Yugoslav dinar

The Yugoslav dinar was the official currency of the Kingdom of Yugoslavia, the Socialist Federal Republic of Yugoslavia and the Federal Republic of Yugoslavia until 1994, where he changed to date repeatedly form and value. It was subdivided into 100 para.

History and Description

The Yugoslavian currency was named as the 1920 to Serbian Dinar valid after the Roman silver coin denarius. On January 1, 1966, the dinar has been reformed; there were just two zeros deleted, ie 100 "old dinar ", 1 "new dinar ". Curiously, older people have expected until the disintegration of Yugoslavia in the "old dinar ", ie the zeros appended again. The dinar was in the 1960s and 1970s for a real socialist country is a very stable currency. He had a 7:1 exchange rate with the German mark, was but after the 1980s, especially after the death of Tito, strong. Reason for the high inflation was mainly the poor monetary policy of the Yugoslav National Bank, the Narodna Banka Jugoslavije.

Characteristic of the dinar banknotes was that not like other currencies celebrities graced the bills, but anonymous people as workers, farmers or objects such as ships and monuments. This tradition was only broken with the introduction of the 5,000 - dinar note, this graced the portrait of Josip Broz Tito. On all dinar coins of the value of money was on the front embossed on the back of the coat of arms of the SFR Yugoslavia, consisting of grain ears, flame, star, and the date of incorporation of the state, November 29, 1943 to commemorate the Anti-Fascist Council for the National Liberation of Yugoslavia. After the collapse of Yugoslavia, the dinar only in rump state consisting of the republics of Serbia and Montenegro was retained. The back galloping inflation have been several attempts to curb by means of reforms.

  • On 1 January 1990: 10,000 New Dinar = 1 Convertible Dinar
  • On 1 July 1992: 10 ( Convertible ) of the Socialist Federal Republic of Yugoslavia Dinar 1 Dinar = the Federal Republic of Yugoslavia
  • On October 1, 1993: 1,000,000 (old ) dinars = 1 ( new ) Dinar
  • On 1 January 1994: 1.000.000.000 (old ) dinars = 1 ( new ) Dinar
  • July 22, 1994: 12,000,000 (old ) = 1 New Dinar Dinar ( also officially called Novi Dinar )

It follows that a new dinar 1994 1.200.000.000.000.000.000.000.000.000 (or 1.2 x 1027 and 1.2 Quadrilliarden ) corresponds old dinars from before 1990.

The former republics of Slovenia and Croatia led after a short transition period, the Slovenian Tolar or the Croatian Kuna ( previously Croatian Dinar ) as the successor of the Dinar one. In 2003, he was replaced in Serbia by the Serbian dinar and Montenegro by the euro.

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