Convertible Mark as currency
Currency reserves for the Convertible Mark
According to the International Monetary Fund, the total broad money (M3) amounted to BAM 26.33 billion at the end of 2019. For currency hedging, reserves were held in a total amount of 12.28 billion Marks. This corresponds to a ratio of 1:2.1. Or in other words: 1 of 2 Marks is deposited with a countervalue, which is internationally already above average.
Approximately 221.9 million Marks (1.8%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.
› Worldwide currency and gold reserves