1 Novi Dinar small, with eagle

The novi dinar was introduced in January 1994 as Yugoslavia — by then reduced to Serbia and Montenegro — attempted to arrest a hyperinflation that had briefly produced the largest denomination banknote in history: the 500 billion dinar note. Economist Dragoslav Avramović's stabilization program pegged the new currency to the Deutschmark at parity, and for roughly two years it held. This coin belongs to the subsequent series issued after that peg collapsed and Avramović was dismissed in 1996.

The series ran until NATO bombing in 1999 effectively ended normal economic life in the Federal Republic.