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Bosnia and Herzegovina’s official currency is the Bosnia-Herzegovina Convertible Mark (BAM).
Its international currency code is BAM.
The Mark is the only legal tender in Bosnia and Herzegovina. The Euro, US Dollar, or any other foreign currency is not officially used. For daily expenses and all official transactions, the Bosnia-Herzegovina Convertible Mark (BAM) is valid.
The Convertible Mark entered circulation in 1998 after the country gained independence. Monetary policy is conducted by the Central Bank of Bosnia and Herzegovina.
The Mark plays an important role in the country’s economic stability and is pegged to the Euro at a fixed rate: 1 BAM ≈ 0.51129 EUR.
Basic information about the Convertible Mark:
Abbreviation: BAM
Symbol: KM
Subunit: 1 Mark = 100 fening
Prices are generally expressed in Mark; fening is used for small-value purchases.
The main banknotes in circulation are:
10 BAM
20 BAM
50 BAM
100 BAM
200 BAM
500 BAM
Coins used in daily life include:
5 fening
10 fening
25 fening
50 fening
1 BAM
2 BAM
5 BAM
Yes.
With PayPorter, sending money from Türkiye to Bosnia and Herzegovina is fast, secure, and cost-effective.
Thanks to PayPorter’s international money transfer service and secure infrastructure, transfers to Bosnia and Herzegovina reach the recipient quickly.
Ability to send money to more than 185 countries
Affordable transaction fees
Secure and licensed infrastructure
Nearly 500 branches and agent locations
Fast transfer process
You can visit the relevant page to send money from Türkiye to Bosnia and Herzegovina.
No.
The Bosnia-Herzegovina Convertible Mark is not an official means of payment in Türkiye and is available only to a limited extent at exchange offices.
For financial transactions between Türkiye and Bosnia and Herzegovina, the Euro or US Dollar is generally preferred. Additionally, secure money transfers from Bosnia and Herzegovina to Türkiye can be made with PayPorter.
The Mark is one of the most reliable currencies in the Balkans.
Card and contactless payments are widespread in major cities.
Cash usage is still important, especially in small businesses.
Banknote designs reflect Bosnian culture and history.
Price tags are generally displayed only in BAM.
Bosnia and Herzegovina’s official currency is the Bosnia-Herzegovina Convertible Mark (BAM).
No. The Euro is not an official currency; however, it may be accepted in some tourist establishments.
Yes. The only legal and official means of payment is the Convertible Mark.
Yes. You can make fast and secure money transfers to Bosnia and Herzegovina with PayPorter.
Yes. It is common in large cities and tourist areas.
Yes. Most international cards are accepted; transaction fees may vary depending on the bank.
Last Uptade: March 2026
This content is provided for general informational purposes only and does not aim to cover all aspects of the topics discussed. The information herein should not be considered a substitute for advice from a qualified professional. Nothing in this publication should be interpreted as legal, tax, or professional advice provided by PayPorter or its affiliates. While we strive to keep our content accurate and up to date, we make no representations or warranties regarding the completeness, accuracy, or timeliness of the information provided.