Serbian Dinar

In Serbia the official currency is the Serbian dinar. Serbia refers to the two former Yugoslav republics that make up Serbia-Montenegro.

The History of the Serbian Dinar

The Serbian dinar dates back as early as 1214. From 1214 all the way until 1459 the majority of Serbian rulers utilized the Serbian Dinar as their form of currency. During this time, restrictions on gold made it necessary for the currency to be minted out of silver.

Subsequent to the Ottoman conquest, many different foreign currencies were introduced and utilized up to the mid 19th century. The 19th century was still a time of foreign currencies with Serbia experiencing 43 different currencies from Europe. It wasn’t until Serbia was liberated from Turkish rule that the development of an autonomous currency was considered.

It was Prince Mihailo Obrenovic who decided that dealing with multiple currencies was no longer an option and declared that a national currency should be minted. These coins minted in 1868 were a copper alloy and they were minted in denominations of 1, 5 and 10 paras. In 1875, silver dinars were minted and in 1879 there were gold dinar issued.
The Serbian Dinar in Circulation
The National Bank of Serbia holds the responsibility for issuing the Serbian dinar. They currently issue the Serbian dinar in the forms of coins and banknotes. The coins include the 50 para as well as the 1, 2, 5, 10 and 20 dinar coins. The banknotes include 10, 20, 50, 100, 200, 500, 1000 and 5000 dinar.

* This post from Iraqi-dinar.org

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