Serbian dinar
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| ISO 4217 Code | RSD |
| User(s) | Serbia |
| Inflation | 9.3% |
| Source | National Bank of Serbia, 2006 est. |
| Subunit | |
| 1/100 | para |
| Symbol | din. and дин. |
| Plural | The language(s) of this currency is of the Slavic languages. There is more than one way to construct plural forms. See article. |
| Coins | 50 para, 1, 2, 5, 10, 20 din. |
| Banknotes | |
| Freq. used | 10, 20, 50, 100, 200, 500, 1000 din. |
| Rarely used | 5000 din. |
| Central bank | National Bank of Serbia |
| Website | www.nbs.yu |
| Printer | Institute for Manufacturing Banknotes and Coins - Topčider |
| Mint | Institute for Manufacturing Banknotes and Coins - Topčider |
The dinar is the official currency of Serbia. It has also been the currency of the Principality, followed by the Kingdom of Serbia between 1868 and 1918. The autonomous province of Kosovo and Metohia has been using the euro since 1999, prior to which it shared the Yugoslav dinar with Serbia.
The international currency code ISO 4217 for the Serbian dinar is RSD (until October 25, 2006 ICC was CSD), the three-digit identifier is 941 (previously 891), while the local acronym is din or дин. A dinar equals 100 para.[2]
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[edit] History
The first mention of a "Serbian dinar" dates back to the reign of Stefan the First-Crowned Nemanjic in 1214. Up to the fall of Despot Stefan Lazarevic in 1459, most Serbian rulers minted dinar. The coin was an important symbol of Serbian statehood in the Middle Ages. Medieval money was struck exclusively in silver due to restrictions on gold, characteristic in Medieval Europe.
![A coin minted by Dušan in 1346 on the occasion of his coronation. (Photo courtesy of the National Bank of Serbia [1])](../../../upload/5/58/Tsar_Dusan%27s_coin.gif)
Following the Ottoman conquest, different foreign currencies were used up to the mid 19th century. The Ottomans operated several coin mints throughout Serbia in Novo Brdo, Kucajna and Belgrade. Today's hundredth of a dinar in Serbia is the para, named after the last Turkish circulated silver coins (from the Arabic bara, silver).
The 19th century rules of Karađorđe and Prince Miloš Obrenović also saw circulation of many different currencies from all over Europe, 43 different kinds: 10 gold, 28 silver and 5 copper ones. Following the liberation from Turkish domination, steps were taken towards the establishment of an independent monetary system.
Faced with multiple currencies in circulation, Prince Mihailo Obrenović ordered that a Serbian national currency be minted. The new coins of copper alloy were denominated in 1, 5 and 10 paras. The obverse sides featured the portrait of the prince and the year of issue, 1868. The silver dinar was struck only in 1875. It featured Prince Milan Obrenović, in denominations of 50 paras, 1 and 2 dinara. The first gold coins were issued in 1879, with a value of 20 dinara. King Milan's coronation in 1882 called for the issue of gold coins in denominations of 10 and 20 dinara, popularly called milandor (French Milan d'Or (Milan of Gold)).
In 1918, the Serbian dinar was replaced by the Yugoslav krone, which was in turn replaced by the 1920 version of Yugoslav dinar.
The Yugoslav dinar became the Serbian dinar in 2003, when Yugoslavia was transformed into State Union of Serbia and Montenegro. Montenegro and Kosovo have already adopted the euro.
The Serbian newspaper Danas and B92 reported in September 2006 that a set of completely renewed dinar banknotes will be issued in early 2007. The NBS did not confirm nor deny, but said instead that 'Treasury department has a lot of plans'.
[edit] National Bank of Serbia
National Bank of Serbia is the central bank of the Republic of Serbia and as such its main responsibilities are the protection of price stability and maintenance of financial stability.
Core functions of the National Bank of Serbia include determining and implementation of the monetary policy, as well as that of the dinar exchange rate policy, management of the foreign currency reserves, issue of banknotes and coins, and maintenance of efficient payment and financial systems.
[edit] Coins
Coins currently in cirrculation are 50 para; 1, 2, 5, 10, 20 dinar coins.
All coins and banknotes feature identical inscriptions in both scripts Serbian language uses, Cyrillic and Latin.
| 0.50 | 1 | 2 | 5 |
|---|---|---|---|
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| Detail from the bust entitled 'Serbia' |
Building of the National Bank of Serbia |
Gračanica Monastery | Krušedol Monastery |
| 10 | 20 | 20 | |
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| Studenica Monastery | Temple of Saint Sava | Nikola Tesla |
[edit] Banknotes
Banknotes currently produced are 10, 20, 50, 100, 200, 500, 1000, 5000 dinara.
