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Reading: Central Bank of Bosnia and Herzegovina puts additional Money in Circulation, with no Inflationary Effect
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Sarajevo Times > Blog > BUSINESS > Central Bank of Bosnia and Herzegovina puts additional Money in Circulation, with no Inflationary Effect
BUSINESS

Central Bank of Bosnia and Herzegovina puts additional Money in Circulation, with no Inflationary Effect

Published April 4, 2020
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The Central Bank of Bosnia and Herzegovina (CBBH) issued 2 BAM denomination coins, being additionally minted on 2019.

The coins of this denomination, 2019 issue, have been minted in accordance with the regular activities of the CBBH, which aim to provide enough coined money of the appropriate denomination for the purposes of cash turnover in BH.

The basic features and design of the additional 2 BAM coins, 2019 issue, remain the same as the coins of the previous issues of this denomination, with the number “2019” on the reverse of the coin, which is the year of minting of the a.m. denomination.

Minting of new quantities of convertible mark coins has no inflationary effect, as no BAM will be put into circulation without adhering to the Currency Board principle, which means that every issued convertible mark has foreign currency coverage at a fixed rate.

The coins will be put into circulation successively, or per a need, through the CBBH’s Main Units and Branches.

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TAGGED:#BiH#centralbank#denomination#moneyBUSINESScoins
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