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The dinar (Serbian Cyrillic: динар, pronounced; paucal: dinara / динара; abbreviation: DIN and дин ; code: RSD) is the currency of Serbia. The dinar was first used in Serbia in medieval times, its earliest use dating back to 1214.
History. Silver dinar from the reign of Serbian king Stefan Uroš I (1243–1255). The modern dinar's historical antecedents are the gold dinar and the silver dirham, the main coin of the medieval Islamic empires, first issued in AH 77 (696–697 AD) ( Late Antiquity) by Caliph Abd al-Malik ibn Marwan.
The dinar is the currency of Serbia. The dinar was first used in Serbia in medieval times, its earliest use dating back to 1214. The dinar was reintroduced as the official Serbian currency by Prince Mihailo Obrenović in the 1868. One dinar was formerly subdivided into 100 para.
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.
These banknotes use almost the same design as the 2000–2002 Yugoslav notes. The main difference is that the words Narodna Banka Jugoslavije ( National Bank of Yugoslavia) are changed to Narodna Banka Srbije ( National Bank of Serbia) and the coat of arms of Serbia and Montenegro is changed to the Serbian coat of arms .
Dinar (динар) is the official currency in Serbia. Its denominations are 1 dinar, 2 dinars, 5 dinars, 10 dinars and 20 dinars ( coins which are not used often anymore), and 10 dinars, 20 dinars, 50 dinars, 100 dinars, 200 dinars, 500 dinars, 1000 dinars, 2000 dinars and 5000 dinars ( banknotes ).
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, caused by an explosive growth in the money supply of the Yugoslav economy during the Yugoslav Wars.
