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Yugoslavia re-denominated the dinar for the fifth time on 1 January 1994, at a ratio of 1 billion (10 9) to 1. 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 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.
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 ...
The State Union of Serbia and Montenegro [a] or simply Serbia and Montenegro, [b] known until 2003 as the Federal Republic of Yugoslavia [c] and commonly referred to as FR Yugoslavia (FRY) or simply Yugoslavia, [d] was a country in Southeast Europe located in the Balkans that existed from 1992 to 2006, following the breakup of the Socialist Federal Republic of Yugoslavia (SFR Yugoslavia).
The first hyperinflation of the Yugoslav dinar lasted from 1992 to 1994. Starting from 1992, the money supply of the Yugoslav economy grew enormously to fund the wars, resulting in a protracted hyperinflation episode which lasted for a total of 25 months. [11] In 1993, the dinar recorded a monthly inflation rate of 313 million percent. [11]
The Yugoslav krone (Serbo-Croatian: крyна / kruna; Slovene: krona) was a short-lived, provisional currency used in territories of the newly formed Kingdom of Serbs, Croats, and Slovenes (KSCS, later renamed Yugoslavia), which had previously been part of Austria-Hungary.
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