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| Issuer | Narodna Banka Jugoslavije (National Bank of Yugoslavia) |
|---|---|
| Year | 1993 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | НАРОДНА БАНКА ЈУГОСЛАВИЈЕ NARODNA BANKA JUGOSLAVIJE 5000000000 ДИНАРА – DINARA ФАЛСИФИКОВАЊЕ СЕ КАЖЊАВА ПО ЗАКОНУ D. ANDRIĆ FEC. N. HRVANOVIĆ – D. ANDRIĆ S.C. |
| Reverse description | The central vignette presents an intaglio view of Vraćevšnica Monastery, a medieval Serbian Orthodox church rendered in fine line engraving with surrounding trees and auxiliary monastery buildings, set against a yellow-orange guilloche background. The denomination 5000000000 is repeated in large numerals across the lower centre, with the full written value ПЕТ МИЛИЈАРДИ ДИНАРА / PET MILIJARDI DINARA inscribed beneath. A red denomination cartouche appears at upper left, the country name ЈУГОСЛАВИЈА / JUGOSLAVIJA is at upper right, and the place and date БЕОГРАД 1993. BEOGRAD together with the Deputy Governor's signature appear at lower left. |
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| Comments |
Yugoslavia's hyperinflation of 1993 remains one of the worst on record — peak monthly inflation reached approximately 313 million percent in January 1994, and the 5 billion dinar note was not an endpoint but a waystation. Denominations climbed through twelve zeroes before the dinar was replaced by the novi dinar in January 1994 at a conversion rate of one novi dinar to one billion old ones.
ZIN's engravers — Hrvanović and Andrić on the obverse, Hlasni and Perić on the reverse — were producing plates for notes that became worthless faster than they could be printed and distributed. Security features like watermarking were retained throughout the crisis, a formality that spoke to institutional inertia more than any practical anti-counterfeiting concern.