Serbian dinar

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The dinar is the official currency of Serbia, one of the two republics that comprise Serbia and Montenegro. It was also the currency of the Principality, then Kingdom of Serbia between 1868 and 1918.

The autonomous province Kosovo and Metohia and Montenegro have both been using the euro as of 2004, prior to which they shared the Yugoslav dinar with Serbia. The international currency code ISO 4217 for the Serbian dinar is CSD, and the three-digit identifier is 891. A dinar equals 100 para. As of March 30, 2006 the United States dollar is exchanged for 72.7907 Serbian dinars, and the Euro for 87.3635 dinars.

Coins currently produced are 50 para; 1, 2, 5, 10, 20 dinar coins.

Banknotes currently produced are 10, 20, 50, 100, 200, 500, 1000, 5000 dinars.

Many banknotes and coins still carry the inscription of the National Bank of Yugoslavia with its symbol but they are being gradually replaced with new ones that have written Narodna Banka Srbije and Serbian coat of arms on them.

1 History
2 National Bank of Serbia
3 Dinar coins
4 Dinar banknotes
5 See also
6 External links

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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 dinars. 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.

Image:Tsar Dusan's 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 dinars. The first gold coins were issued in 1879, with a value of 20 dinars. King Milan's coronation in 1882 called for the issue of gold coins in denominations of 10 and 20 dinars, popularly called milandor (French Milan d'Or (Milan of Gold)).

In 1918, the Serbian dinar was adopted as the currency of the Kingdom of the Serbs, Croats and Slovenes, see Yugoslav dinar.

The Yugoslav dinar became the Serbian dinar in 2003, when Yugoslavia became Serbia and Montenegro, Montenegro having already adopted the euro.

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National Bank of Serbia

The National Bank of Serbia is the central bank of Serbia. It is the institution responsible for the monetary politics including printing of money of the Republic of Serbia.

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Dinar coins

**Depiction of Dinar coins**
0.50	1	2
Image:50para.jpg	Image:1dinar.jpg	Image:2dinara.jpg
Detail from the bust entitled 'Serbia'	Building of the National Bank of Serbia	Gračanica Monastery
5	10	20
Image:5dinara.jpg	Image:10dinara.jpg	Image:20dinara.jpg
Krušedol Monastery	Studenica Monastery	Temple of Saint Sava in Vračar

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Dinar banknotes

Front	Back	Features
Image:10front.jpg	Image:10back.jpg
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 released in 2001 in predominantly ochre-yellow color with brown and green tones. This banknote still carries the name of the National Bank of Yugoslavia and it is being gradually replaced with an equivalent coin.
Image:20front.jpg	Image:20back.jpg
20 Dinara Portrait of Petar II Petrović Njegoš; Statue from the Mausoleum on Mount Lovćen. Banknote was released in 2000 in predominantly green color with ochre-yellow with brown and yellow tones. This banknote still carries the name of the National Bank of Yugoslavia and it is being gradually replaced with equivalent coin.
Image:50front.jpg	Image:50back.jpg
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 tonesand. It was slightly redisgned in 2005
Image:Serbia100Dinara.jpg	Image:Serbia100Dinars.jpg
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 tone. It was slightly redesigned in 2003 and in 2004 released with the signature of the new governor Radovan Jelašić
Image:200front.jpg	Image:200back.jpg
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
Image:500front.jpg	Image:500back.jpg
500 Dinara Portrait of Jovan Cvijić; stylized ethno motives. Banknote was released in 2004 with blue-green tones and in greenish and yellowish colors
Image:1000front.jpg	Image:1000back.jpg
1000 Dinara Portrait of Ðorde Vajfert, an outline of Vajfert's beer brewery, hologram image of St. Djordje 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
Image:5000front.jpg	Image:5000back.jpg
5000 Dinara Portrait of Slobodan Jovanović and an ornamental detail from the building of the Serbian Academy of Arts and Sciences; sillhouette of the Federal Parliament. Banknote was released in 2002 in predominantly green color, with violet and gray-yellow tones. It was slightly redesigned in 2003