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This allowed the dinar to float (or perhaps more accurately, sink) more or less freely. Under this system, the exchange rate reached about 29 dinars to the dollar in 1981, [15] 127 dinars to the dollar by 1984, [16] and 457 dinars to the dollar by 1987. [17] Yugoslavia's chronic inflation was poorly managed.
In 1941, the Yugoslav dinar was replaced, at par, by a second Serbian dinar for use in the German occupied Serbia. The dinar was pegged to the German reichsmark at a rate of 250 dinars = 1 reichsmark. This dinar circulated until 1944, when the Yugoslav dinar was reintroduced by the Yugoslav Partisans, replacing the Serbian dinar rate of 1 ...
The previous dinar, traded at a rate of 700 to the U.S. dollar, was replaced with a new dinar traded at 12.5 to the U.S. dollar. [ 31 ] In 1967, legislation enabled foreign private investors to become partners with Yugoslav enterprises in joint ventures with up to 49% of capital, despite the fact that such arrangement would be classified as ...
They were the continuation of the pre-WWI Serbian dinar and had the same value. The banknotes were overstamped with the value in Austro-Hungarian krone (Serbo-croatian: Kruna) to make the conversion easier (in the rate 1 dinar = 4 krone). Some ½ and 1 dinar banknotes were issued before the overstamping started, so they had no krone value stamped.
A 500 billion dinar banknote, which was the largest denomination banknote printed in Yugoslavia. Between 1992 and 1994, the Federal Republic of Yugoslavia (FRY) experienced the second-longest period of hyperinflation in world economic history [1] after that of 1920s Russia, [a] caused by an explosive growth in the money supply of the Yugoslav economy during the Yugoslav Wars. [3]
The second 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. Following this, the Republika Srpska used the Yugoslav dinar (first the "1994 dinar" and then "Novi dinar") until 1998, when the Bosnia and Herzegovina convertible mark was introduced.