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10 Novih Dinara
| Issuer | Narodna Banka Jugoslavije (National Bank of Yugoslavia) |
|---|---|
| Year | 1994 |
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| Composition | Log in to see details |
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| Printer | Serbian state printer (ZIN - Zavod za izradu novčanica i kovanog novca), Beograd, Serbia (1929-date) |
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| Reverse lettering | ЦЕТИЊСКИ МАНАСТИР СР ЈУГОСЛАВИЈА ДЕСЕТ НОВИХ ДИНАРА ЗАМЕНИК ГУВЕРНЕРА – ГУВЕРНЕР БЕОГРАД 3. март 1994. ФАЛСИФИКОВАЊЕ СЕ КАЖЊАВА ПО ЗАКОНУ НАРОДНА БАНКА ЈУГОСЛАВИЈЕ - ЗАВОД ЗА ИЗРАДУ НОВЧАНИЦА И КОВАНОГ НОВЦА - БЕОГРАД С. ХЛАСНИ - Т. ПЕРИЋ КГ |
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| Protection type | Watermark, Security thread |
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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.