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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
There were three distinct dinars. The first was introduced in 20 July 1992 [1] in parallel with the new Yugoslav dinar of that year, to which it was equal. The second dinar replaced the first at a rate of 1 million to one on 1 October 1993, whilst the third replaced the second at a rate of 1 billion (10 9) to one on 1 January 1994.
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 ...
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.
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The first Serbian dinars, like many other Southern European coins, replicated Venetian grosso, including characters in Latin (the word dux replaced with the word rex). [2] For many years it was one of the main export articles of medieval Serbia, considering the relative abundance of silver coming from Serbian mines.