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| 正面描述 | Portrait of a young boy at left, rendered in intaglio over a pink and violet guilloche underprint. At centre, the monogram seal of the National Bank of Yugoslavia is set within an elaborate circular guilloche vignette, below which the denomination numeral "500" appears in large bold letterpress, with the bilingual inscription "ДИНАРА – DINARA" beneath. The bank name appears in both Cyrillic and Latin scripts at the top, while the denomination "500" is repeated in the upper right corner within a guilloche panel; the anti-counterfeiting warning runs vertically along the right margin. |
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| 正面铭文 | НАРОДНА БАНКА ЈУГОСЛАВИЈЕ NARODNA BANKA JUGOSLAVIJE 500 ДИНАРА - DINARA ФАЛСИФИКОВАЊЕ СЕ КАЖЊАВА ПО ЗАКОНУ D. ANDRIĆ FEC. N. HRVANOVIĆ FEC. N. HRVANOVIĆ SC. |
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Yugoslavia's hyperinflation accelerated so rapidly in 1992 that this 500 Dinara note was effectively worthless within weeks of issue. The dinar lost roughly 70% of its value that year alone, with far worse to come — by 1993, Yugoslavia would experience one of the worst hyperinflationary episodes ever recorded, eventually requiring a redenomination that lopped ten zeros off the currency.
Printed domestically at the Belgrade facility, which was under severe pressure producing successive high-denomination notes in rapid succession as the monetary crisis deepened. The watermark security feature was increasingly irrelevant given the speed at which new issues rendered old ones obsolete.