Money & Banks
Local currency Convertible Mark is the official currency of Bosnia and Herzegovina. International abbreviation is BAM, i.e. KM is used locally (1.95KM=1€).
Convertible mark banknotes come in denominations of 10, 20, 50, 100 and 200 KM. The coins come in denominations of 5, 10, 20 and 50 pfennig, and 1, 2 and 5 KM. 1 KM equals 100 pfennig. POS is available in most shops, restaurants and other service providers in major cities, whereas cash is mostly used in rural and isolated areas.
Banks & ATMs
Most commercial banks have ATMs across Bosnia and Herzegovina that can be used with international debit and credit cards. Usually ATMs are not hard to find. Visa and MasterCard are mostly accepted.
Some of the major banks in Bosnia and Herzegovina are:
Intesa San Paolo Bank
Changing money & exchange rates
Foreign currency can be exchanged at banks and exchange offices. To see approximate exchange rate please visit www.xe.com.
Bringing money to Bosnia and Herzegovina
If you are travelling to or from Bosnia and Herzegovina, you will need to declare to Bosnian Customs any amount of cash exceeding 10,000 Euro or the equivalent in another currency.