Historic Pakistani rupee Convertible Mark

Pakistani rupee convertible mark history for January 2024. The highest quote for this month is 0.006504 (29/01/2024) and the lowest 0.006345 (30/01/2024). The difference between high and low is 2.44.

PKR BAM average rate for January 2024 is 0.00643, the change between 01/01/2024 and 31/01/2024 is -1.95 %.

03 January 20241 PKR = 0.0064 BAM
04 January 20241 PKR = 0.0064 BAM
05 January 20241 PKR = 0.0064 BAM
08 January 20241 PKR = 0.0065 BAM
09 January 20241 PKR = 0.0064 BAM
10 January 20241 PKR = 0.0064 BAM
11 January 20241 PKR = 0.0064 BAM
12 January 20241 PKR = 0.0064 BAM
15 January 20241 PKR = 0.0065 BAM
16 January 20241 PKR = 0.0065 BAM
17 January 20241 PKR = 0.0065 BAM
18 January 20241 PKR = 0.0065 BAM
19 January 20241 PKR = 0.0064 BAM
22 January 20241 PKR = 0.0065 BAM
23 January 20241 PKR = 0.0065 BAM
24 January 20241 PKR = 0.0064 BAM
25 January 20241 PKR = 0.0064 BAM
26 January 20241 PKR = 0.0065 BAM
29 January 20241 PKR = 0.0065 BAM
30 January 20241 PKR = 0.0065 BAM
31 January 20241 PKR = 0.0065 BAM

01/11/2019: 25th Anniversary of the Convertible Mark

Bosnia and Herzegovina celebrated the 25th anniversary of the introduction of the Convertible Mark as its national currency.

16/07/2019: IMF Bailout Package

Pakistan reached an agreement with the IMF for a three-year, $6 billion bailout package to address its balance of payments crisis, affecting the value of the Pakistani rupee.

15/08/2017: New Banknote Denominations

New banknote denominations of 200 BAM and 1,000 BAM were introduced to facilitate transactions and enhance the efficiency of cash handling.

11/12/2013: IMF Loan Program

Pakistan signed a loan agreement with the International Monetary Fund (IMF) to stabilize its economy, resulting in devaluation of the Pakistani rupee.

09/03/2010: New Polymer Banknotes

The Central Bank of Bosnia and Herzegovina introduced polymer banknotes to replace the paper banknotes, increasing durability and security.

01/12/2008: Global Financial Crisis

The global financial crisis led to a depreciation of the Pakistani rupee against major international currencies due to economic instability.

28/02/2002: Replacement of Deutsche Mark with Euro

The Deutsche Mark was replaced by the euro as the main reference currency for the Convertible Mark's fixed exchange rate.

28/05/1999: Introduction of State Bank of Pakistan

The State Bank of Pakistan was given full autonomous control over the monetary policy, which had a significant impact on the value of the Pakistani rupee.

02/07/1998: Issuance of New Banknote Series

A new series of banknotes was issued, featuring updated designs and enhanced security features.

01/07/1997: Currency Board Arrangement

A Currency Board Arrangement was established to maintain a fixed exchange rate between the Convertible Mark and the Deutsche Mark.

22/06/1995: Introduction of the Convertible Mark

The Convertible Mark was introduced as the official currency of Bosnia and Herzegovina, replacing the Yugoslav dinar.

16/12/1971: Separation of East Pakistan

Following the separation of East Pakistan and the formation of Bangladesh, the Pakistani rupee underwent a major devaluation.

01/07/1955: Replacement of Indian Rupee

The Pakistani rupee replaced the Indian rupee as the official currency of Pakistan after the two countries separated.

17/08/1947: Independence of Pakistan

The Pakistani rupee was introduced as the official currency of Pakistan after the country gained independence from British rule.