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A second series of notes was introduced later in the year for 5, 10 and 20 novih dinara, with 50 novih dinara note added in 1996 and 100 novih dinara in 1997. The second novi dinar series replaces the emblem of the National Bank of Yugoslavia with that of the Federal Republic , while the 5, 10 and 20 dinar banknotes feature inscriptions only in ...
Coins were issued for this currency in 1992 in denominations of 1, 2, 5, 10 and 50 dinara. The 1, 2 and 5 dinara were bronze, whilst the 10 and 50 dinara were nickel-brass. The coins bore the state title "Yugoslavia" (Jugoslavija in the Latin alphabet and Југославија in Cyrillic) in its simplest form without any modifier.
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 name Yugoslavia, an anglicised transcription of Jugoslavija, is a compound word made up of jug ('yug'; with the 'j' pronounced like an English 'y') and slavija. The Slavic word jug means 'south', while slavija ("Slavia") denotes a 'land of the Slavs'. Thus, a translation of Jugoslavija would be 'South-Slavia' or 'Land of the South Slavs'.
The emigration contributed to keeping the unemployment in check and also acted as a source of capital and foreign currency. The system was institutionalized into the economy. [34] From 1961 to 1971, the number of guest workers from Yugoslavia in West Germany increased from 16,000 to 410,000. [35]
After suffering from high inflation, a second dinar was introduced in August 1994, replacing the first at a rate of 1 "new" dinar = 10,000 "old" dinara. Both these dinars were restricted in their circulation to the areas under Bosniak control. The Croat areas used the Croatian dinar and kuna, whilst the Serb areas used the Republika Srpska dinar.
The dinar (/ d ɪ ˈ n ɑː r /) is the name of the principal currency unit in several countries near the Mediterranean Sea, with a more widespread historical use. The English word "dinar" is the transliteration of the Arabic دينار ( dīnār ), which was borrowed via the Syriac dīnarā from the Latin dēnārius .
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