The Bosnia and Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina. Introduced in 1998, it replaced the Bosnian dinar and is pegged to the Euro, providing stability in the region's economy. The currency is subdivided into 100 fening. The BAM is used throughout the country, including both the Federation of Bosnia and Herzegovina and the Republika Srpska. Banknotes and coins are issued in various denominations, making it convenient for everyday transactions. The currency plays a crucial role in facilitating trade and commerce within the country and with neighboring nations.