Convert Bosnia-Herzegovina Convertible Mark to Qatari Rial
Please provide values below to convert Bosnia-Herzegovina Convertible Mark [BAM] to Qatari Rial [QAR], or Convert Qatari Rial to Bosnia-Herzegovina Convertible Mark.
How to Convert Bosnia-Herzegovina Convertible Mark to Qatari Rial
1 BAM = 0.457994505494505 QAR
Example: convert 15 BAM to QAR:
15 BAM = 15 × 0.457994505494505 QAR = 6.86991758241758 QAR
Bosnia-Herzegovina Convertible Mark to Qatari Rial Conversion Table
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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.
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.