Yugoslavia 1000 Dinara 1963 SPECIMEN PMG 66

Yugoslavia 1000 Dinara 1963 SPECIMEN PMG 66

The Yugoslavian dinar was the official currency of several incarnations of Yugoslavia throughout much of the 20th century. However, the term refers to a variety of currencies that were used in different periods of the country's history, as Yugoslavia underwent political and territorial changes. Here’s a breakdown of the different versions of the Yugoslav dinar:

1. Kingdom of Yugoslavia Dinar (1918–1941)

  • After World War I, the Kingdom of Serbs, Croats, and Slovenes (later renamed the Kingdom of Yugoslavia) introduced the dinar in 1918, which replaced the Austro-Hungarian krone.
  • This currency remained in circulation until the Axis powers occupied Yugoslavia in 1941.

2. Post-World War II Dinar (1945–1992)

  • Following World War II and the establishment of the Socialist Federal Republic of Yugoslavia under Josip Broz Tito, the Yugoslav dinar was reintroduced in 1945.
  • The dinar underwent a number of revaluations to manage inflation, and the currency was in use until the early 1990s when the country began to disintegrate.

3. Hyperinflation Era Dinar (1992–1994)

  • During the breakup of Yugoslavia, hyperinflation ravaged the Federal Republic of Yugoslavia (Serbia and Montenegro). Several revaluations of the dinar occurred:
    • 1992 revaluation: New dinar was introduced at a rate of 1 new dinar = 10 old dinars.
    • 1993 revaluation: The currency became almost worthless due to extreme hyperinflation, with a revaluation at 1 new dinar = 1 million old dinars.
    • 1994 revaluation: A new dinar was introduced pegged to the German mark, briefly stabilizing the currency.

4. Serbian Dinar (Post-1994)

  • After the breakup of Yugoslavia, Serbia and Montenegro continued using the dinar. Eventually, after Montenegro left the union in 2006, the currency became known simply as the Serbian dinar.

The Yugoslav dinar, especially during the 1990s, is infamous for being part of one of the most severe instances of hyperinflation in history, when prices doubled almost every day at its peak in 1993-1994.



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