Convert Bosnian Convertible Mark to Iranian Rial
Convert Bosnian Convertible Mark (BAM) to Iranian Rial (IRR) using daily updated exchange rates.
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Exchange Rate
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About Bosnian Convertible Mark
The Bosnian Convertible Mark (BAM) was introduced in 1995 following the Dayton Peace Agreement that ended the Bosnian War. It replaced the Bosnian dinar and has been pegged to the Euro at a fixed rate of 1.95583 BAM per EUR since 1998 (originally pegged to the Deutsche Mark). This currency board arrangement ensures full convertibility and monetary discipline. The Central Bank of Bosnia and Herzegovina issues the BAM but has no power to conduct independent monetary policy due to the peg. The "marka" design on banknotes reflects both Bosniak and Croat cultural heritage.
About Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, though Iranians commonly quote prices in tomans (1 toman = 10 rials). Due to decades of international economic sanctions and domestic monetary mismanagement, the rial has experienced catastrophic depreciation - losing over 99.9% of its value against the dollar since the 1979 Islamic Revolution. In 2020, the Iranian parliament approved a redenomination plan replacing 10,000 rials with 1 new toman, though full implementation has been slow. The Central Bank of Iran issues currency and manages monetary policy.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).