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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.
May 23, 2019 · The denarius denomination was introduced in 211 B.C. during Rome’s Second Punic War. It was initially established as the value of 10 bronze asses, though the relative scarcity of silver to copper led the denarius being revalued to 16 asses about 141 B.C.
A predecessor of the denarius was first struck in 269 or 268 BC, five years before the First Punic War, [3] with an average weight of 6.81 grams, or of a Roman pound. Contact with the Greeks had prompted a need for silver coinage in addition to the bronze currency that the Romans were using at that time.
YearEventWeightPurity267 BCPredecessor6.81 g?211 BCIntroduction4.55 g95–98%200 BCDebasement3.9 g95–98%141 BCDebasement3.9 g95–98%Dec 15, 1995 · The abundance of dinars issued in eastern Persia can no doubt be explained by the preference of the great Kushans of Bactria for this gold coinage; in fact, they did not mint silver.
The denarius was the most important silver coin in ancient Rome for almost 500 years. In the border territories of the realm it was later often copied by tribes of the Migration Period. Originally, one denarius equaled the 72nd part of a Roman pound.
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It was first introduced as an “Islamic coinage” in the late 7th century ce by ʿAbd al-Malik, the fifth caliph (685–705) of the Umayyad dynasty. The dinar dates from Roman times, when it was known as denarius. Among the countries in which the dinar is used, Iraq was the first to gain independence as a modern state.
The Serbian dinar, like most coins from medieval Southern Europe, was inspired by the Venetian grosso, which was expressed, among others, by Latin inscriptions. However, the word "Dux" was replaced by the name "Rex." The Serbian state of that time did not complain about the silver deposits.
