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25 Dinara

Issuer Narodna Banka Kraljevine Jugoslavije
Year 1943
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Reference(s) P#35C
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Obverse lettering КРАЉЕВИНЕ ЈУГОСЛАВИЈЕ
ЗА НАДЗОРНИ ВЛАСТ МИНИСТАР ФИНАНСИЈА
ГУВЕРНЕР НАРОДНЕ БАНКЕ
ПЛАЋА ДОНОСИОЦУ
ДВАДЕСЕТ ПЕТ ДИНАРА
25
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Reverse lettering DVADESET PET DINARA
25
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This note was issued under German occupation by a nominally functioning central bank — the Narodna Banka Kraljevine Jugoslavije continued to operate in name during the war, providing the occupiers with a veneer of institutional continuity while the Axis administered the territory. The 1943 series circulated alongside notes issued by competing puppet authorities, creating a fragmented monetary environment that significantly undermined purchasing power.

Pick #35C is a signature variety within the broader 35 series. The suffix distinctions are often underappreciated — different signing officials reflect the revolving door of wartime appointees rather than a simple sequential print run.