With effect from 15 July 1994, a currency conversion took place at the rate of 10,000 Bosnia and Herzegovina dinar (old) = 1 Bosnia and Herzegovina dinar (new). As of 1 August 1994, the Bosnia and Herzegovina dinar (BAD) was pegged to the Deutsche Mark. Exchange rates as of 1997, see BBEX3:A:BAM:DEM:CA:AC:A04.