Yugoslavian dinar



Keywords: yugoslavian dinar
Description: Until 1918, the dinar was the currency of Serbia. It then became the currency of the Kingdom of Serbs, Croats and Slovenes. circulating alongside the krone in Croatia. Slovenia and Bosnia and

Until 1918, the dinar was the currency of Serbia. It then became the currency of the Kingdom of Serbs, Croats and Slovenes. circulating alongside the krone in Croatia. Slovenia and Bosnia and Herzegovina. with 1 dinar = 4 kronen. The first coins and banknotes bearing the name of the Kingdom of Serbs, Croats and Slovenes were issued in 1920, until which time Serbian coins and banknotes circulated. In 1929, the name of the country changed to the Kingdom of Yugoslavia and this was reflected on the currency. [ 2 ]

In 1931, an exchange rate of 56.4 dinara = 1 U.S. Dollar was set, which changed to 44 dinara in 1933. In 1937, a tourist exchange rate of 250 dinara = 1 British pound was established.

In 1944, as Yugoslavia began to be reconstituted, the Yugoslav dinar replaced the Serbian dinar. Independent State of Croatia kuna and other occupation currencies, with the rates of exchanged being 1 Yugoslav dinar = 20 Serbian dinara = 40 kuna. In May 1945, a peg of 50 dinara = 1 U.S. dollar was established but was not maintained.

On January 1, 1966, the first of five revaluations took place, at a ratio of 100 to 1. This currency was never very stable, suffering from an inflation rate of 15 to 25 percent per year [1]. In the late 1980s the inflation rate accelerated, causing the currency to be revalued at the beginning of 1990.






Photogallery Yugoslavian dinar:


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