100 Lir Yugoslav partisans; second issue

The Denarni Zavod Slovenije was established in 1944 by the Liberation Front as the financial arm of the Slovenian partisan administration — a deliberate act of parallel state-building while German and Italian occupation forces still held physical control over much of the territory. That this second issue was printed at the Serbian state printing works in Belgrade is striking: it places production in territory the partisans did not yet formally govern, suggesting the ZIN facility was operating under Yugoslav National Liberation Army authority by the time these notes were struck.

The "second issue" designation matters to collectors because the two series share denomination and issuer but differ in serial formatting and paper stock. Distinguishing them requires close attention to the numbering block.