Question 1

What is the "Unfavourable Street Exchange Rates" scam in Mostar?

Accepted Answer

Informal money changers operate near the Old Bridge (Stari Most) and along Kujundžiluk, Mostar's historic bazaar street, offering to exchange euros or dollars into Bosnian marks at rates that appear attractive but include a significant hidden margin. Travellers who accept without checking the rate first often receive 10–15% less than the official bank rate. Bosnia's convertible mark (BAM) is pegged to the euro, so dramatic "deals" are a clear warning sign. Exchange money only at licensed exchange offices (mjenjačnica) or bank branches along Bulevar or near the post office. Check the current EUR/BAM rate (fixed at approximately 1.96 BAM per euro) before any transaction so you immediately spot a bad offer.

Question 2

What is the "Unofficial Money Exchange at the Bus Station" scam in Mostar?

Accepted Answer

Individuals operating near Mostar Bus Station (Autobusna stanica Mostar) on Trg Ivana Krndelja offer currency exchange for Bosnian Marks (BAM) at supposedly better rates than banks. They use sleight of hand to short-count notes, swap high-denomination bills for lower ones during the transaction, or simply take cash and provide nothing in return. The lack of a fixed booth makes confrontation and recovery impossible. Use only licensed exchange offices (mjenjačnica) or ATMs. Do not exchange money with individuals at bus stations or on the street. Note that Bosnia uses the Convertible Mark (BAM) pegged to the euro at approximately 1.95:1 — any offer dramatically above this should be treated as a scam.

Money & ATM Scams in Mostar

Unfavourable Street Exchange Rates

Unofficial Money Exchange at the Bus Station

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