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500 000 000 Dinara

Issuer Narodna Banka Republike Srpske Krajine (National Bank of the Republic of Serbian Krajina)
Year 1993
Type Standard circulation banknote
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Reverse description A stone vignette of Knin Fortress occupies the central field, rendered in intaglio over a fine guilloche underprint in olive and teal tones. The bank title in Cyrillic script is set at upper center, with the denomination numeral in a guilloche cartouche at upper right and repeated in two further guilloche rosettes at lower left and lower center. A Governor's manuscript signature appears at lower right beneath the title ГУВЕРНЕР, with the place and date КНИН 1993 below, and the vertical denomination legend in Cyrillic along the right border.
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Protection type Watermark
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Comments

The Republic of Serbian Krajina was a breakaway Serb-controlled territory within Croatia, unrecognized internationally and economically dependent on Belgrade throughout its brief existence. Its banknotes were printed by ZIN in Belgrade — making the institutional fiction of a separate "National Bank" essentially administrative. By 1993, hyperinflation had overtaken the entire former Yugoslav space so rapidly that a denomination of 500 million dinara was already inadequate within weeks of printing.

The Krajina itself ceased to exist in August 1995 when Croatian forces retook the territory in Operation Storm, rendering the entire currency series obsolete overnight.

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