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500 000 000 Dinara

Issuer Narodna Banka Republike Srpske (National Bank of Republika Srpska)
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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Obverse description Brown-violet and grayish green on pale olive-brown underprint, with a vignette of Petar Kočić at left against an intricate guilloche background. The issuer's name in Cyrillic script appears across the top, with the denomination stated along the left margin. A guilloche rosette with the numeral value is integrated into the underprint design.
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Protection type Watermark
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Comments

By the time this note was authorized, inflation in Republika Srpska had become effectively unmeasurable in practical terms. The half-billion dinar denomination — unthinkable even a year earlier — was a wartime expedient issued by a central bank with no functioning monetary anchor and a currency whose relationship to the Yugoslav dinar was increasingly fictional. ZIN in Belgrade printed for multiple successor-state authorities simultaneously during this period, a logistical arrangement that said much about where real institutional power still resided.

The watermark is the sole security feature, which was largely academic given the pace at which denominations were being superseded.

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