500 Dinara

Democratic Federal Yugoslavia — Tito's provisional wartime government — had the notes of this series printed in Moscow before the war had even ended, relying on Soviet state printing facilities while Yugoslavia itself remained under occupation or contested control. The arrangement was straightforwardly political: the exiled royal government in London had its own currency claims, and printing in Moscow was an unambiguous declaration of which postwar order these notes belonged to.

Đorđe Andrejević Kun, a Jewish-Yugoslav artist who survived the war, designed the series. The notes entered circulation in late 1944 as partisan forces and the Red Army swept through the country, making this issue one of the shortest-lived in Yugoslav monetary history — superseded within months by the 1945 National Bank series.