Yugoslav dinar

The Yugoslav Dinar ( YUM ) was the monetary unit prinicpale of the Yugoslavia of 1920 to 1992. The Dinar was divided into 100 Para S.

History of the Yugoslav currency

The Yugoslav Dinar replaced in 1920 transitory the Yugoslav Couronne, currency of the Royaume of Serb, Croatian and Slovenien the, at the rate of 4 crowns for one dinar. The Kingdom of Yugoslavia was reversed on March 27th, 1941 and the German army invades the country next in April.

After the German invasion, the country was divided into several entiés and the dinar yougosalve was replaced by a Serb Dinar in Serbia, by the Croatian Kuna in the State independent of Croatia, by the Lire Italian in the zone occupied by Italian (Montenegro and part of the Slovenia, by the Reichsmark in Slovenia occupied by the German troops, by the Hungarian Pengő in the zone of Hungarian occupation, by the Bulgarian Lev in the Bulgarian zone of occupation and by the Albanian Lek in the Kosovo occupied by the Albanians.

During the release of Yugoslavia in November 1943, the democratic news Fédération of Yugoslavia restores the Yugoslav Dinar like monetary unit in all the country.

The Yugoslav Dinar remained the monetary unit of the popular Federal republic of Yugoslavia of 1945 to 1963 and of the socialist Federal republic of Yugoslavia of 1963 to 1992. In 1991, the republics of Croatia, Slovenia, Macedonia and Bosnia-Herzégovine made secession. New monetary units were installation, the Croatian Dinar, the Slovenien Tolar, the Denar Macedonian and the convertible Mark of Bosnia-Herzégovine.

The Serbia and the Montenegro formed the Federal republic of Yugoslavia. November 2nd, 1999, Montenegro gave up the Yugoslav dinar to adopt Deutsche mark like official monetary unit. The federal republic of Yugoslavia was dissolved end 2002 and famous Communauté of States Serbia-and-Montenegro in 2003. Serbia-and-Montenegro separated in two states completely independent on June 3rd, 2006 after the proclamation of independence of Montenegro by referendum in 2006. The Serbia, except Kosovo, chooses continuity and keeps the Dinar as currency one will call it Serb Dinar like new monetary unit, while Montenegro and Kosovo adopted the Euro.

The hyperinflation of the Nineties

With beginning of the year 90, Yugoslavia knew one period of Hyperinflation. The Yugoslav government took various measurements of which the creation of a new dinar being worth a million old dinars. The value of the dinar continued néammoins to tumble down compared to the other currencies. Thus the value of the dinar compared to the Deutsche Mark evolved/moved in the following way:

November 12th, 1993: 1 new DEM = 1 million dinars
November 24th, 1993: 1 DEM = 6,5 new million dinars
November 30th, 1993: 1 DEM = 37 new million dinars
December 11th, 1993: 1 DEM = 800 new million dinars
December 15th, 1993: 1 DEM = 3,7 new billion dinars
December 29th, 1993: 1 DEM = 950 new billion dinars

January 6th, 1994, the Yugoslav government declared Deutsche mark official currency in Yugoslavia.

A new new dinar being worth a billion new dinars was set up, without any impact on inflation. Indeed, hyperinflation continued:

January 11th, 1994: 1 new DEM = 80.000 new dinars
January 13rd, 1994: 1 new DEM = 700.000 new dinars
January 19th, 1994: 1 DEM = 10 new new million dinars

January 24th, 1994, the government created the super dinar being worth ten new new million dinars.

Yugoslav coins

Federativna Narodna Republika Jugoslavija (1953-1962)

the part (1953) of 50 aluminum paras
the part (1953) of 1 dinar out of aluminum
the part (1953) of 2 dinars out of aluminum
the part (1953) of 5 dinars out of aluminum
the part (1955) of 10 dinars in aluminum-bronzes
the part (1955) of 20 dinars in aluminum-bronzes
the part (1955) of 50 dinars in aluminum-bronzes

Socialistična Federativna Republika Jugoslavija (1963-1992)

The first series

the part (1963) of 1 dinar out of aluminum
the part (1963) of 2 dinars out of aluminum
the part (1963) of 5 dinars out of aluminum
the part (1963) of 10 dinars in aluminum-bronzes
the part (1963) of 20 dinars in aluminum-bronzes
the part (1963) of 50 dinars in aluminum-bronzes

The second series (after the monetary reform)

the part (1965, 1973) of 5 paras in aluminum-bronzes
the part (1965, 1973) of 10 paras in aluminum-bronzes
the part (1965, 1973) of 20 paras in aluminum-bronzes
the part (1965, 1973) of 50 paras in aluminum-bronzes
the part (1968) of 1 dinar out of cupronickel

Yugoslav banknotes

August 1st

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