Sarajevo (and Bosnia and Herzegovina) is classified as middle-expensive city in comparison to the rest of Europe. Although the economy in Bosnia and Herzegovina is growing every year and the expat community is thriving, cost are following slowly but do not expect Western European costs. If you like going out, meeting friendly welcoming locals, you will surely love Sarajevo.
The local currency is the convertible mark (BAM or KM).
1 € = 1,95 KM
1 $ = 1,80 KM
Average prices are presented below for different categories that students (and staff) are mostly interested (per month):
- 150 – 250 EUR depending on the position of the place of your place (the closer to center of Sarajevo, expensive it is). Make sure your accommodation is close to the public transport.
- under this category you can find electricity, water, internet, cable TV, phone and cleaning fees. Depending on “way of living” and needs, the sum of all is around 100 EUR.
- Food & Drinks:
- 50 EUR – as in all countries, ingredients for cooking are cheaper than eating in restaurants. Still, food in restaurants is not expensive comparing to many European capitals.
- Books (prices per book):
- 25 – 50 EUR – many books can be rented in UNSA unit’s libraries so make sure you check these information before purchase
- Local transportation (month):
- 10 – 25 EUR depending on type of transport. There is a student discount or coupon you purchase on monthly basis (check public transport in Sarajevo).
Currency and money
Official currency exchange is provided on official website of the Central bank of Bosnia and Herzegovina.
Monetary unit of Bosnia and Herzegovina is “convertible mark” (KM).
Convertible mark is divided in hundred of „fenings“ (F).
In circulation are following KM banknotes with five different denominations: KM 10, KM 20, KM 50, KM 100 and KM 200.
Specimen of bank notes can be checked on the official website of Central Bank of Bosnia and Herzegovina.
Credit cards are generally accepted in top hotels and restaurants and some shops. ATMs are becoming increasingly common in bigger cities and even smaller towns. However, an emergency supply of cash is still advisable.