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50 000 000 Dinara

Issuer Narodna Banka Jugoslavije (National Bank of Yugoslavia)
Year 1993
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Printer Serbian state printer (ZIN - Zavod za izradu novčanica i kovanog novca), Beograd, Serbia (1929-date)
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Reverse description Central intaglio vignette of the Belgrade Telephone Exchange building rendered in fine architectural detail, set against a radiating guilloche sunburst background in orange and red tones. The large denomination numeral "50000000" appears to the lower right, with bilingual Cyrillic and Latin issuer inscriptions at left identifying the National Bank of Yugoslavia and the place of issue. Engravers' credits "S. HLASNI – T. PERIĆ G.G." are inscribed at the lower right.
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Protection type Watermark
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Comments

Yugoslavia's hyperinflation of 1992–94 was among the worst ever recorded, eventually reaching a monthly rate that briefly exceeded even Weimar Germany's peak. This 50,000,000 dinar note was issued in 1993, a year when the National Bank was printing denominations that became worthless almost before the ink dried — the series escalated through hundreds of millions and eventually into billions and trillions within months.

ZIN had been producing Yugoslav currency since the interwar period and remained the sole domestic printer throughout the collapse, absorbing production demands that required near-continuous press runs. The watermark security feature was retained largely out of institutional habit; by mid-1993, counterfeiting was economically pointless.

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