On December 23, 1993, the former Yugoslavia issued a new banknote to keep up with rampant inflation, the 500 billion dinar note.
The Socialist Federal Republic of Yugoslavia (SFR Yugoslavia or SFRY) was the Yugoslav state that existed from its foundation during World War II until its dissolution in 1992 amid the Yugoslav Wars. It was a socialist state and a federation made up of six socialist republics: Bosnia and Herzegovina, Croatia, Macedonia, Montenegro, Serbia, and Slovenia. Serbia, in addition, included two autonomous provinces: Vojvodina and Kosovo. Banknotes
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The Bosnia and Herzegovina dinar was the independent currency of Bosnia and Herzegovina between 1992 and 1998, used in those areas under Bosniak control. No subdivisions were issued.
Bosnia and Herzegovina declared independence from Yugoslavia in March 1992. The first Bosnian dinar was issued in July, 1992, replacing the 1990 version of Yugoslav dinar at the rate of 1 Bosnia dinar = 10 Yugoslav "1990 dinara". Consequently, the Bosnian dinar was at par with the 1992 version of the Yugoslav dinar when it was introduced.
The dinar (Cyrillic script: динар) was the currency of the three Yugoslav states: the Kingdom of Yugoslavia (formerly the Kingdom of Serbs, Croats and Slovenes), the Socialist Federal Republic of Yugoslavia and the Federal Republic of Yugoslavia between 1918 and 2003. The dinar was subdivided into 100 para (Cyrillic script: пара). In the early 1990s, there was severe and prolonged hyperinflation due to a combination of economic mismanagement and criminality. Massive amounts of money were printed; coins became redundant; inflation rates reached the equivalent of 8.51×1029% per year. The highest denomination banknote was 500 billion dinars; it was worthless two weeks after it was printed. This hyperinflation caused five revaluations between 1990 and 1994; in total there were eight distinct dinari. Six of the eight have been given distinguishing names and separate ISO 4217 codes.