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In May 1941, the Serbian National Bank introduced notes for 10, 20, 50, 100, 500, and 1,000 dinars. The 100 and 1,000 dinar notes were overprints, whilst the 10 dinar design was taken from an earlier Yugoslav note. Other notes were introduced in 1942 and 1943 without any new denominations being introduced.
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. The 10 dinara note was engraved and printed by the American Bank Note ...
In 2003, after the creation of Serbia and Montenegro, the dinar, by then only used in Serbia, was replaced by the Serbian dinar. In practice, the introduction of the Serbian dinar functioned as a name change with their values being at par and maintaining essentially the same banknote and coin designs except for the name of the state.
In November 1944, after Belgrade was taken over by the Partisans, the Serbian National Bank was liquidated. In February 1945, the Communist authorities dismissed the National Bank officials in exile. [7]: 200 New Yugoslav dinar banknotes, printed in the Soviet Union, were introduced from 20 April 1945 to 9 July 1945. [8]
Although these resemble banknotes, they are not banknotes. [3] These were followed, on 20 July 1992, [4] by regular type notes for 10, 50, 100, 500, 1000 and 5000 dinars. Later in 1992, notes were issued by the Narodna Banka Republike Srpske Krajine (National Bank of Republic of Srpska Krajina) in denominations of 10,000 and 50,000 dinars ...
A newer version of 20 ℛ︁ℳ︁ note was introduced in 1939, using a design taken from an unissued Austrian S100 banknote type. 5 ℛ︁ℳ︁ notes were issued in 1942. Throughout this period, the Rentenbank also issued banknotes denominated in Rentenmark, mostly in RM 1 and RM 2 denominations.
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]
The banknotes are legal tender throughout the country. [1] On the notes for the Republika Srpska, inscriptions are printed first in Cyrillic and then Latin script, and vice versa. Banknotes, with the exception of the KM 200 note, are printed by the French company Oberthur. [1] [5]
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