1 Dinar

The Kingdom of Serbs, Croats and Slovenes had existed for barely a year when this note was issued, and the Ministry of Finance was still improvising — relying on the Banque de France to produce currency while domestic printing infrastructure was either destroyed or still tied to the old Serbian state apparatus. The 1 Dinar of 1919 is a product of that gap between political proclamation and administrative reality.

Pick #12 is frequently confused with the earlier Serbian wartime issues, and the transition-period exchange rates that accompanied its release made small denominations like this one heavily circulated and, consequently, difficult to find in solid condition.