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5 Banica
| Issuer | Hrvatska Banka |
|---|---|
| Year | 1990 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | REPUBLIKA HRVATSKA 30. SVIBNJA 1990. 1910. PET BANICA 5 PENKALO KRIVOTVORENJE SE KAŽNJAVA PO ZAKONU |
| Reverse description | Portrait of Slavoljub Eduard Penkala (1871–1922) occupies the left field against a fine guilloche underprint, with the serial number printed vertically at far left. The central area carries the large numeral 5 and the BANICA inscription over layered guilloche rosettes, flanked on the right by three Croatian regional coats of arms within an interlaced knotwork border. |
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| Comments |
Hrvatska Banka was the short-lived republican bank established by Croatia in the lead-up to its declaration of independence from Yugoslavia. This 5 Banica note belongs to a transitional issue of 1990 — the banica being a subdivision of the Croatian dinar, itself a currency that existed only briefly before being replaced by the kuna in 1994.
Printed in Zagreb rather than through the Yugoslav federal system, the issue was a deliberate assertion of economic separation. The banica denominations saw almost no meaningful circulation; the inflationary environment of early post-Yugoslav Croatia made small-denomination paper effectively worthless within months of issue.