Convert Bosnia-Herzegovina Convertible Mark to Peruvian Nuevo Sol
Please provide values below to convert Bosnia-Herzegovina Convertible Mark [BAM] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Bosnia-Herzegovina Convertible Mark.
How to Convert Bosnia-Herzegovina Convertible Mark to Peruvian Nuevo Sol
1 BAM = 0.468589257104309 PEN
Example: convert 15 BAM to PEN:
15 BAM = 15 × 0.468589257104309 PEN = 7.02883885656463 PEN
Bosnia-Herzegovina Convertible Mark to Peruvian Nuevo Sol 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.
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.