Serbian dinar
динар (Serbian) | |||||
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ISO 4217 | |||||
Code | RSD (numeric: 941) | ||||
Subunit | 0.01 | ||||
Unit | |||||
Plural | динари / dinari ("dinars") | ||||
Symbol | DIN / дин | ||||
Denominations | |||||
Subunit | |||||
1⁄100 | пара / para (defunct) | ||||
Banknotes | |||||
Freq. used | DIN 10, DIN 20, DIN 50, DIN 100, DIN 200, DIN 500, DIN 1,000, DIN 2,000[1] | ||||
Rarely used | DIN 5,000 | ||||
Coins | |||||
Freq. used | DIN 1, DIN 2, DIN 5 | ||||
Rarely used | DIN 10, DIN 20 | ||||
Demographics | |||||
Replaced | Yugoslav dinar | ||||
User(s) | Serbia[2][3][4][5][6] | ||||
Issuance | |||||
Central bank | National Bank of Serbia | ||||
Website | www | ||||
Printer | Institute for Manufacturing Banknotes and Coins - Topčider | ||||
Website | zin | ||||
Mint | Institute for Manufacturing Banknotes and Coins - Topčider | ||||
Website | zin | ||||
Valuation | |||||
Inflation | 8.0% (2023) | ||||
Source | NBS |
The dinar (
History
Medieval Serbian dinar
The first mention of a "Serbian dinar" dates back to the reign of
E quel di Portogallo e di Norvegia lì si conosceranno, e quel di Rascia che male ha visto il conio di Vinegia.
First modern Serbian dinar (1868–1920)
Following the
After the last Ottoman garrisons were withdrawn in 1867, Serbia was faced with multiple currencies in circulation. Thus, the prince
In 1920, the Serbian dinar was replaced at par by the Yugoslav dinar, with the Yugoslav krone also circulating together.
Coins
In 1868, bronze coins were introduced in denominations of 1, 5, and 10 paras. The obverses featured the portrait of Prince
Banknotes
In 1876, state notes were introduced in denominations of 1, 5, 10, 50, and 100 dinars. The Chartered National Bank followed these notes from 1884, with notes for 10 dinars backed by silver and gold notes for 50 and 100 dinars. Gold notes for 20 dinars and silver notes for 100 dinars were introduced in 1905. However, gold-backed notes were not received well by the public. Lack of public faith in the Serbian dinar, bartering and immediate exchange for gold coins meant that the notes fell out of circulation. Silver-backed notes were however well received and made up 95% of total note circulation. During the Balkan Wars and on the eve of World War I, bank note conversions to gold and silver were temporarily suspended.[10] During World War I, silver notes for 50 and 5 dinars were introduced in 1914 and 1916, respectively. In 1915, stamps were authorized for circulation as currency in denominations of 5, 10, 15, 20, 25, 30, and 50 paras.
Second modern Serbian dinar (1941–1944)
In 1941, the Yugoslav dinar was replaced, at par, by a second Serbian dinar for use in the
Coins
In 1942, zinc coins were introduced in denominations of 50 paras, 1 and 2 dinars, with 10 dinar coins following in 1943.
Banknotes
In May 1941, the Serbian National Bank introduced notes for 10, 20, 50, 100, 500, and 1,000 dinars. The 100 and 1,000 dinar notes were overprints, whilst the 10 dinar design was taken from an earlier Yugoslav note. Other notes were introduced in 1942 and 1943 without any new denominations being introduced.
Third modern Serbian dinar (2003–present)
The Serbian dinar replaced the
Between 2003 and 2006, the Serbian dinar used the ISO 4217 code CSD, with CS being the ISO 3166-1 country code for Serbia and Montenegro. When the State Union was dissolved in 2006, the dinar's ISO 4217 code was changed to the current RSD.
Coins
Coins currently in circulation are DIN 1, DIN 2, DIN 5, DIN 10, and DIN 20 coins. All coins feature identical inscriptions in Serbian, using the Cyrillic and Latin scripts. The DIN 10 and DIN 20 coins are uncommon in circulation, as banknotes of the same value are used instead.
