Pound Sterling to Bosnian Convertible Mark — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: Bosnia and Herzegovina

Currency Code, Symbol: BAM, KM

Denominations of coins in circulation: 5, 10, 20 and 50 fenings/pfenigs; 1, 2 and 5 marks

Denominations of banknotes in circulation: 10, 20, 50, 100 and 200 marks

History: The convertible mark (KM) is in circulation on the territory of Bosnia and Herzegovina. The banknote design is different depending on the territory of issuance. Only 200 KM has identical format.On the international exchange market, the currency is known as BAM. Fenings are the coins that are used for change. One convertible mark of B&H correlates to 100 fenings. The currency was issued in 1998 after the civil war between Bosnia and Herzegovina ended. The rate of the national currency of this European country is tied to euro. The regime of the Military Council is used to regulate conversion.Read More