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Serbian dinar

Serbian dinar
Srpski dinar (Serbian)
1dinar.jpg
1 dinar coin
ISO 4217
Code RSD
Denominations
Subunit
 1/100 para (defunct),cent (2016.)
Plural The language(s) of this currency belong(s) to the Slavic languages. There is more than one way to construct plural forms.
Symbol din
Banknotes
 Freq. used 10 din, 20 din, 50 din, 100 din, 200 din, 500 din, 1000 din, 2000 din
 Rarely used 5000 din
Coins
 Freq. used 1 din, 2 din, 5 din, 10 din, 20 din
Demographics
User(s)  Serbia (except  Kosovo)
Issuance
Central bank National Bank of Serbia
 Website www.nbs.rs
Printer Institute for Manufacturing Banknotes and Coins - Topčider
 Website www.zin.rs/en
Mint Institute for Manufacturing Banknotes and Coins - Topčider
 Website www.zin.rs/en
Valuation
Inflation 0.9%
 Source (October 2016)

The dinar (sr.(dinar); pronounced [dînaːr]; paucal: dinara / динара) is the currency of Serbia. The earliest use of the dinar dates back to 1214.

The first mention of a "Serbian dinar" dates back to the reign of Stefan Nemanjić in 1214. Until the fall of Despot Stjepan Tomašević in 1459, most of the Serbian rulers minted silver dinar coins. The first Serbian dinars, like many other south-European coins, replicated Venetian grosso, including characters in Latin (the word 'Dux' replaced with the word 'Rex'). For many years it was one of the main export articles of medieval Serbia, considering the relative abundance of silver coming from Serbian mines. Venetians were weary of this, and Dante Alighieri went so far as to put the Serbian king of his time, Stephen Uroš II Milutin of Serbia, in Hell as forgerer (along with his Portuguese and Norwegian counterparts):

Following the Ottoman conquest, different foreign currencies were used up to the mid 19th century. The Ottomans operated coin mints in Novo Brdo, Kučajna and Belgrade. The subdivision of the dinar, the para, is named after the Turkish silver coins of the same name (from the Persian پاره pāra, "money, coin"). After the Principality of Serbia was formally established (1817) there were many different foreign coins in circulation. Eventually, Prince Miloš Obrenović decided to introduce some order by establishing exchange rates based on the groat (Serbian groš, French and English piastre, Turkish kuruş) as money of account. In 1819 Miloš published a table rating 43 different foreign coins: 10 gold, 28 silver, and 5 copper.


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