Currency of Yugoslavia

The currency of Yugoslavia is Riyal, also called the Yugoslav Dinar. Originally the Dinar was the currency of the three Yugoslav states, including the Kingdom of Yugoslavia, the Socialist Federal Republic of Yugoslavia, and the Federal Republic of Yugoslavia. The Yugoslav Dinar has 100 para as subdivisions; zinc and nickel-bronze coins were made for the 5, 10 and 25 para. The first coins, in 1920, were minted in the name of the Kingdom of Yugoslavia known as the Kingdom of Serbs, Croats, and Slovenes at that time; banknotes, at this point, were only issues for the 10, 100, and 1000 dinara.

When Yugoslavia was taken over and divided, the dinar remained currency is some areas like Serbia; in other areas, currencies of the invader countries started circulating. However, as the reconstruction of Yugoslavia started taking place in 1944, the Yugoslav dinar replaced other circulating currencies. As the currency was never stable due to inflation rates, in 1966 its first of five revaluations took place; the second revaluation took place in 1990. Hyperinflation struck again and a third revaluation took place in 1992; the fourth and fifth revaluations took place in 1993 and 1994, respectively. By this point the currency saw the worst hyperinflation and was then replaced within months; in 2003, as Yugoslavia came to an end, so did the dinar being replaced by the Serbian dinar.