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The 1994 dinar (ISO 4217 code: YUG) was the shortest-lived out of all incarnations of Yugoslav currency, as hyperinflation continued to intensify, [4] and only one coin (1 dinar) was issued for it. Towards the end of the 1994 dinar, the National Bank overprinted and reissued 10 million dinara banknotes from the 1992 dinar (right).
The first dinar note was the ¼ dinara (25 para) note issued in 1921 by the Ministry of the Finances of the Kingdom of Serbs, Croats and Slovenes.Starting in 1922, the National Bank of the Kingdom of Serbs, Croats and Slovenes issued notes for 10, 100 and 1,000 dinara.
Between 1979 and 1985 the Yugoslav dinar plunged from 15 to 1,370 to the U.S. dollar, half of the income from exports was used to service the debt, while real net personal income declined by 19.5%. Unemployment rose to 1.3 million job-seekers, and internal debt was estimated at $40 billion.
Yugoslavia was the host nation of the 1984 Winter Olympics in Sarajevo. For Yugoslavia, the games demonstrated Tito's continued vision of Brotherhood and Unity, as the multiple nationalities of Yugoslavia remained united in one team, and Yugoslavia became the second Communist state to hold the Olympic Games (the Soviet Union held them in 1980 ...
Yugoslavia (/ ˌ j uː ɡ oʊ ˈ s l ɑː v i ə /; lit. ' Land of the South Slavs ') [a] was a country in Southeast and Central Europe that existed from 1918 to 1992. It came into existence following World War I, [b] under the name of the Kingdom of Serbs, Croats and Slovenes from the merger of the Kingdom of Serbia with the provisional State of Slovenes, Croats and Serbs, and constituted the ...
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 Serbian dinar replaced the Yugoslav dinar in 2003 when the Federal Republic of Yugoslavia was transformed into the State Union of Serbia and Montenegro. Both Montenegro and the disputed territory of Kosovo had already adopted the Deutsche Mark and later the euro when the mark was replaced by it in 2002.
He became widely known when in January 1994 his economic program stopped the hyperinflation in Federal Republic of Yugoslavia and the Yugoslav dinar got into 1:1 parity with the Deutsche Mark. From 2 March 1994 to 15 May 1996, he was the governor of the National Bank of Yugoslavia and the main coordinator of the national economic, social and ...