Bosnia-Herzegovina - Travel Report

Bosnia and Herzegovina's declaration of sovereignty in October 1991, was followed by a declaration of independence from the former Yugoslavia on 3 March 1992 after a referendum boycotted by ethnic Serbs. The primary products of Bosnia are wheat, corn, fruits, steel, textiles, tobacco products, and wooden furniture. The predominant religion in Bosnia is Muslim, therefore a large part of the population observes traditional Muslim customs and holidays. Credit cards are not traditionally accepted, one should inquire with their financial institution for acceptability. Bosnia and Herzegovina are generally a cash only economy. Although the use of credit cards has become more widespread in recent years, travelers still should not expect to use them to cover all expenses. Automated Teller Machines (ATMs) are available at international banks in Sarajevo and other major cities and towns, but their number is limited. Traveler's checks can be cashed in banks in major cities, but often with delays of three to four weeks. Cash transfers from abroad may also involve delays. The convertible mark, the Bosnian currency since June 1998, is pegged to the euro under a currency-board regime, which guarantees its stability. All official payments must be made in convertible marks, though many private stores and service providers also accept euros. Any bank in Bosnia and Herzegovina should be able to exchange U.S. dollars into the convertible marks with the usual bank commission (being between 1% and 2%).