200 Dinara 1st coat of arms

The 2005 200 Dinar note arrived during a transitional moment for Serbian state printing — ZIN had spent much of the 1990s producing hyperinflationary emergency issues in enormous quantities, and this relatively stable denomination marked a return to considered production standards. The "1st coat of arms" designation distinguishes it from a later restyled version, the change driven by constitutional revisions following Montenegro's 2006 independence, which formally altered the state arms used on official documents and currency alike.