50 000 000 Dinara

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.