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20 Kruna overprint on 5 Dinara

Issuer Ministry of Finance of the Kingdom of Serbs, Croats and Slovenes
Year 1919
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Size 111 × 75 mm
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Obverse lettering МИНИСТАРСТВО ФИНАНСИЈА КРАЉЕВСТВА СРБА, ХРВАТА И СЛОВЕНАЦА
MINISTARSTVO FINANCIJA KRALJEVSTVA SRBA, HRVATA I SLOVENACA
MINISTERSTVO FINANC KRALJEVSTVA SRBOV, HRVATOV IN SLOVENCEV
ДИНАРА
DINARA
МИНИСТАР ФИНАНСОВА
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Variants P#16a - overprint "KPУHA" (correct spelling)
P#16x - overprint "KУPHA" (incorrect spelling)
Comments

When the Kingdom of Serbs, Croats and Slovenes was proclaimed in December 1918, it inherited a monetary patchwork. The former Austro-Hungarian territories used Kruna; Serbia proper used Dinara. This note is a direct artifact of that collision — an existing Serbian 5 Dinara note overstamped to circulate as 20 Kruna, bridging two incompatible systems until a unified currency could be established.

The conversion ratio embedded in the overprint — four Kruna to one Dinar — reflects the exchange rate imposed by Belgrade, a decision bitterly resented in Slovenia and Croatia.

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