Yugoslavia was a country in Southeast Europe during most of the 20th century. It came into existence after World War I in 1918 under the name of Kingdom of Serbs, Croats and Slovenes by the merger of ... Wikipedia

100 Dinara 1981

Front: Horsewoman (Monument of Peace) - It was given as a gift to the UN and it is situated in front of the main building in New York. The base of the monument is made of marble from the Croatian island of Brac. The equestrian statue was cast in the city of Zagreb, capital of Croatia.
"...was a present of the Complete-Yugoslav-Nation, the Golden-Middle between the two blocks of East-West/Cold-War conflict. Since Anti-Hitler-Coalition, Yugoslavia honorable United Nation-Founding-Member. You can't change The Enduring Truth."

Photo: Monument with New York in the background.
Photo: Close up of Monument
Photo: Outside of the United Nations building.

Created by Antun Augustincic (1900 - 1979), a prominent Yugoslav Croatian sculptor.

Banknote World - Bank notes of 1981 Yugoslavia (Banknote design in circulation from 1965 until 1989)
(If you have purchased the banknote set, the year on this banknote may be different.)

Yugoslavia went through a period of hyperinflation and subsequent currency reforms from 1989–1994. One of several regional conflicts accompanying the dissolution of Yugoslavia was the Bosnian War (1992–1995). The Belgrade government of Slobodan Milošević backed ethnic Serbian secessionist forces in the conflict, resulting in a United Nations boycott of Yugoslavia. The UN boycott collapsed an economy already weakened by regional war, with the projected monthly inflation rate accelerating to one million percent by December, 1993 (prices double every 2.3 days).

500,000,000,000 Dinara 1993 (500 Billion Dinara)

Yugoslavia re-denominated the dinar for the fourth time on 1 October 1993, at a ratio of 1 million to 1. This did not mitigate the hyperinflation, and the 1993 dinar lasted for only three months.

Coinage became redundant. The 1993 dinar had the largest denomination out of all incarnations of Yugoslavian currency: the banknote, featuring Jovan Jovanović Zmaj had a face value of 500 billion dinara (above). Wages became worthless; if paid in cash, workers had to rush out and spend their wages before they lost their value overnight. Many businesses started to pay wages in goods instead, and a simple barter system developed. Businesses with good connections to politicians could still get access to hard currency. Some shops, instead of rewriting their prices several times a day, started pricing goods in "bods" (points), often equivalent to hard currency such as one Deutschmark. The winter of 1993 was particularly hard for pensioners; if a monthly pension was spent immediately, it was still barely enough to buy three litres of milk. Many people relied on connections to friends and family abroad (who could provide hard currency) or in the countryside (who could grow food).

More information about the Hyperinflation in Yugoslavia

Front: Serbian Poet Jovan Jovanović Zmaj
Back: National Library of Serbia

Banknote World - Bank notes of 1993 Yugoslavia