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| Issuer | Narodna Banka Republike Srpske Krajine (People's Bank of the Republic of Serbian Krajina) |
|---|---|
| Year | 1994 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 139 × 66 mm |
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| Obverse description | Printed in rose-red and grey on white paper, the obverse centres on a grey-toned vignette of the Knin Fortress, set against a guilloche underprint of interlocking rosettes and wave patterns in red. A floral guilloche rosette occupies the left margin, with the denomination numeral 10000000 in dark ink at lower left and a second numeral within a red guilloche oval at lower centre-right. The issuing authority НАРОДНА БАНКА РЕПУБЛИКЕ СРПСКЕ КРАЈИНЕ appears at the top in Cyrillic, with the governor's signature and the place-date КНИН 1994 at lower right, and the denomination in Cyrillic script running vertically along the right border. |
|---|---|
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| Reverse description | Printed entirely in rose-red on white paper, the reverse is dominated by the Serbian double-headed eagle coat of arms at centre, rendered in outline against a radiating guilloche background. Large interlocking guilloche rosettes fill the lower portion of the field, with the denomination numeral 10000000 appearing both within a cartouche at lower left and in plain numerals at lower right. The bank name NARODNA BANKA REPUBLIKE SRPSKE KRAJINE is inscribed at the top in Latin script, with the serial number and place-date KNIN 1994 at lower left, the denomination in Latin script running vertically along the left border, and the anti-counterfeiting legend at the bottom. |
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| Comments |
The Republic of Serbian Krajina was an unrecognized breakaway state carved from Croatian territory during the Yugoslav wars, and its currency reflected that precariousness. By 1994, hyperinflation had rendered denominations of this magnitude nearly worthless within weeks of issue — the same trajectory that had already destroyed the Federal Republic of Yugoslavia's dinar and would soon force Serbia's own emergency redenomination.
ZIN in Belgrade printed this series, which tells you something about where real authority over the Krajina's monetary apparatus actually resided. The RSK ceased to exist in August 1995 when Croatian forces overran the territory in Operation Storm.