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10 Novih Dinara
| Issuer | Narodna Banka Jugoslavije (National Bank of Yugoslavia) |
|---|---|
| Year | 1994 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | НАРОДНА БАНКА ЈУГОСЛАВИЈЕ ДЕСЕТ НОВИХ ДИНАРА ДЕСЕТ НОВИХ ДИНАРА Петар II Петровић Његош 1813–1851 ФАЛСИФИКОВАЊЕ СЕ КАЖЊАВА ПО ЗАКОНУ Д. АНДРИЋ - Д. ПЕТРОВИЋ ФЕЦ. А. ДИМИТРИЈЕВИЋ СЦ. |
| Reverse description | The central vignette presents an intaglio view of the Cetinje Monastery (Цетињски манастир), the historic Orthodox monastery in Montenegro, rendered in fine line engraving in reddish-brown tones against a pale guilloche background. The inscription ЦЕТИЊСКИ МАНАСТИР appears above the architectural scene, with СР ЈУГОСЛАВИЈА at upper right and the denomination ДЕСЕТ НОВИХ ДИНАРА below the vignette. To the left, two facsimile signatures appear above the date БЕОГРАД 3. март 1994., with the large numeral '10' at lower left and the counterfeit warning legend along the left vertical margin. |
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| Comments |
The 10 Novih Dinara belongs to the brief monetary reset introduced in January 1994, when Yugoslavia's central bank redenominated at a rate of 1 novi dinar to 1,000,000 dinara following one of the most severe hyperinflationary episodes ever recorded — monthly inflation had peaked at over 300 million percent in January of that same year. The reform was engineered alongside economist Dragoslav Avramović, whose stabilization program briefly arrested the collapse before unraveling within a year.
ZIN had been printing currency under increasingly impossible conditions throughout the crisis, running presses around the clock to produce notes that lost value before distribution. This particular denomination, at the low end of the novi dinar series, would have had negligible purchasing power almost immediately after issue.