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In 1941, the Yugoslav dinar was replaced, at par, by a second Serbian dinar for use in the German occupied Serbia. 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 ...
In 1945, as Yugoslavia began to be reconstituted, the Yugoslav dinar replaced the Serbian dinar, Independent State of Croatia kuna and other occupation currencies, with the rates of exchanged being 1 Yugoslav dinar = 20 Serbian dinara = 40 kuna. [7] Yugoslavia was a founding member of the International Monetary Fund. At the time, other ...
Denmark is the only EU member state which has been granted an exemption from using the euro. [1] Czechia, Hungary, Poland, Romania and Sweden have not adopted the Euro either, although unlike Denmark, they have not formally opted out; instead, they fail to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro.
European Currency Unit and 22 national currencies which were replaced by the euro: Austrian schilling; Belgian franc; Croatian kuna; Cypriot pound; Dutch guilder; Estonian kroon; Finnish markka; French franc; German mark; Greek drachma; Irish pound; Italian lira; Latvian lats; Lithuanian litas; Luxembourgish franc; Maltese lira; Monégasque ...
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.
As 1999 began, the damage control operation had succeeded in returning the exchange rate to reasonable levels. However, it was not until 2002, after intense macroeconomic reform measures, that the dinar became convertible—a first since the Bretton Woods Agreements laid out the post-World War II international exchange rate regime.
The krone-to-dinar exchange rate was eventually set to four krone to one dinar. At the same time, the Serbian dinar was exchanged at par. Views about the rate remained conflicting in the KSCS and its successor states. Serbian sources say the exchange caused no adverse effects, while Croatian historians and public perception portray the exchange ...
They were the continuation of the pre-WWI Serbian dinar and had the same value. The banknotes were overstamped with the value in Austro-Hungarian krone (Serbo-croatian: Kruna) to make the conversion easier (in the rate 1 dinar = 4 krone). Some ½ and 1 dinar banknotes were issued before the overstamping started, so they had no krone value stamped.
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