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500 000 Dinara

Issuer Narodna Banka Republike Srpske Krajine
Year 1994
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Size 139 × 66 mm
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Reverse description Blue-gray on light underprint, centred on the Serbian double-headed eagle coat of arms rendered against an elaborate radiating guilloche background. Denomination numerals '500000' appear within guilloche rosettes at lower left and lower right, with the issuing authority legend 'НАРОДНА БАНКА РЕПУБЛИКЕ СРПСКЕ КРАЈИНЕ' across the top and the anti-counterfeiting warning 'FALSIFIKOVANJE SE KAŽNJAVA PO ZAKONU' along the lower margin.
Reverse lettering НАРОДНА БАНКА РЕПУБЛИКЕ СРПСКЕ КРАЈИНЕ
PET STOTINA HILJADA DINARA
FALSIFIKOVANJE SE KAŽNJAVA PO ZAKONU
KNIN 1994.
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Comments

The Republika Srpska Krajina — the Serb-controlled enclave carved out of Croatia during the 1991–1995 war — never achieved international recognition, and its banking infrastructure existed almost entirely on paper. This denomination was part of a hyperinflationary spiral that made the notes effectively worthless within weeks of issue; the 500,000 dinar face value was a direct consequence of Yugoslavia's broader monetary collapse, which the RSK's economy was too small and too isolated to insulate itself from.

ZIN in Belgrade printed the series, which tells you something about where the real institutional support for the RSK lay. After Operation Storm in August 1995, the entity ceased to exist entirely.

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