Many banknotes and coins still carry the inscription of the National Bank of Yugoslavia with its symbol, but they will cease to be legal tender on December 31, 2006, as they are being gradually replaced with new ones that have written Narodna Banka Srbije and Serbian coat of arms on them. The 5000 dinara banknote featuring the inscription National Bank of Yugoslavia has already been withdrawn from circulation.
| Front | Back | Features |
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| 10 Dinara Portrait of Vuk Stefanović Karadžić; members of the First Slavic Congress held in Prague in 1848 and vignette of the letters Vuk introduced. Banknote was originally released in 2000 in predominantly ochre-yellow color with brown and green tones. It is gradually replaced with slightly lighter 2006 issue. | ||
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| 20 Dinara Portrait of Petar II Petrović Njegoš; 2006 edition features his figure on the back, instead of the statue from the Mausoleum on Mount Lovćen. Banknote was originally released in 2000 in predominantly green color with ochre-yellow, and with brown and yellow tones, and it is somewhat darker than the National Bank of Serbia issue. | ||
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| 50 Dinara Portrait of the composer Stevan Stojanović Mokranjac; figure of Stevan Stojanović Mokranjac, a motif of Miroslav Gospel illumination scores. Banknote was first released in 2000 in predominantly light violet color, with magenta and yellow tones. It was slightly redesigned in 2005. | ||
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| 100 Dinara Portrait of Nikola Tesla; a detail from the Tesla electro-magnetic induction engine. Banknote was first released in 2000 in predominantly light and marine blue, with greenish and ochre-yellow tones. It was slightly redesigned in 2003, 2004 and 2006. | ||
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| 200 Dinara Portrait of Nadežda Petrović; silhouette of the Gračanica Monastery. Banknote was first released in 2001 in predominantly amber, red, and brown colors and gray-blue tones. It was slightly redesigned in 2005. | ||
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| 500 Dinara Portrait of Jovan Cvijić; stylized ethnic motifs. Banknote was released in 2004 with blue-green tones and in greenish and yellowish colors. | ||
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| 1000 Dinara Portrait of Ðorđe Vajfert, an outline of Vajfert'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. Banknote was released in 2001 in predominantly bright red color, with yellowish and gray-blue tones. It was slightly redesigned in 2003 and 2006. | ||
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| 5000 Dinara Portrait of Slobodan Jovanović and an ornamental detail from the building of the Serbian Academy of Arts and Sciences; silhouette of the Skupština (National Parliament). Banknote was released in 2002 in predominantly green color, with violet and gray-yellow tones. It was slightly redesigned in 2003. | ||
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[edit] See also
- National Bank of Serbia
- List of governors of national banks of Serbia and Yugoslavia
- Dinar
- Serbian country codes
[edit] External links
- (Serbian) (English) National Bank of Serbia
| Preceded by: Numerous currencies Reason: resolving monetary chaos Ratio: at par with Latin Monetary Union unit |
Currency of Serbia 1868 – 1918 |
Succeeded by: Yugoslav krone Reason: creation of the Kingdom of Serbs, Croats, and Slovenes |
| Preceded by: Yugoslav 1920 dinar Reason: establishment of a pro-Germany puppet state |
Currency of Serbia without its southern and northern portions 1941 – 1945 |
Succeeded by: Yugoslav 1945 dinar Reason: reunification of Yugoslavia as a result of World War II Ratio: 1 Yugoslav dinar = 20 Serbian dinara |
| Preceded by: Yugoslav new dinar Reason: name changed to Serbia and Montenegro (on February 4, 2003) Ratio: at par |
Currency of Serbia except Kosovo July 2, 2003 – Note: Serbia and Montenegro dissolved on June 3, 2006 |
Succeeded by: Current |
| Dinars | |
|---|---|
| Current | Algerian dinar | Bahraini dinar | Islamic gold dinar | Iraqi dinar | Jordanian dinar | Kuwaiti dinar | Libyan dinar | Macedonian denar | Tunisian dinar | Serbian dinar | Sudanese dinar |
| Defunct | Abu Dhabi dinar | Bosnia and Herzegovina dinar | Croatian dinar | Krajina dinar | Republika Srpska dinar | South Arabian dinar | South Yemeni dinar | Yugoslav dinar |
| As subunit | Iranian rial |
| See also | E-dinar |
