20 000 Dinara

Bosnia and Herzegovina issued this note in 1992, the year the republic declared independence and immediately descended into war. The monetary infrastructure collapsed almost simultaneously — the Yugoslav dinar was being abandoned, new parallel currencies were appearing across the fractured region, and whatever printing capacity existed was stretched across urgent, overlapping demands. Notes from this period were often produced on whatever stock was available, and the thin, greasy paper composition of the P#52A is consistent with emergency procurement rather than standard banknote supply chains.

Survival rates for circulated examples are deceptively low given the note's youth — wartime inflation rendered high denominations like this one economically worthless within weeks of issue.