Coins[14] | |||||||||||||||
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Image | Value | Technical parameters | Description | Date of | |||||||||||
Diameter | Mass | Composition | Edge | Obverse | Reverse | minting | issue | withdrawal | lapse | ||||||
DIN 1 | 20 mm | 4.34g | 70% Cu, 12% Ni, 18% Zn | reeded | Denomination, relief of the building of the National Bank of Serbia, year of minting | Issuer's symbols, logo of the National Bank of Serbia | 2003,2004 | 2 July 2003 | Current | ||||||
DIN 1 | 20 mm | 4.26g | 75% Cu, 0,5% Ni, 24,5% Zn | reeded | Coat of arms of Serbia, issuer's symbols | 2005-2009 | 2 July 2005 | ||||||||
DIN 1* | 4.2g | Multilayer; low carbon steel core coated with a layer of copper on both sides/electroplated with a layer of copper and a layer of brass | 2009~present | 20 March 2009 | |||||||||||
DIN 2 | 22 mm | 5.24g | 70% Cu, 12% Ni, 18% Zn | reeded | Gračanica monastery
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Issuer's symbols, logo of the National Bank of Serbia | 2003 | 2 July 2003 | |||||||
DIN 2 | 22 mm | 5.15g | 75% Cu, 0,5% Ni, 24,5% Zn | reeded | Coat of arms of Serbia, issuer's symbols | 2006~2010 | 27 December 2006 | ||||||||
DIN 2* | 5.05g | Multilayer; low carbon steel core coated with a layer of copper on both sides/electroplated with a layer of copper and a layer of brass | 2009~present | 20 March 2009 | |||||||||||
DIN 5 | 24 mm | 6.23g | 70% Cu, 12% Ni, 18% Zn | reeded | Krušedol monastery
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Issuer's symbols, logo of the National Bank of Serbia | 2003 | 2 July 2003 | |||||||
DIN 5 | 24 mm | 6.13g | 75% Cu, 0,5% Ni, 24,5% Zn | reeded | Coat of arms of Serbia, issuer's symbols | 2005~2012 | 2 July 2005 | ||||||||
| | DIN 5* | 5.78g | Multilayer; low carbon steel core coated with a layer of copper on both sides/electroplated with a layer of copper and a layer of brass | 2013~present | 5 July 2013 | ||||||||||
DIN 10 | 26 mm | 7.77 g | 70% Cu, 12% Ni, 18% Zn | reeded | Studenica monastery
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Logo of the National Bank of Serbia | 2003 | 2 July 2003 | current | ||||||
DIN 10 | Serbian coat of arms | 2005~present | 2 July 2005 | ||||||||||||
| | DIN 10 | 26 mm | 7.77 g | reeded | 2009 Summer Universiade logo | Serbian coat of arms | 2009 | 26 June 2009 | |||||||
| | DIN 20 | 28 mm | 9.00 g | reeded | Church of Saint Sava | Logo of the National Bank of Serbia | 2003 | 2 July 2003 | |||||||
| | DIN 20 | 28 mm | 9.00 g | reeded | Portrait of Nikola Tesla | Serbian coat of arms | 2006 | 30 July 2006 | |||||||
| | DIN 20 | 28 mm | 9.00 g | reeded | polyglot and the first minister of education of Serbia
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Serbian coat of arms | 2007 | 10 December 2007 | |||||||
| | DIN 20 | 28 mm | 9.00 g | reeded | Portrait of Milutin Milanković | Serbian coat of arms | 2009 | 26 June 2009 | |||||||
| | DIN 20 | 28 mm | 9.00 g | reeded | Portrait of Đorđe Vajfert, industrialist, Governor of the National Bank of Serbia and Humanitarian | Serbian coat of arms | 2010 | 16 June 2010 | |||||||
| | DIN 20 | 28 mm | 9.00 g | reeded | Portrait of Ivo Andrić, Serbian nobel prize winner from modern day Bosnia | Serbian coat of arms | 2011 | 20 May 2011 | |||||||
| | DIN 20 | 28 mm | 9.00 g | reeded | philanthropist
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Serbian coat of arms | 2012 | 8 June 2012 | |||||||
These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table.
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Banknotes
In 2003, banknotes of the (re-established) National Bank of Serbia were introduced in denominations of DIN 100, DIN 1,000, and DIN 5,000. DIN 500 followed these in 2004, DIN 50 in 2005, DIN 10 and DIN 20 in 2006, and DIN 2,000 in 2011.
Denomination | Obverse image | Reverse image | Main colour | Obverse | Reverse | Remark |
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DIN 10 131 × 62 mm |
Ochre-yellow | Vuk Stefanović Karadžić (1787 – 1864), philologist and linguist
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Member of the First Prague Slavic Congress, 1848 and a vignette of the letters Vuk introduced. | Replaced with a slightly lighter 2006 issue. A revised issue entered circulation in 2011. | ||
DIN 20 135 × 64 mm |
Green | Petar II Petrović-Njegoš (1813 – 1851), metropolitan, statesman, philosopher, and poet | His figure on the back, instead of the statue from the Mausoleum on Mount Lovćen .
