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|Cрпски динар / Srpski dinar (Serbian)|
|ISO 4217 code||RSD|
|Central bank||National Bank of Serbia|
|Symbol||RSD or РСД (unofficial: din. or дин.)|
|Plural||The language(s) of this currency belong(s) to the Slavic languages. There is more than one way to construct plural forms.|
|Freq. used||1, 2, 5, 10, 20|
|Freq. used||10, 20, 50, 100, 200, 500, 1000, 2000 |
|Printer||Institute for Manufacturing Banknotes and Coins - Topčider|
|Mint||Institute for Manufacturing Banknotes and Coins - Topčider|
The dinar (genitive plural: dinara, Serbian: динар,dinar, динара,dinara, pronounced [dînaːr]) is the currency of Serbia. An earlier dinar was used in Serbia between 1868 and 1918. The earliest use of the dinar dates back to 1214.
The ISO 4217 code for the dinar is RSD, the three-digit identifier is 941, currency symbol is the same (RSD or РСД), while the abbreviation din or дин is still in informal use locally.
The first mention of a "Serbian dinar" dates back to the reign of Stefan Nemanjić in 1214. Until the fall of Despot Stjepan Tomašević in 1459, most of the Serbian rulers minted silver dinar coins. First Serbian dinars, like many other south-European mints, replicated Venetian grosso, including characters in Latin (the word 'Dux' replaced with the word 'Rex'). For many years it was one of the main export articles of medieval Serbia, considering the relative abundance of silver coming from Serbian mines.
Following the Ottoman conquest, different foreign currencies were used up to the mid 19th century. The Ottomans operated coin mints in Novo Brdo, Kučajna and Belgrade. The subdivision of the dinar, the para, is named after the Turkish silver coins of the same name (from the Arabic bara, silver).
After the Principality of Serbia was formally established (1817) there were many different foreign coins in circulation. Eventually, Prince Miloš Obrenović decided to introduce some order by establishing exchange rates based on the groat (Serbian грош/groš, French and English piastre, Turkish kuruş) as money of account. In 1819 Miloš published a table rating 43 different foreign coins: 10 gold, 28 silver, and 5 copper. After the last Ottoman garrisons were withdrawn in 1867, steps were taken to establish an independent national monetary system.
Faced with multiple currencies in circulation, Prince Mihailo Obrenović ordered that a Serbian national currency be minted. The first bronze coins were introduced in 1868, followed by silver in 1875 and gold in 1879. The first banknotes were issued in 1876. Between 1873 and 1894, the dinar was pegged at par to the French franc. The Kingdom of Serbia also joined the Latin Monetary Union.
1 Serbian dinar = 0.0147 US dollars.
In 1941, the Yugoslav dinar was replaced, at par, by a second Serbian dinar for use in the German occupied Serbia. The dinar was pegged to the German reichsmark at a rate of 250 dinars = 1 reichsmark. This dinar circulated until 1944, when the Yugoslav dinar was reintroduced by the Yugoslav Partisans, replacing the Serbian dinar at a rate of 1 Yugoslav dinar = 20 Serbian dinars.
The Serbian dinar replaced the Yugoslav dinar at par in 2003, when Yugoslavia was transformed into the State Union of Serbia and Montenegro. Montenegro had already adopted the Deutsche Mark and later the euro when the mark was replaced by it. According to Bloomberg Serbian currency was placed among the forth weakest world currency.
In 1868, bronze coins were introduced in denominations of 1, 5 and 10 para. The obverses featured the portrait of Prince Mihailo Obrenović III. Silver coins were introduced in 1875, in denominations of 50 para, 1 and 2 dinara, followed by 5 dinara in 1879. The first gold coins were also issued in 1879, for 20 dinara, with 10 dinara introduced in 1882. The gold coins issued for the coronation of Milan I coronation in 1882 were popularly called milandor (French Milan d'Or). In 1883, cupro-nickel 5, 10 and 20 para coins were introduced, followed by bronze 2 para in 1904.
In 1942, zinc coins were introduced in denominations of 50 para, 1 and 2 dinars, with 10 dinar coins following in 1943.
In 2000 coins of 50 para, 1,2 and 5 (Yugoslav)dinar were introduced. In 2003, after the currency's name was changed to Serbian dinar, coins of 1,2,5,10 and 20 (Serbian) dinar were added.
The 50 para as well as 1,2 and 5 dinar coins of the Yugoslav dinar ceased to be legal tender on 1 January 2008 and were exchangeable until 1 January 2013.
|Building of the
National Bank of Serbia
|Gračanica monastery||Krušedol monastery|
|Studenica monastery||Temple of Saint Sava||Nikola Tesla||Ivo Andrić *|
In 1876, state notes were introduced in denominations of 1, 5, 10, 50 and 100 dinara. These were followed by notes of the Chartered National Bank from 1884, with notes for 10 dinara backed by silver and gold notes for 50 and 100 dinara. Gold notes for 20 dinara and silver notes for 100 dinar were introduced in 1905. During World War I, silver notes for 50 and 5 dinar were introduced in 1914 and 1916, respectively. In 1915, stamps were authorized for circulation as currency in denominations of 5, 10, 15, 20, 25, 30 and 50 para.
