500 000 000 Dinara

By the time this note entered circulation in 1993, Yugoslavia's hyperinflation had become one of the most severe ever recorded — eventually reaching a monthly rate exceeding 300 million percent at its peak in January 1994. The 500 million dinar denomination, extraordinary by any peacetime measure, was itself obsolete within weeks of issue as the government repeatedly redenominated, each time slicing zeros that the presses had barely finished printing.

ZIN had been producing Yugoslav banknotes since the interwar period and remained operational through the entire collapse, turning out progressively larger denominations on the same Belgrade presses. Medecijan and Obradović both contributed engraving work across multiple notes in this late hyperinflationary series.