Money
Currency, ATMs, and cash
The currency is the Bosnian convertible mark — BAM (international ISO code) or KM (locally). It has been pegged to the euro since 1998 at a fixed rate of 1.95583 KM = €1, so 1 BAM ≈ €0.51 (roughly US$0.55). The peg does not move, so you never need to check the day's rate before you spend.
Cash still matters. Cards work at hotels, restaurants, larger shops, and Maison Coco. Cash is preferred (or required) at markets, small cafés, tram drivers, bakeries, taxi meters, and the pigeon-seed stalls at the Sebilj. Keep 5, 10, and 20 KM notes on hand — a 100 KM note is hard to break at a somun counter.
ATMs are on almost every block in the centre. Raiffeisen and UniCredit are the two commonest bank ATMs with the fairest rates. Avoid Euronet, Travelex, and airport currency-exchange booths — worse rates plus extra fees. The daily withdrawal cap is usually 400–500 KM per transaction; multiple withdrawals in a day work.
Euros are informally accepted at hotels and tourist-facing restaurants — but change comes back in KM at their own rate. Bring KM if you can, treat euros as a fallback rather than a plan. No US dollars, no British pounds, no Swiss francs; the peg is euro-only.