Withdrawal of 50 Pfening Banknote From Circulation

11/11/2002

The Central Bank of Bosnia and Herzegovina (CBBH) will withdraw the banknote of 50 F from circulation as the legal tender from January 1, 2003.

 

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Owners of 50 F banknote can regularly use it as the legal tender until December 31, 2002. After that date the banknote will not be used as the legal tender and cannot be accepted for payment of any obligations.

The commercial banks will continue to accept 50 F banknotes for withdraw from January 1 to March 31, 2003.

Withdrawal has been made because coins of 50 F are in circulation and the quality of the 50 F banknotes has been weakening steadily.

The decision of the CBBH Governing Board about withdrawal is based on the Law on the CBBH.


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