04/06/2020: Exchange rate stabilization
Efforts were made to stabilize the exchange rate of the Djiboutian franc to reduce inflation and encourage economic growth.
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.
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.
01/09/2013: Replacement of coins with bi-metallic coins
Coins of lower denominations of the Djiboutian franc were replaced with bi-metallic coins.
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.
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.
01/01/2002: Introduction of new banknotes
New banknotes of the Djiboutian franc were introduced with enhanced security features.
02/07/1998: Issuance of New Banknote Series
A new series of banknotes was issued, featuring updated designs and enhanced security features.
15/09/1997: Second devaluation
The Djiboutian franc was devalued by 33% as a result of economic instability and high inflation.
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.
08/05/1977: First devaluation
The Djiboutian franc was devalued by 50% due to economic difficulties faced by the newly independent country.
27/06/1973: Independence from France
Djibouti gained independence from France and the Djiboutian franc became the national currency.
01/01/1949: Introduction of the Djiboutian franc
The Djiboutian franc was introduced as the official currency of French Somaliland, replacing the French franc at a 1:1 exchange rate.