
currency
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financial system of Bosnia and Herzegovina
- In Bosnia and Herzegovina: Finance, trade, and services
The national currency, the convertible marka (konvertibilna marka; KM), is pegged to the euro. After the war, fiscal consolidation was strong, and most banks are now privately owned. Foreign direct investment was substantial in the early 21st century, but foreign investors faced serious obstacles, including a complex legal and…
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