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Replaced with a slightly darker 2006 issue. A revised issue entered circulation in 2011. | ||
DIN 50 139 × 66 mm |
Violet | Stevan Stojanović Mokranjac (1856 – 1914), composer and music educator
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Figure of Stevan Stojanović Mokranjac, a motif of Miroslav Gospels illumination scores.
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Redesigned in 2005. A revised issue entered circulation in 2011. | ||
DIN 100 143 × 68 mm |
Blue | Nikola Tesla (1856 – 1943), inventor | A detail from the Tesla electro-magnetic induction engine. | Redesigned in 2003, 2004 and 2006. A revised issue entered circulation in 2012. | ||
DIN 200 147 × 70 mm |
Brown | Nadežda Petrović (1873 – 1915), painter | Silhouette of the Gračanica Monastery. | Redesigned in 2005. A revised issue entered circulation in 2011. | ||
DIN 500 147 × 70 mm |
Cyan | Jovan Cvijić (1865 – 1927), geographer | Stylized ethnic motifs. | Redesigned in 2007. A revised issue entered circulation in 2011. | ||
DIN 1,000 151 × 72 mm |
Red | Đorđe Vajfert (1850 – 1937), industrialist | An outline of Weifert's beer brewery, hologram image of St. George slaying a dragon; details from the interior of the main building of the National Bank of Serbia .
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Redesigned in 2003 and 2006. A revised issue entered circulation in 2011. | ||
DIN 2,000 155 × 74 mm |
Grey | Milutin Milanković (1879 – 1958), mathematician, astronomer and geophysicist | Milanković's figures while at the desk (below: a graphical representation of his calculations of snow boundary movement for the past Quaternary) and from his student days in Vienna (behind: a stylised Sun disk drawing fragment and an illustration of Milanković's work). | Entered circulation in 2011.[1] | ||
DIN 5,000 159 × 76 mm |
Purple | Slobodan Jovanović (1869 – 1958), jurist, historian and politician | Stylized representation of the interior of the assembly hall; silhouette of the National Assembly .
|
Redesigned in 2010. A revised issue entered circulation in 2016.[16] |
See also
References
- ^ a b New 2000 dinars and revised 1000 and 500 dinars banknotes in circulation, National Bank of Serbia.
- ^ a b Mitchell, Lawrence: Travel Guide Serbia, p. 324-325.
- ^ TheGuardian.com. 28 April 2018.
- ^ a b "Points of dispute between Kosovo and Serbia". France 24. 9 November 2018. Archived from the original on 26 November 2021. Retrieved 26 November 2021.
- ^ a b "Kosovo loses millions of euros from the use of the Serbian dinar". Kosova Press. 12 September 2020. Archived from the original on 26 November 2021. Retrieved 26 November 2021.
- ^ a b "Foreign travel advice Kosovo". www.gov.uk. UK Government. Archived from the original on 26 November 2021. Retrieved 26 November 2021.
- ^ ISBN 978-1-107-02838-8.
- ^ Wieser, F. (1965). Contributions to the monetary history of Serbia, Montenegro and Yugoslavia. London: Spink & Son, Ltd. p. 3.
- ^ Šojić, Milan; Đurđević, Ljiljana (2007). "Dinar Exchange Rate in the Kingdom of Serbia 1882–1914" (PDF). Oesterreichische Nationalbank. 17. Retrieved 26 February 2024.
- ^ Hinić, Branko; Đurđević, Ljiljana; Šojić, Milan. "South-Eastern European monetary and economic statistics from the 19th century to World War II". National Bank of Serbia. Retrieved 26 February 2024.
- ^ BOUISSOU, Camille. "Kosovo Says Dinar 'Not Banned' Amid New Row With Serbia". www.barrons.com. Retrieved 2024-02-08.
- ISSN 0261-3077. Retrieved 2024-02-08.
- ^ "Kosovo says dinar 'not banned' amid new row with Serbia". RFI. Agence France-Presse. 7 February 2024.
- ^ National Bank of Serbia. Available at:http://www.nbs.rs/internet/english/75/index.html
- ^ National Bank of Serbia. Available at:http://www.nbs.rs/internet/english/75/75_1/k-1.html
- ^ Serbia new 5,000 dinar note confirmed BanknoteNews.com. Retrieved 2011-12-23
Sources
- Krause, Chester L.; Clifford Mishler (1991). ISBN 0873411501.
- Pick, Albert (1994). ISBN 0-87341-207-9.
External links
- Heiko Otto (ed.). "Historical and current banknotes of Serbia" (in English and German). Retrieved 2018-06-05.