The Bosnia and Herzegovina Convertible Mark (Bosnian, Croatian and Serbian Latin: konvertibilna marka, Serbian Cyrillic: конвертибилна марка) (sign: KM; code: BAM) is the currency of Bosnia and Herzegovina.
It is divided into 100 fenings (Bosnian, Croatian and Serbian Latin: feninga, Serbian Cyrilic: фенинга).
The names derive from German Mark and Pfennig, hence the occasional local spelling of the subdivision as pfeniga.
Its ISO 4217 code is BAM; it is locally abbreviated KM (Latin) or КМ (Cyrillic).
Banknotes are in denomination of: 10, 20, 50, 100 and 200 KM.
Coins are in denomination of 5, 10, 20 and 50 fenings, and 1, 2 and 5 KM.
* Be aware of 5 KM coins since it can rarely be fake, and by scratching the inside yellowish color you can distinct original from fake. It the color is removed easily it is a fake.
The Euro and US Dollar are the preferred foreign currencies. The Pound Sterling is rarely used.
Most of the shops will accept Euro cash for payment on a (1 EUR = 1.95583 BAM) basis.
Credit/Debit Cards and ATMs Credit cards are generally accepted.
ATMs is common thing in Sarajevo, but having some cash with you is advisable.
Traveller's Cheques Bosnia and Herzegovina is mostly a cash-only economy and traveller's cheques are exchanged only at select banks. Banking Hours Mon-Fri 0800-1900.
Euros are widely acceptable except in state institutions such as railway and bus station, post offices etc.