Republika Srpska Dinar Explained from History to Present

The Republika Srpska dinar has a rich history dating back to 1992, when it was introduced as the official currency of the Republika Srpska, a self-proclaimed state within Bosnia and Herzegovina.

It was pegged to the German mark, which gave it stability in its early years. The dinar was initially divided into 100 para, but the para was later phased out in 1998.

In 1998, the Republika Srpska dinar was replaced by the Bosnia and Herzegovina convertible mark, which is still in use today.

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The Republika Srpska dinar was the currency of Republika Srpska between 1992 and 1994 during the Bosnian War.

There were two distinct currencies issued by the National Bank of the Republika Srpska. The first was introduced in 1992 in conjunction with the Yugoslav dinar of that year, to which it was equal.

The second currency was introduced on 1 October 1993, replacing the first at a rate of one million to one and matching the revaluation of the Yugoslav currency. This new currency was used until 1998, when the Bosnia and Herzegovina convertible mark was introduced.

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The Republika Srpska dinar was only issued in note form, with the first currency issued in denominations of 10 dinars up to 10 billion dinars.

The designs of the banknotes varied very little within the issues of the two currencies. The "1992 dinar" notes featured the arms of the republic on both sides.

The "1993 dinar" notes had a portrait of Petar Kočić on the obverse, which is a notable design feature of this currency.

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The economic issues surrounding the Republika Srpska dinar are quite complex. The dinar was introduced in 1992, with a 1:1 exchange rate to the Yugoslav dinar.

The dinar was subjected to hyperinflation, which led to a series of denomination changes. In July 1992, the dinar was denominated 1:10. Six months later, in October 1993, it was denominated again, this time 1:1,000,000.

By January 1994, the dinar had been denominated 1:1,000,000,000. The exchange rate with the German mark was staggering, with one mark equivalent to 13.373.454 dinars.

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The dinar's value continued to plummet, with a 10% annual inflation rate. To make matters worse, the introduction of the "super dinar" or "Avram" led to a devaluation of the existing currency by a factor of 20,000,000.

Here's a brief summary of the dinar's denomination changes:

The Republika Srpska dinar had a tumultuous history, especially when it came to its cancellation.

In February 1995, the EU, US, and Russia presented the Plan Z4, which proposed a new government and currency for the Republika Srpska.

This plan was rejected by the Republika Srpska's representatives, leading to the operations of the Croatian army, "Bljesak" and "Oluja", which ultimately led to the disappearance of Srpska Krajina.

The Croatian kuna was introduced on the territory under Croatian control, except for the Hrvatsko Podunavlje region, which fell under Croatian sovereignty in 1997.

The Republika Srpska dinar was eventually replaced by the Croatian kuna at a 1:1 exchange rate.

As a result of hyperinflation in 1993, the National Bank of Republika Srpska issued new banknotes with denominations ranging from 5,000 to 50,000,000,000 dinars.

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The Republika Srpska dinar had a standard circulation banknote with a value of 1,000,000 Dinars.

The issuing bank was the National bank of the Serbian Republic, also known as Народна банка Републике Српске.

This banknote was part of the Second Dinar currency, which was introduced in 1993 and was in circulation until 1994.

The banknote was made of paper and measured 139 × 66 mm in size.

It was a rectangular-shaped banknote.

The Republika Srpska dinar's banknotes, including this one, were demonetized.

Here's a summary of the banknote's specifications: