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Yugoslavia Hyperinflation Banknotes

 

5,000,000 Dinara 1993

5000000 dinara 1993 front
5000000 dinara 1993 back

Enlarge: Front5000000 dinara 1993 front
 & Back5000000 dinara 1993 back

Front: Nikola Tesla (1856-1943), Serbian-American inventor and researcher

Back: High frequency transformer and hydroelectric dam

 

10,000,000,000 Dinara 1993
(10 Billion Dinara)

10,000,000,000 Dinara, 1993 front
10,000,000,000 Dinara, 1993 back

Enlarge: Front10,000,000,000 Dinara, 1993 front
 & Back10,000,000,000 Dinara, 1993 back

Front: Nikola Tesla (1856-1943), Serbian-American inventor and researcher

Back: High frequency transformer

 

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

500,000,000,000 Dinara 1993 front
500,000,000,000 Dinara 1993 back

Enlarge: Front500,000,000,000 dinara 1993 front
 & Back500,000,000,000 dinara 1993 back

Front: Jovan Jovanovic Zmaj (1833-1904), Serb poet

Back: National Library

Back to Hyperinflation Banknotes

Yugoslavia went through a period of hyperinflation and subsequent currency reforms from 1989 to 1994.
The highest denomination in 1988 was 50,000 Dinara. By 1989 it was 2,000,000 Dinara.

In the 1990 currency reform, 1 new Dinar was exchanged for 10,000 old Dinara.

In the 1992 currency reform, 1 new Dinar was exchanged for 10 old Dinara.
The highest denomination in 1992 was 50,000 Dinara. By 1993, it was 10,000,000,000 Dinara.

In the 1993 currency reform, 1 new Dinar was exchanged for 1,000,000 old Dinara. But before the year was over, the highest denomination was 500,000,000,000 Dinara.

In the 1994 currency reform, 1 new Dinar was exchanged for 1,000,000,000 old Dinara.

In another currency reform a month later, 1 Novi Dinar was exchanged for 12,000,000 Dinara.

The overall impact of hyperinflation: 1 Novi Dinar = 1,200,000,000,000,000,000,000,000,000 pre 1990 Dinara.

 

 

 

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