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100 Dinara

Issuer Privilegovana Narodna Banka Kraljevine Srbije (Privileged National Bank of the Kingdom of Serbia)
Year 1905
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Size 170 × 100 mm
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Obverse description A seated allegorical female figure representing Serbia occupies the right portion of the note in intaglio, her right arm raised and left hand holding a staff, rendered in blue against a warm ochre underprint. A detailed vignette of Belgrade with sailboats on the Sava or Danube river forms the central background vignette. The note bears two manuscript signatures below the central text block, with ornate guilloche borders and Celtic-style knotwork framing the entire composition.
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Variants P#12a - without yellow lozenge printing thick paper
P#12b - yellow lozenge printing
P#12c - without yellow lozenge printing thin paper
Comments

The Banque de France produced relatively few foreign commissions, and the Serbian series of the early 1900s ranks among the finer examples of that work. Florian's intaglio engraving is characteristic of the Paris school — precise without being cold — and Duval's layout reflects the same compositional conventions applied to contemporary French state issues.

P#12 was printed against a backdrop of acute political tension in Belgrade: the 1903 May Coup had wiped out the Obrenović dynasty just two years prior, and the newly restored Karađorđević regime was actively rebuilding institutional credibility, including that of the Privilegovana Narodna Banka. A high-denomination note of polished foreign manufacture served that project well.

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