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The revalued currency was initially pegged to the US dollar at a rate of 12.50 dinars to the dollar. [12] In late 1971, this was revised to 17 dinars to the dollar. [ 13 ] Following the Nixon Shock , Yugoslavia adopted a market exchange rate system.
Owing to hyperinflation, they circulated just for a couple of weeks before the currency was abandoned in favour of the novi dinar, pegged to the Deutsche Mark as it was used parallel with dinar. Novi dinar's peg to DM lasted until 1996 when the National Bank of Yugoslavia moved to floating exchange rate. 10 and 100 dinara notes were ...
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 ...
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]
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
Tunisian dinar – Tunisia; Yugoslav dinar – Yugoslavia; Diner – Andorra ... List of countries by exchange rate regime; List of central banks; ISO 4217 This page ...
New Caledonia (pegged to the CFP franc at a fixed exchange rate) Wallis and Futuna (pegged to the CFP franc at a fixed exchange rate) Kosovo (formerly German mark and Yugoslav dinar) Monaco (formerly French franc from 1865 to 2002 and Monégasque franc; [33]: 17 issues its own euro coins) Montenegro (formerly German mark and Yugoslav dinar)
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 Yugoslav dinar = 20 Serbian dinars.