Currency of Bosnia and Herzegovina (BAM)

The official currency of Bosnia and Herzegovina is the Convertible Mark (BAM), locally called “Konvertibilna marka”.

Key Facts

• Symbol: KM
• Coins: 5, 10, 20, 50 feninga, 1 KM, 2 KM
• Banknotes: 10, 20, 50, 100, 200 KM
• It is a very stable currency

Relationship to the Euro €

One of the most important things for tourists:

The Bosnian Mark is fixed (pegged) to the Euro.
More exactly exchange rate:

1 EUR ≈ 1.95583 BAM

This means the exchange rate does not fluctuate significantly

Easy rule for travelers:

• 1 KM ≈ 0.50 €
• 10 KM ≈ 5 €
• 100 KM ≈ 50 €

Practical Tips for Visitors

Paying in Bosnia

• Cash is still widely used, especially in:
  • small shops
  • cafés
  • local markets
• Cards are accepted in:
  • hotels
  • restaurants
  • larger stores

Can You Pay with Euros?

• Sometimes yes (informally) in tourist areas
• BUT:
  • You will usually get a worse exchange rate
  • Change is often given in KM

Best option: Always pay in BAM

Getting Money

• ATMs are easy to find in cities like Mostar and Sarajevo
• You can withdraw BAM directly using international cards

Why This Is Good for Tourists

• Stable currency = no surprises in prices
• Easy conversion = simple mental math
• Strong link to Euro = predictable value

Quick Summary

• Currency: Convertible Mark (KM)
• Fixed to Euro: ~2 KM = 1 €
• Best practice: Pay in local currency (BAM)