20 Dinara SFR legend

The 1963 Yugoslav coinage reform accompanied the redenomination that replaced the old dinar at a rate of 100:1, an attempt to stabilize a currency that had been eroded by postwar inflation and the economic disruption following Tito's break with Stalin in 1948. This 20-dinar piece belongs to the first series issued under the new parity, before Yugoslavia's experiment with market socialism began generating its own inflationary pressures in the late 1960s.

The "SFR" legend distinguishes this type from the earlier "FNR" issues — the change from Federativna Narodna Republika to Socijalistička Federativna Republika was made official by the 1963 constitution.