Presentations of Euro Security Features

In order to introduce Euro security features to the commercial banks, Central Bank of Bosnia and Herzegovina will organize presentations in Banja Luka, Mostar and Sarajevo.
Presentations, organized for the authorized employees of commercial banks in BH, will be held on 20th of November 2001 in Sarajevo, 21st of November 2001 in Mostar and on 23rd of November 2001 in Banja Luka.
In October this year, two representatives of the Central Bank of Bosnia and Herzegovina attended a one-day seminar about Euro security features that was organized by European Central Bank in Frankfurt. Besides of representatives of the Central Bank, participants of the upcoming presentations in Banja Luka, Sarajevo and Mostar will be able to hear detailed explanations of Euro banknotes from graphologist Esad Bilic, expert advisor of the Central Bank BH.
Since the 1st January 2001, a date when Euro goes into circulation in 12 countries of the European Monetary Union, Convertible Mark will stay as the only legal tender in Bosnia and Herzegovina. Instead to German Mark, Convertible Mark will be tied to euro by the law at the existing exchange rate, and that exchange rate is 1 KM = 0,51129 euro.
Usage of euro in cash payments in BH will not be illegal, which means that Euro can be used if both sides agree (customer and retailer).