500 Hrvatskih Dinara Litokarton, Osijek

This is not a banknote in any conventional sense. Litokarton was a printing and cardboard manufacturing firm in Osijek, and this 500-dinar piece is a privately issued voucher or scrip token — the kind of instrument that appeared across the former Yugoslav successor states in the early 1990s when the Croatian dinar was being introduced and hard currency of any reliable denomination was difficult to obtain or distribute quickly enough for local commercial needs.

Vladimir Velki's signature as the authorizing signatory places institutional accountability on the issuer, but Litokarton had no banking license. The legal basis for such scrip was never firmly established under Croatian law, which makes surviving examples genuinely marginal documents — neither banknotes nor purely ephemeral.