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 = 5710 Serbian Tax Piastres (11410 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, 140 Serbian Tax Piastre); issued after February 1869.


Time Period: 1873-1920

Currency: 1st Serbian Dinar


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


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


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

  • 2003-
  • Variable rate

Rate Arrangements

  • 02.07.2003
  • Variable
  • initially: US Dollar at 1 : 59.50
  • ±0.0%


End-year Forex Rates (Units per US Dollar)