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The dinar was reintroduced as the official Serbian currency by Prince Mihailo in the 1868. One dinar was formerly subdivided into 100 para . As of 24 August 2024, 1 US dollar is worth 104.57 dinars.
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 ...
Serbian dinar (CSD). Note - in Montenegro the euro is legal tender; in Kosovo both the euro and the Yugoslav dinar are legal (2002) Code: YUM Exchange rates: Serbian dinars per US dollar - official rate: 60 (2004); Fiscal year: calendar year
Until 1918, the dinar was the currency of Serbia. It then became the currency of the Kingdom of Serbs, Croats and Slovenes, circulating alongside the krone in Croatia, Slovenia and Bosnia and Herzegovina, with 1 dinar = 4 kronen. The first coins and banknotes bearing the name of the Kingdom of Serbs, Croats and Slovenes were issued in 1920 ...
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]
Thousands of Kosovo Serbs in the ethnically divided town of Mitrovica rallied peacefully on Monday to protest against the decision of Kosovo's government to outlaw the Serbian dinar as legal tender.
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.
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]