Yugoslav dinar
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The dinar was the official currency of the three Yugoslav states: the Kingdom of Yugoslavia (formerly the Kingdom of Serbs, Croats and Slovenes), the Socialist Federal Republic of Yugoslavia, and the Federal Republic of Yugoslavia. A dinar equals 100 para.
History
The Yugoslav dinar replaced the provisional currency Yugoslav krone at the rate of 1 dinar = 4 kronen. The Yugoslav krone was equal to the Austro-Hungarian krone.
In 1941, Yugoslavia was split up, with the dinar remaining currency in Serbia. In 1944, as Yugoslavia began to be reconstituted, the Yugoslav dinar replaced the Serbian dinar and Croatian kuna at the rates of one Yugoslav dinar for 20 dinara or 40 kuna, and other occupation currencies as well.
The Yugoslav dinar was revalued five times after this. The revaluations were as follows:
| Date | Conversion Rate | Note |
|---|---|---|
| 1965 | 100 | |
| 1990 | 10,000 | |
| 1992 | 10 | |
| 1993 | 1,000,000 | |
| January 1, 1994 | 1,000,000,000 | |
| January 24, 1994 | 10~13 million | 1 new dinar = 1 German mark |
In its final years, the dinar went through one of the most extreme episodes of hyperinflation in modern history, with the rate of inflation often approaching a hundred percent daily. However, by the 24th of January, the dinar had suffered such that it had to be replaced once more. The novi dinar was introduced, not at a value relative to the previous dinar but at a par with the German mark. Although the peg was not maintained, Yugoslavia came out of hyperinflation and the novi dinar survived the final years of Yugoslavia without further revaluation. The 'novi' portion of the name was abandoned in 2000.
On November 6, 1999, Montenegro decided that, besides Yugoslavian dinar, the German mark was also an official currency. On November 13, 2000, the dinar was dropped and the mark became the only currency.
As Yugoslavia split up, Slovenia, Croatia, Bosnia and Herzegovina, and Macedonia all adopted their own currencies. They were:
| Country | Currency | Date Adopted | 1 new unit = ? Yugoslav 1990 dinars |
|---|---|---|---|
| Bosnia and Herzegovina | Dinar | July, 1992 | 10 |
| Croatia | Dinar | December 23, 1991 | 1 |
| Macedonia | Denar | April 26, 1992 | 1 |
| Slovenia | Tolar | October 8, 1991 | 1 |
Serbian enclaves in Croatia and Bosnia-Herzegovina also issued currencies in dinar, equivalent to and revalued together with the Yugoslav dinar. These were the Krajina dinar and the Republika Srpska dinar.
Coins
1965 dinar
Denominations varied for the different dinars. From 1965 to 1989, the smallest denomination issued was 5 para, the largest 100 dinars.
Banknotes
1965 dinar
Dinar banknotes issued by the National Bank of Yugoslavia issued since the late 1960s until the early 1980s| Denomination | Obverse | Reverse |
|---|---|---|
| 5 dinars | 
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| 10 dinars | 
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| 20 dinars | 
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| 50 dinars | 
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| 100 dinars | 
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| 500 dinars | 
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| 1000 dinars |
| 
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See also
- Serbian dinar
- Hyperinflation
- Kingdom of Yugoslavia
- Socialist Federal Republic of Yugoslavia
- Federal Republic of Yugoslavia
References
External links
- [The National Bank of Serbia]
- http://www.svastara.com/razno/novcanice/
- [Images of dinar banknotes]
- [BBC News: Montenegro drops Yugoslav dinar]
- http://www.answers.com/topic/yugoslavia
- http://www.rogershermansociety.com/yugoslavia.htm
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