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500 Dinara

Issuer Republic of Serbian Krajina
Year 1992
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Value 500 Dinars (500 Dinara) (500 YUR)
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Obverse lettering 500 REPUBLIKA SRPSKA KRAJINA 500 PET STOTINA DINARA KNIN 1992. FALSIFIKOVANJE SE KAŽNJAVA PO ZAKONU
(Translation: 500 REPUBLIC OF SERBIAN KRAJINA 500 FIVE HUNDRED DINARS KNIN 1992 FORGERY IS PUNISHED BY LAW)
Reverse description The state arms of the Republic of Serbian Krajina — a double-headed eagle with quartered shield — are positioned at left within a fine guilloche underprint panel, while a large heart-shaped rosette guilloche at centre right encloses the bold denomination numeral '500'. The Minister of Finance designation and place/date inscription appear at lower right, with a vertical anti-forgery legend running along the far right margin.
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The Republic of Serbian Krajina — the self-declared Serb statelet carved from Croatian territory during the 1991–1995 war — never had a functioning central bank in any meaningful sense. Its currency was essentially a political instrument, printed in Belgrade by the same ZIN facility that produced Yugoslav federal notes, and the financial infrastructure of the Krajina was always dependent on Serbia proper. These notes circulated in a territory that international law never recognized and that ceased to exist after Croatia's Operation Storm in August 1995.

Hyperinflation rendered high denominations like this one nearly worthless within months of issue.