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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.
The dinar (Serbian: динар, pronounced; paucal: dinara / динара; abbreviation: DIN and дин ; code: RSD) is the currency of Serbia. The dinar was first used in Serbia in medieval times, its earliest use dating back to 1214. The dinar was reintroduced as the official Serbian currency by Prince Mihailo in the 1868. One dinar was ...
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 ...
The first dinar banknotes printed by the Kingdom of Serbs, Croats and Slovenes were ½, 1, 5, 10, 20, 100 and 1000 dinar banknotes printed in 1919. They were the continuation of the pre-WWI Serbian dinar and had the same value.
Dinar. Bosnia and Herzegovina dinar; Croatian dinar; Serbian dinar; Yugoslav dinar – former Yugoslavia; Ducat – throughout Europe; Écu; Florin. Florin – Austria; Florin – Aragon; Florin – England; Florin – Great Britain; Double Florin – Great Britain; Florin – Italy and Italian city-states
However, wartime inflation and tensions with the Federal Republic of Yugoslavia severely discredited the Yugoslav dinar, and many in Kosovo preferred using and hoarding foreign currencies. At the time, the most frequently used foreign currencies were the Albanian lek and German mark, although the U.S. dollar and Swiss franc were also widely used.
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These notes were convertible to US dollars at a rate of 10:1. Seeing an opportunity to procure foreign hard currency, the Soviet Union demanded copies of the engraving plates, ink, and associated equipment in early 1944, and on 14 April 1944 Henry Morgenthau and Harry Dexter White of the U.S. Treasury Department authorized the air transfer of ...