Time Period: 1804-1873
Timeline
- 28.11.1842
- JD:16.11.1842
- Law [No. 105] on the rating of foreign coinage, enlarging decree [No. 4819] of 13.12.1836; effective immediately (?):
- Gold: Ducat = 24 Serbian Tax Piastres, Turkish Mahmudi = 30¾ Serbian Tax Piastres
- Silver: Austrian (Convention) Thaler = 10 Serbian Tax Piastres.
- 12.09.1855
- JD:30.09.1855
- Law [No. 1147] on the rating of foreign coinage; effective immediately (?):
- Gold: Ducat = 28 Serbian Tax Piastres (56 Serbian Trade Piastres), Turkish Mahmudi = 38 Serbian Tax Piastres (76 Serbian Trade Piastres), 20 French Francs = 46 Serbian Tax Piastres (92 Serbian Trade Piastres)
- Silver: Austrian (Convention) Thaler = 12 Serbian Tax Piastres (24 Serbian Trade Piastres), 5 French Francs = 11½ Serbian Tax Piastres (23 Serbian Trade Piastres).
- 01.11.1858
- JD:20.10.1858
- Law [No. 1202] on the rating of the new Austrian coinage; effective immediately (?):
- Gold: Austrian (Union) Crown = 81 Serbian Tax Piastres (192 Serbian Trade Piastres)
- Silver: Austrian Guilder = 57⁄10 Serbian Tax Piastres (114⁄10 Serbian Trade Piastres).
- 27.03.1868
- JD:15.03.1868
- Government decision on the issuance of subsidiary coins of 10, 5, 1 Para (= ¼, ⅛, 1⁄40 Serbian Tax Piastre); issued after February 1869.
Time Period: 1873-1920
Currency: 1st Serbian Dinar
- Transition
- -
- Sub-units
- Dinar / 100 Para
- ISO4217
- none (informal: RSG)
Timeline
- 12.12.1873
- JD:30.11.1873
- Law on the issuance of silver coins of 200, 100, 50 Para (= 5, 2½, 1¼ Serbian Tax Piastres), the coin of 100 Para was referred to as "Dinar"; effective immediately and issued per decree of 02.07.1875 (JD:20.06.1875).
- July 1876
- Production of paper money of 100, 50, 20, 10, 5, 1 Dinar dated JD:01.07.1876; was not issued.
- 22.12.1878
- JD:10.12.1878
- Law on the introduction of the Dinar in the French bimetallic standard; effective immediately (?):
- Transition 42.10 Serbian Dinar = 100 Serbian Tax Piastres (19.80 Serbian Dinar = 100 Serbian Trade Piastres).
- 18.01.1883
- JD:06.01.1883
- Law on the creation of the Privileged National Bank of the Kingdom of Serbia; effective upon constitution of the bank on 14.07.1884 (JD:02.07.1884)
Valuation Regimes
- 1873-1878
- Accounting unit with circulating silver coins.
- 1878-1914
- Metallic currency based on circulating gold and silver coins
- 1914-1920
- Variable rate, convertibility was restricted in August 1914
Rate Arrangements
- 22.12.1878
- Metallic
- Dinar: 290.32mg AU fine & 4'500.00mg AG fine
- 3'100 Dinar to the kilogram gold 0.900 and 200 Dinar to the kilogram silver 0.900 => AU : AG = 15.500
- ??.08.1914
- Variable
- initially: French Franc at 1 : 1
- -
Time Period: 1918-1941
Timeline
- 01.12.1918
- Proclamation of the Kingdom of Serbs, Croats, and Slovenes (after 1929: Yugoslavia)
- 26.01.1920
- Yugoslav law to take over the Serbian institutions (including currency); effective 01.02.1920
Time Period: 1941-1945
Currency: 2nd Serbian Dinar
- Transition
- 1 : 1 Yugoslav Dinar (1920)
- Sub-units
- Dinar / 100 Para
- ISO4217
- none (informal: RSX)
Timeline
- 29.05.1941
- Decree of the German military administration on the liquidation of the Yugoslav National Bank and the establishment of the Serbian National Bank; effective immediately
- 01.07.1941
- Start of currency exchange:
- 01.07.1941: Start of issuance of overprinted banknotes (dated 01.05.1941)
- 10.07.1941: Demonetization of the (not overprinted) pre-1920 Serbian 100 Dinars note
- 04.01.1942: Start of withdrawal of the Yugoslav banknotes and on par exchange into Serbian banknotes (originally planned for 21.11.1941)
- 02.04.1942: End of exchange period and demonetization of the Yugoslav currency.
