1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 0.271 BAM (Bosnian Mark). It is the official currency of Bosnia. In 1991 Bosnia declared sovereignty and broke away from Yugoslavia. From 1992 to 1998 the Bosnian Dinar (BAD) was used as BosniaĆ¢s official currency. The Dinar was replaced by the Bosnian Mark (BAM) in 1995. The Mark is subdivided into 100 fenings and was pegged to the German Mark with 1 German Mark = 1.95583 BAM = 1 Euro. The Bosnian Mark is also known as the Bosnia and Herzegovina Convertible Mark. The currency is issued and controlled by the Central Bank of Bosnia & Herzgoniva. It is denoted by the symbol KM.