Bosnia and Herzegovina convertible mark / United States dollar

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Updated: 18 Jan, 2:57 pm UTC
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The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina. It is a freely convertible currency, meaning it can be converted into other currencies without restriction. This allows it to be used as an investment vehicle, as investors can take advantage of any discrepancies between the BAM and other currencies. The BAM is also used in the financial markets, allowing investors to buy and sell securities denominated in BAM, such as bonds and stocks. This provides investors with a convenient and liquid way to invest in the Bosnian economy.