- 01.07.1942
- German occupation money (issued by Reichskreditkassen) became legal tender
- ??.11.1944
- Liquidation of the Serbian National Bank after the conquest of Belgrade by Yugoslav partizan troops.
Valuation Regimes
- 1941-1945
- Fixed rate against German Reichsmark
Rate Arrangements
- 29.05.1941
- Fixed
- German Reichsmark at 1 : 20
- -
Time Period: 1945-2003
Timeline
- 02.07.1945
- Demonetization of the Serbian occupation currency by the Yugoslav authorities.
Time Period: 2003-
Currency: 3rd Serbian Dinar
- Transition
- 1 : 1 Yugoslav Dinar (1994)
- Sub-units
- Dinar / 100 Para
- ISO4217
- CSD (2003-2006) / RSD (2006-)
Timeline
- 02.07.2003
- Law on the establishment of the National Bank of Serbia as successor to the National Bank of Yugoslavia; effective 19.07.2003
- 29.07.2003
- Adoption [ISO-4217 Amendment No. 119] of the currency code CSD instead of YUM
- 01.09.2003
- Start of currency exchange:
- 01.09.2003: Start of issuance of banknotes and coins by the National Bank of Serbia
- 31.12.2006: Demonetization of the Yugoslav currency.
- 25.10.2006
- Adoption [ISO-4217 Amendment No. 134] of the currency code RSD instead of CSD
Valuation Regimes
Rate Arrangements
- 02.07.2003
- Variable
- initially: US Dollar at 1 : 59.50
- ±0.0%
End-year Forex Rates (Units per US Dollar)
- Year
- Code
- Ratio
- Rate
- Delta
- Comment
- 2003
- CSD
- 1
- 54.29
- ±0.0%
- 2004
- CSD
- 1
- 57.93
- -6.3%
- 2005
- CSD
- 1
- 72.22
- -19.8%
- 2006
- RSD
- 1
- 59.98
- +20.4%
- 2007
- RSD
- 1
- 53.73
- +11.6%
- 2008
- RSD
- 1
- 62.90
- -14.6%
- 2009
- RSD
- 1
- 66.73
- -5.7%
- 2010
- RSD
- 1
- 79.28
- -15.8%
- 2011
- RSD
- 1
- 80.87
- -2.0%
- 2012
- RSD
- 1
- 86.18
- -6.2%
- 2013
- RSD
- 1
- 83.13
- +3.7%
- 2014
- RSD
- 1
- 99.46
- -16.4%
- 2015
- RSD
- 1
- 111.25
- -10.6%
- 2016
- RSD
- 1
- 117.14
- -5.0%
- 2017
- RSD
- 1
- 99.12
- +18.2%
- 2018
- RSD
- 1
- 103.39
- -4.1%
- 2019
- RSD
- 1
- 104.92
- -1.5%
- 2020
- RSD
- 1
- 95.66
- +9.7%
- 2021
- RSD
- 1
- 103.93
- -8.0%
- 2022
- RSD
- 1
- 110.15
- -5.7%
- 2023
- RSD
- 1
- 105.87
- +4.0%
- 2024
- RSD
- 1
- 112.44
- -5.8%