
The Yugoslav dinar was the official currency of Yugoslavia from 1918 to 2003. It was introduced after World War I and replaced the Austro-Hungarian krone.
The dinar was initially pegged to the gold standard, but it was eventually devalued multiple times due to inflation. This led to a series of currency reforms, with the most notable one being the introduction of the new dinar in 1965.
The new dinar was introduced to combat inflation and stabilize the economy. It was pegged to a basket of currencies, including the US dollar and the German mark.
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Yugoslav Dinar History
The Yugoslav dinar has a rich history, spanning over five decades. It was introduced in 1944 as the official currency of the Socialist Federal Republic of Yugoslavia.
The first Yugoslav dinar was pegged to the US dollar at a rate of 100 dinars per dollar. This rate changed several times over the years, with the dinar being revalued in 1952 and 1965.
In 1992, the Yugoslav dinar was replaced by the new Yugoslav dinar, which was introduced to stabilize the economy. This move was part of a broader effort to reform the country's financial system.
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1920
In 1920, the Yugoslav dinar was introduced as the official currency of the Kingdom of Serbs, Croats, and Slovenes, which later became known as Yugoslavia.
The dinar was pegged to the Austro-Hungarian krone at a rate of 1 dinar to 2.5 kronen, reflecting the country's economic ties to its former rulers.
The Yugoslav dinar was initially subdivided into 100 para, but this subdivision was later abolished in 1925.
The 1920 dinar was a significant improvement over the previous currencies used in the region, such as the Serbian dinar and the Croatian koruna.
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1992
In 1992, notes for 100, 500, 1000, 5000, 10,000 and 50,000 dinara were introduced in the Federal Republic of Yugoslavia. These notes featured designs that were modified from the previous series, but with a twist - notes of equal value didn't have similar designs.
The 100 dinara note was 151 × 72 mm in size, blue in color, and featured a young woman on the obverse side. The reverse side showed a spike of wheat.
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The 500 dinara note was 159 × 76 mm in size, violet in color, and featured a young man on the obverse side. The reverse side showed a mountain.
The 1000 dinara note was 163 × 78 mm in size, red in color, and featured Nikola Tesla on the obverse side. The reverse side showed a Tesla coil.
The 5000 dinara note was 167 × 80 mm in size, dark green in color, and featured Ivo Andrić on the obverse side. The reverse side showed the Mehmed Paša Sokolović Bridge.
The 10,000 dinara note was 139 × 66 mm in size, brown and dark red in color, and featured a girl on the obverse side. The reverse side showed digital art of a human eye.
The 50,000 dinara note was 147 × 70 mm in size, green and violet in color, and featured a boy on the obverse side. The reverse side showed rose flowers.
Here's a summary of the 1992 notes:
Series and Catalogs
The Yugoslav dinar had several notable series and catalogs. The 1945 series, introduced after World War II, featured a portrait of Josip Broz Tito.
The 1955 series, also known as the "Tito series", was widely circulated and included a range of denominations.
1919
In 1919, the Kingdom of Serbs, Croats and Slovenes introduced the first dinar banknotes, which were a continuation of the pre-WWI Serbian dinar and had the same value.
The ½, 1, 5, 10, 20, 100 and 1000 dinar banknotes were printed in 1919 and featured various images and colors.
Some ½ and 1 dinar banknotes were issued before the overstamping started, so they had no krone value stamped.
The banknotes were overstamped with the value in Austro-Hungarian krone to make the conversion easier, in the rate 1 dinar = 4 krone.
The stamp on the 1 dinar = 4 krone banknote had a printing error, where the Cyrillic text "4 КРУНЕ" was replaced with "4 КУРНЕ".
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Here's a list of the 1919 "Dinar - Kruna" Series banknotes:
Yugoslavia Paper Money Catalog
The Yugoslavia paper money catalog is a comprehensive guide to the various banknotes issued by the country during its existence.
It includes the Socialist Federal Republic of Yugoslavia, which was formed in 1945, and the Federal Republic of Yugoslavia, which was formed in 1992 after the country's dissolution.
The catalog lists over 200 different banknotes, each with its own unique design and security features.
Many of these banknotes feature iconic images of Yugoslavian landmarks, such as the Belgrade Fortress and the Mostar Bridge.
The catalog also includes information on the various denominations and serial numbers used during this time period.
The Yugoslavia paper money catalog is a valuable resource for collectors and researchers alike.
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1965
The 1965 series of banknotes was introduced in 1965, marking the first revaluation of the dinar since World War II. This series featured notes in denominations of 5, 10, 50, and 100 dinara.

The 5 dinara note was 135 x 64 mm in size, with a green color and a woman with a sickle on the reverse. It was first printed on August 1, 1965, and withdrawn from circulation on January 1, 1980.
The 10 dinara note was 143 x 68 mm in size, with a brown color and a portrait of Arif Heralić on the reverse. It was first printed on November 1, 1968, and remained in circulation until December 31, 1989.
The 50 dinara note was 151 x 72 mm in size, with a blue color and a relief by Ivan Meštrović at the Parliament building in Belgrade on the reverse. It was first printed on May 1, 1968, and remained in circulation until November 1, 1968.
The 100 dinara note was 147 x 70 mm in size, with a red color and the Monument of Peace by Antun Augustinčić in New York on the reverse. It was first printed on April 1, 1968, and remained in circulation until January 1, 1990.
Here's a summary of the 1965 series notes:
1990

The 1990 series of dinar notes was introduced with a range of denominations, from 10 to 1,000 dinara. Each note had its own unique design and features.
The 10 dinara note, for example, featured a girl on the obverse side and digital art of a human eye on the reverse. It was printed in red and measured 139 x 66 mm.
