#convertible-mark

Bosnia and Herzegovina: A Financial History — From the Ottoman Province to the Post-War Economy and the EU Aspiration

This article traces the financial and economic history of Bosnia and Herzegovina from Ottoman provincial administration and Austro-Hungarian industrialization through the socialist Yugoslav era. It analyzes the devastating macroeconomic effects of the 1992-1995 war, the structural provisions of the Dayton Agreement, and the post-war reconstruction process. Finally, it details the establishment of the Central Bank, the introduction of the convertible mark (BAM), and the ongoing structural reforms driven by IMF programs and EU integration aspirations.