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Yugoslavia re-denominated the dinar for the fifth time on 1 January 1994, at a ratio of 1 billion (10 9) to 1. The 1994 dinar (ISO 4217 code: YUG) was the shortest-lived out of all incarnations of Yugoslav currency, as hyperinflation continued to intensify, [4] and only one coin (1 dinar) was issued for it. Towards the end of the 1994 dinar ...
The first dinar note was the ¼ dinara (25 para) note issued in 1921 by the Ministry of the Finances of the Kingdom of Serbs, Croats and Slovenes.Starting in 1922, the National Bank of the Kingdom of Serbs, Croats and Slovenes issued notes for 10, 100 and 1,000 dinara.
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. [ 30 ] 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 ...
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]
Shown above is a 500 billion Yugoslav dinar banknote printed in 1993. The first hyperinflation of the Yugoslav dinar lasted from 1992 to 1994. Starting from 1992, the money supply of the Yugoslav economy grew enormously to fund the wars, resulting in a protracted hyperinflation episode which lasted for a total of 25 months. [11]
During this period he acquired a good reputation maintaining the value of the Serbian dinar and in credit. After 1918, because of his good offices, Vajfert was appointed Governor of the National Bank of Yugoslavia. [1] His best-known arrangement as Governor was the conversion of the Austro-Hungarian krone into the new Yugoslav dinar.
The royal family, including Prince Paul, escaped abroad and were kept under house arrest in British Kenya. [43] Yugoslavia was soon divided by the Axis into several entities. Germany, Italy, Hungary, and Bulgaria annexed some border areas outright. A Greater Germany was expanded to include most of Slovenia.
The national bank issued the joint dinar-krone notes ordered by the state in February 1919 as its own. [26] The dinar-krone ("krone on dinar") notes were printed as dinar and overprinted with krone at the prescribed ratio. Denominations issued were 2, 4, 20, 40, 80, 400 and 4,000 krone on 1 ⁄ 2, 1, 5, 10, 20, 100 and 1,000 dinar. [27]