The 50 dinara note was printed in violet and measured 145 x 75 mm. Its obverse side featured the Battle of Kozara Memorial, while the reverse side showed the Battle of the Sutjeska Memorial.
The 100 dinara note was printed in yellow and measured 151 x 72 mm. A young woman was featured on the obverse, while a spike of wheat was shown on the reverse.
The 200 dinara note was printed in dark green and brown and measured 145 x 75 mm. It also featured the Battle of Kozara Memorial on the obverse and the Šumarice memorial on the reverse.
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Here's a list of the 1990 series notes:
- 10 dinara: red, 139 x 66 mm, girl on obverse, digital art of a human eye on reverse
- 50 dinara: violet, 145 x 75 mm, Battle of Kozara Memorial on obverse, Battle of the Sutjeska Memorial on reverse
- 100 dinara: yellow, 151 x 72 mm, young woman on obverse, spike of wheat on reverse
- 200 dinara: dark green and brown, 145 x 75 mm, Battle of Kozara Memorial on obverse, Šumarice memorial on reverse
- 500 dinara: blue, 159 x 76 mm, young man on obverse, mountain on reverse
- 1,000 dinara: brown, 163 x 78 mm, Nikola Tesla on obverse, Tesla coil on reverse
The first printed date for these notes varied, with the 10 dinara note being printed on September 1, 1990.
1993
The 1993 series of Yugoslavian banknotes is a fascinating example of a currency in crisis. The unusual sequence of denominations is a result of the hyperinflation that Yugoslavia was suffering from.
In 1993, banknotes for this currency were issued in denominations ranging from 5,000 to 500,000,000,000 dinara. This range is staggering, to say the least.
One of the most interesting aspects of the 1993 series is the variety of colors used on each denomination. The 5,000 dinara note, for instance, features a brown and orange color scheme. The 10,000 dinara note, on the other hand, is brown and green.
Here's a breakdown of the different denominations and their corresponding colors:
Each denomination also features a unique image on its obverse and reverse sides. For example, the 5,000 dinara note features Nikola Tesla on the obverse and the Nikola Tesla Museum on the reverse.
1994 Series
The 1994 Series of banknotes is a fascinating topic. These notes were introduced in January 1994 and circulated for a short period before being abandoned in favor of the novi dinar.
The series included denominations of 10, 100, 1,000, 5,000, 50,000, 100,000, 500,000, and 10,000,000 dinara. Each note had its own unique features, such as the obverse and reverse designs.
The 10 dinara note, for example, featured a portrait of Josif Pančić on the obverse and an image of the Kopaonik mountain on the reverse. It was printed on paper with a size of 116 × 55 mm and had a predominantly green and brown color.
The 100 dinara note, on the other hand, had a blue and violet color scheme and featured a portrait of Nikola Tesla on the obverse. The reverse side showed the Nikola Tesla Museum.
Here is a list of the denominations in the 1994 Series, along with their corresponding sizes and colors:
The 10,000,000 dinara note was particularly interesting, as it was an overprinted 1993 banknote with a new date.
Notable Notes
The Yugoslav dinar had a long and complex history, with multiple denominations and designs issued over the years. The first dinar was introduced in 1918, and it was initially pegged to the Austro-Hungarian krone.
In the 1920s, the National Bank of Yugoslavia began issuing banknotes with a distinctive design, featuring a portrait of King Alexander I. The 1929-1931 issues were notable for their unique security features, including a watermark and a serial number.
The Yugoslav dinar was revalued in 1945, with a new currency issued to replace the old one. The new dinar was pegged to the US dollar, and it featured a new design with a portrait of Josip Broz Tito.
The 1950s and 1960s saw the introduction of new security features, including a hologram and a fluorescent strip. The 1963-1968 issues featured a portrait of Tito on the obverse, while the reverse showed a depiction of the country's rich cultural heritage.
The Yugoslav dinar was replaced by the Yugoslav new dinar in 1965, but the old dinar continued to circulate as a parallel currency. The new dinar was pegged to a basket of currencies, including the US dollar, the British pound, and the German mark.
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Features and Information
The Yugoslav dinar had a standard circulation banknote issued by the National Bank of Yugoslavia. These banknotes were a key part of the economy during the Socialist Federal Republic era.
The issuing entity was the National Bank of Yugoslavia, also known as Narodna banka Jugoslavije. This is a crucial piece of information for collectors and researchers.
The banknotes were made of paper and had a rectangular shape, measuring 162 × 77 mm. This physical description is essential for identifying and verifying the authenticity of these banknotes.
The Yugoslav dinar was a hard currency, introduced in 1966, and was used until 1989. The banknotes were denominated in 1000 Dinars (1000 динарa), which is equivalent to 1000 YUD.
Here's a quick summary of the key features of these banknotes:
These banknotes were part of a larger series issued between 1974 and 1981. Unfortunately, they have since been demonetized.
Frequently Asked Questions
Can you still exchange Yugoslavian dinars?
No, we do not exchange Yugoslav dinars, as they were replaced by the Serbian dinar at par in 2003. If you have Serbian dinars, we can exchange them for you.
Is the Yugoslavia currency 1993 valid or in use?
The 1993 Yugoslavia dinar is no longer valid or in use, as it was replaced due to hyperinflation and lasted for only three months.
Sources
- https://en.wikipedia.org/wiki/Banknotes_of_the_Yugoslav_dinar
- https://www.smithwicknumismatics.com/post/notes-of-the-october-dinar-the-people-s-poet-500-billion-dinara-yugoslavia-1993-article
- https://www.atsnotes.com/catalog/banknotes/yugoslavia.html
- https://www.smithwicknumismatics.com/post/notes-of-the-hard-dinar-the-maiden-1-million-dinara-yugoslavia-1989-article
- https://en.numista.com/catalogue/note205920.html
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