Convert Bosnia-Herzegovina Convertible Mark to Moroccan Dirham
Please provide values below to convert Bosnia-Herzegovina Convertible Mark [BAM] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Bosnia-Herzegovina Convertible Mark.
How to Convert Bosnia-Herzegovina Convertible Mark to Moroccan Dirham
1 BAM = 0.185062664431691 MAD
Example: convert 15 BAM to MAD:
15 BAM = 15 × 0.185062664431691 MAD = 2.77593996647536 MAD
Bosnia-Herzegovina Convertible Mark to Moroccan Dirham Conversion Table
| Bosnia-Herzegovina Convertible Mark | Moroccan Dirham |
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Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.