Krajina dinar
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The Krajina dinar ( sr-cyr, Крајина динар) was the
currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general ...
of the
Republic of Serbian Krajina The Republic of Serbian Krajina or Serb Republic of Krajina ( sh, Република Српска Крајина, italics=no / or РСК / ''RSK'', ), known as the Serbian Krajina ( / ) or simply Krajina, was a self-proclaimed Serb proto-state, ...
between 1992 and 1994.


History

There were three distinct dinars. The first was introduced in 20 July 1992 in parallel with the new
Yugoslav dinar The dinar (Cyrillic script: динар) was the currency of the three Yugoslav states: the Kingdom of Yugoslavia (formerly the Kingdom of Serbs, Croats and Slovenes), the Socialist Federal Republic of Yugoslavia, and the Federal Republic of Yu ...
of that year, to which it was equal. The second dinar replaced the first at a rate of 1 million to one on 1 October 1993, whilst the third replaced the second at a rate of 1
billion Billion is a word for a large number, and it has two distinct definitions: *1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English. * 1,000,000,000,000, i. ...
(109) to one on 1 January 1994. In 1995,
Croatia , image_flag = Flag of Croatia.svg , image_coat = Coat of arms of Croatia.svg , anthem = "Lijepa naša domovino"("Our Beautiful Homeland") , image_map = , map_caption = , capit ...
took control of the region and the
Croatian kuna The kuna is the currency of Croatia, in use since 1994 (sign: kn; code: HRK). It is subdivided into 100 lipa. The kuna is issued by the Croatian National Bank and the coins are minted by the Croatian Mint. The plural form of the word kuna in Cr ...
became the currency. No coins were issued for any of the three dinara.


Banknotes

In 1991, three uniface war loan certificates denominated in 10,000, 20,000, and 50,000 динара (dinara) were prepared, but never issued. Although these resemble banknotes, they are not banknotes. These were followed, on 20 July 1992, by regular type notes for 10, 50, 100, 500, 1000 and 5000 dinars. Later in 1992, notes were issued by the ''Narodna Banka Republike Srpske Krajine'' (National Bank of Republic of Srpska Krajina) in denominations of 10,000 and 50,000 dinars. These were followed by notes for 100,000, 1 million, 5 million, 10 million, 20 million, 50 million, 100 million, 500 million, 1 billion, 5 billion and 10 billion dinars. When the second dinars was introduced later in 1 October 1993, notes were issued in denominations of 5000, 50,000, 100,000, 500,000, 5 million, 100 million, 500 million, 5 billion, 10 billion and 50 billion. On 1 January 1994, the third dinar was issued in denominations of 1000, 10,000, 500,000, 1 million and 10 million dinars.


Abolishment

On 15 February 1994, the "Protocol on the establishment of a single monetary system in the territory of the
FR Yugoslavia Serbia and Montenegro ( sr, Cрбија и Црна Гора, translit=Srbija i Crna Gora) was a country in Southeast Europe located in the Balkans that existed from 1992 to 2006, following the breakup of the Socialist Federal Republic of Yug ...
,
Republika Srpska Republika Srpska ( sr-Cyrl, Република Српска, lit=Serb Republic, also known as Republic of Srpska, ) is one of the two entities of Bosnia and Herzegovina, the other being the Federation of Bosnia and Herzegovina. It is locat ...
and RSK" and the "Decree on the new dinar" was signed so that the Yugoslav dinar would replace the Krajina dinar and
Republika Srpska dinar The dinar was the currency of the Republika Srpska between 1992 and 1994, during and following the Bosnian War. There were two distinct currencies issued by the National Bank of the Republika Srpska. The first was introduced in 1992 in conjunction ...
entirely.


See also

*
Yugoslav dinar The dinar (Cyrillic script: динар) was the currency of the three Yugoslav states: the Kingdom of Yugoslavia (formerly the Kingdom of Serbs, Croats and Slovenes), the Socialist Federal Republic of Yugoslavia, and the Federal Republic of Yu ...
* Economy of Republic of Serbian Krajina *
Republika Srpska dinar The dinar was the currency of the Republika Srpska between 1992 and 1994, during and following the Bosnian War. There were two distinct currencies issued by the National Bank of the Republika Srpska. The first was introduced in 1992 in conjunction ...
*
Croatian dinar The dinar was the currency of Croatia between 23 December 1991 and 30 May 1994. The ISO 4217 code was . History The Croatian dinar replaced the 1990 version of the Yugoslav dinar at par. It was a transitional currency introduced following Croa ...
*
Bosnia and Herzegovina dinar The Bosnia and Herzegovina dinar was the independent currency of Republic of Bosnia and Herzegovina between 1992 and 1998. History Bosnia and Herzegovina declared independence from Yugoslavia in March 1992. The first Bosnian dinar was issued in ...
*
Hyperinflation In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as t ...


References

*


External links


Dinar Republike Srpske Krajine 1991-1994
{{Serbian minority institutions and organizations in Croatia Currencies of Croatia Currencies of Europe Modern obsolete currencies Republic of Serbian Krajina 1992 establishments in Europe 1995 disestablishments in Europe 1990s economic history 1992 establishments in Croatia