500 Šibenskih Bagatina

Šibenik's 2013 local currency note is one of the more self-conscious exercises in municipal numismatics to emerge from Croatia. The bagatina — a historical Dalmatian small coin — was revived here as the unit for a local complementary currency scheme, the kind of community-exchange experiment that gained traction across southern Europe in the years following the eurozone crisis. Whether it ever achieved meaningful circulation beyond novelty use is debatable.

Tocigil's design work was produced locally, which is consistent with the overtly civic nature of the project. The watermark is a modest security gesture for what is essentially a municipally-backed voucher rather than a central bank instrument.