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This infobox shows the latest status before this currency was rendered obsolete. The dinar ( Cyrillic: динар) was the currency of Yugoslavia. It was introduced in 1920 in the Kingdom of Serbs, Croats and Slovenes, which was replaced by the Kingdom of Yugoslavia, and then the Socialist Federal Republic of Yugoslavia.
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.
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The concept of Yugoslavia, as a common state for all South Slavic peoples, emerged in the late 17th century and gained prominence through the Illyrian Movement of the 19th century. The name was created by the combination of the Slavic words jug ("south") and Slaveni / Sloveni (Slavs).
Summarize this article for a 10 year old. The dinar ( Cyrillic: динар) was the currency of Yugoslavia. It was introduced in 1920 in the Kingdom of Serbs, Croats and Slovenes, which was replaced by the Kingdom of Yugoslavia, and then the Socialist Federal Republic of Yugoslavia.
In the 1980s the Yugoslav economy entered a period of continuous crisis. 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%.
The first hyperinflation of the Yugoslav dinar lasted from 1992 to 1994. Starting from 1992, the money supply of the Yugoslav economy grew enormously, resulting in a protracted hyperinflation episode which lasted for a total of 25 months. In 1993, the dinar recorded a monthly inflation rate of 313 million percent.
The banknotes of the Yugoslav dinar were several series of paper money printed by the central bank of the different consecutive states named Yugoslavia (Kingdom of Yugoslavia, Socialist Federal Republic of Yugoslavia and Federal Republic of Yugoslavia).
