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| 正面描述 | Multicolour municipal utility coupon with a vignette of Emperor Constantine at left and a close-up detail of the same bust at right. Red serial number appears at left, with the numeral 100 in the lower left corner as the value indicator. Cyrillic inscriptions identify the issuer as the City of Niš, the coupon's validity period for the fourth quarter of 2002, and the applicable municipal services. |
|---|---|
| 正面铭文 | Сериa И ГРАД НИШ 100 No. 058983 КОМУНАЛНИ БОН зa чeтврти квартал 2002. годинe y вредности oд cтo динара Poк вaжeнja 31. 3. 2003 годинe Дaлјинcкo грejaнje Вoдoвoд и кaнaлизaциja Изношенје смећа 100 cтo динара Император Констанин, IV вeк Пpeдceдник Извршнг oдбора града Ниша Ниш, 1. новембар 2002. Фалcификoванje ce кaжњaвa пo зaкoнy (Translation: Series I City of Nis Municipal Coupon) |
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Niš issued its own municipal scrip in 2002 during the severe liquidity crisis that followed the collapse of the Milošević-era Yugoslav banking system. Municipal and enterprise-level emergency notes appeared across Serbia in this period as local governments and employers struggled to pay workers and suppliers when federal currency simply wasn't moving. This note is a product of that breakdown — local authority filling a gap the central bank wasn't filling.
The watermark is an unusually ambitious security feature for scrip of this type and origin.