23/03/2020: COVID-19 Pandemic Impact
The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.
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.
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.
15/12/2008: Global Financial Crisis Impact
The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.
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.
09/11/2001: Rand Weakens to Record Low
The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.
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.
01/01/1995: Establishment of Reserve Bank Independence
The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.
27/04/1994: First Democratic Elections
The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.
01/08/1982: Currency Decimalization
The rand was decimalized, with 1 rand being equal to 100 cents.
14/09/1961: Introduction of the Rand
The South African rand was introduced as the official currency, replacing the South African pound.