Correct spelling for the English word "nieman" is [nˈiːmən], [nˈiːmən], [n_ˈiː_m_ə_n] (IPA phonetic alphabet).
Nieman is a term that refers to a fixed monetary unit of currency in Bosnia and Herzegovina. It was used as the official currency of the country during its existence as a part of Yugoslavia, between 1945 and 1992. The word "nieman" is derived from the Russian word "ниеман," which translates to "notable" or "remarkable."
In the context of Bosnian currency, the nieman was subdivided into 100 para. It existed in various denominations, including banknotes and coins, each featuring different figures, symbols, and designs. The nieman played a significant role in facilitating economic transactions and trade within Bosnia and Herzegovina during its period of circulation.
The currency was eventually replaced by the Bosnia and Herzegovina convertible mark (BAM) in 1998, following the Dayton Agreement that ended the Bosnian War. The adoption of the convertible mark aimed to stabilize the country's financial system and restore confidence in its economy.
While the nieman is no longer in use, it carries historical and cultural significance as a symbol of a particular era in Bosnia and Herzegovina's history. As with any currency, the value of the nieman fluctuated depending on economic factors and government decisions, contributing to the economic landscape of the time.