BOSNIA AND HERZEGOVINA

CURRENCY:

Bosnia and Herzegovina Konvertibilna Marka - BAM, Symbol KM

DENOMINATIONS:

NOTE: KM200, 100, 50, 20, 10, 5 and 1 and 50 pfenings.

COIN: KM2 and 1, and 50, 20 and 10 pfenings.

OTHER CURRENCY ACCEPTED:

You can use some euro notes as alternative to local currency - but it might be best to check this first. US Dollars are also accepted.

CREDIT/DEBIT CARDS AND ATMS:

Some credit cards are accepted, mainly in Sarajevo, but it is not generally advised to use these. Cash would be much more recommended.

CURRENCY EXCHANGE:

This is possible in the main cities.

TRAVELLER'S CHEQUES:

As mentioned, it is really best to use cash in Bosnia and it might be tricky to exchange traveller's cheques.

BANKING HOURS:

Mon-Fri 0800-1900

CURRENCY RESTRICTIONS:

Not specified but restrictions do apply.

COUNTRY OVERVIEW:

Bosnia and Herzegovina is situated in South Eastern Europe, and is surrounded by Croatia, Montenegro and Serbia. There are three main ethnic groups in this nation: Bosniak, Serb and Croat. Formerly belonging to the Socialist Federal Republic of Yugoslavia, Bosnia and Herzegovina has been independent since the Yugoslav wars of the 1990s. The capital is Sarajevo.

POPULATION:

3,981,239

ECONOMY:

Bosnia is famous for it's war during the 1990s, and is still in the process of re-building itself since that time. Market reforms are being introduced. The war caused GDP to fall 75%, a huge amount. This amount has increased by around 10%, however high unemployment figures are more worrying. On a positive note, tourism to the country is growing and gaining strength. Bosnia and Herzegovina is generally a cash-only economy.