Norwegian Krone to Bosnian Convertible Mark

The Norwegian krone (symbol: kr, code: NOK, number 578) is the national currency of Norway, valid in the country since 1874 to have replaced the Norwegian daler. Although nominally the krone is subdivided into 100 ore, coins denominations of less than 1 crone have been discontinued, and ore has existed only electronically since 2012. The banknotes design bears traditional Scandinavian decorations depicting ships, lighthouses, sea waves, cod.

The exchange rate varies depending on oil prices and other economic factors. The average inflation index is low,e.g. in autumn 2019 it was only 1.8%. During 2017 - 2019, all old banknotes were replaced in the country. They can be exchanged in banks until 2028.

The convertible mark (sign KM, code BAM) 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.

Fenings are the coins that are used for change. One convertible mark of B&H correlates to 100 fenings. The currency has been 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.