In May 1941, the Serbian National Bank introduced notes for 10, 20, 50, 100, 500 and 1000 dinara. The 100 and 1000 dinara notes were overprints, whilst the 10 dinara design was taken from an earlier Yugoslav note. Further notes were introduced in 1942 and 1943 without any new denominations being introduced.
In 2003, banknotes of the (re-established) National Bank of Serbia were introduced in denominations of 100, 1000 and 5000 dinara. These were followed by 500 dinara in 2004, 50 dinara in 2005, 10 and 20 dinara in 2006 and 2000 dinara in 2011. Banknotes of similar design, released by the national bank of Yugoslavia between 2000 and 2003 were withdrawn from ciruclation on 1 January 2007.
131 x 62 mm
|Ochre-yellow||Vuk Stefanović Karadžić (1787 – 1864), philologist and linguist||Member of the First Prague Slavic Congress, 1848 and vignette of the letters Vuk introduced.||Replaced with a slightly lighter 2006 issue. A revised 2011 issue entered circulation.|
135 x 64 mm
|Green||Petar II Petrović-Njegoš (1813 – 1851), metropolitan, statesman, philosopher and poet||His figure on the back, instead of the statue from the Mausoleum on Mount Lovćen.||Slightly darker than the National Bank of Serbia issues from 2006 and 2011, respectively.|
139 x 66 mm
|Violet||Stevan Stojanović Mokranjac (1856 – 1914), composer and music educator||Figure of Stevan Stojanović Mokranjac, a motif of Miroslav Gospels illumination scores.||Redesigned in 2005 and 2011.|
143 x 68 mm
|Blue||Nikola Tesla (1856 – 1943), inventor||A detail from the Tesla electro-magnetic induction engine.||Redesigned in 2003, 2004 and 2006. The 2012 issue no longer uses the National Bank's logo, instead using the redesigned Greater Coat of Arms of Serbia.|
147 x 70 mm
|Amber||Nadežda Petrović (1873 – 1915), painter||Silhouette of the Gračanica Monastery.||It was slightly redesigned in 2005, and re-released in 2011.|
147 x 70 mm
|Green/yellow||Jovan Cvijić (1865 – 1927), geographer||Stylized ethnic motifs.||Slightly redesigned (with the coat of arms of Serbia instead of the Emblem of the National Bank) released on June 5, 2007, and again on December 30, 2011 (with the old coat of arms replaced by the new one).|
151 x 72 mm
|Red||Đorđe Vajfert (1850 – 1937), industrialist||An outline of Weifert'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.||It was slightly redesigned in 2003, 2006 and 2011.|
155 x 74 mm
|Grey||Milutin Milanković (1879 – 1958), mathematician, astronomer and geophysicist||Milanković's figures while at the desk (below: a graphical representation of his calculations of snow boundary movement for the past Quaternary) and from his student days in Vienna (behind: a stylised Sun disk drawing fragment and an illustration of Milanković's work).||First images of the new banknote were made public on December 23, 2011, entered circulation on December 30, 2011.|
159 x 76 mm
|Purple||Slobodan Jovanović (1869 – 1958), jurist, historian and politician||An ornamental detail from the building of the Serbian Academy of Sciences and Arts; silhouette of the National Assembly.||It was slightly redesigned in 2003 and 2010.|
|Current RSD exchange rates|
|From Google Finance:||AUD CAD CHF EUR GBP HKD JPY USD|
|From Yahoo! Finance:||AUD CAD CHF EUR GBP HKD JPY USD|
|From XE.com:||AUD CAD CHF EUR GBP HKD JPY USD|
|From OANDA.com:||AUD CAD CHF EUR GBP HKD JPY USD|
|From fxtop.com:||AUD CAD CHF EUR GBP HKD JPY USD|
|Wikimedia Commons has media related to: Serbian dinar|
Reason: resolving monetary chaos
Ratio: at par with Latin Monetary Union unit
|Currency of Serbia
1868 – 1918
Yugoslav first dinar
Reason: creation of the Kingdom of Serbs, Croats, and Slovenes
Ratio: at par
Yugoslav first dinar
Reason: establishment of a pro-Germany puppet state
Ratio: at par
|Currency of World War II Serbia
1941 – 1945
Yugoslav second dinar
Reason: reunification of Yugoslavia as a result of World War II
Ratio: 1 Yugoslav dinar = 20 Serbian dinara
Yugoslav new dinar
Reason: name changed to Serbia and Montenegro (on February 4, 2003)
Ratio: at par
|Currency of Serbia (excluding Kosovo)
July 2, 2003 –
Note: Serbia and Montenegro dissolved on June 3, 2006
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