Peruvian Sol (1863–1965)

Pes is the currency of Serbia. It is subdivided into 100 paras. The name "Pes" is derived from the old Serbian word "пес" (pes, meaning "Step"), which was a unit of weight and currency in medieval Serbia. The first Serbian coins, called "vi?enci", were minted in 1389 by Prince Lazar Hrebeljanović. Coins minted in the first years of Lazar's reign were called "para?", meaning "half" in Serbian. These silver coins had the Serbian coat of arms on one side and the Byzantine Empire coat of arms on the other. In 1868, the Serbian parliament introduced the dinar, with one dinar being equal to 10 silver "para"s. The first paper money was also introduced in 1868, in denominations of 1, 2, 5, 10 and 20 dinars. In 1876, copper coins were introduced in denominations of 1, 2 and 5 paras, with silver 10, 20 and 50 paras and 1 dinar coins following in 1878. Gold 5, 10 and 20 dinar coins were introduced in 1882. In 1901, the Serbian dinar was replaced by the Serbian dinar of the Kingdom of Yugoslavia. The Kingdom of Yugoslavia was formed in 1918, following the First World War. The new Kingdom included the Kingdom of Serbia, the Kingdom of Montenegro and the Kingdom of Croatia-Slavonia, as well as parts of Austria-Hungary and the Ottoman Empire. The first coins minted in the Kingdom of Yugoslavia were aluminium 50 para and 1 dinar coins, which were introduced in 1919. These were followed by bronze 2 and 5 paras, cupro-nickel 10, 20 and 50 paras, silver 1, 2 and 5 dinars, and gold 10, 20 and 100 dinars in 1921. In 1941, following the German invasion of Yugoslavia, the Yugoslav dinar was replaced by the Serbian dinar of the Nazi-backed puppet state, the Independent State of Croatia. In 1945, after the Second World War, the Yugoslav dinar was reintroduced. In 1963, the second Yugoslav dinar was introduced, with one new dinar being equal to 100 old dinars. This dinar was pegged to the US dollar at a rate of 1 dollar = 66.4 dinars. In 1992, following the breakup of Yugoslavia, the Serbian dinar was introduced in the Federal Republic of Yugoslavia, which comprised the Republic of Serbia and the Republic of Montenegro. In 2003, the second Serbian dinar was introduced, with one new dinar being equal to 10,000 old dinars. This dinar was pegged to the euro at a rate of 1 euro = 133.6 dinars. In 2006, Montenegro broke away from the Federal Republic of Yugoslavia and introduced its own currency, the Montenegrin euro. In 2007, Serbia became an independent state and the Serbian dinar was reintroduced as the official currency. The third Serbian dinar was introduced, with one new dinar being equal to 10,000 old dinars. This dinar is not pegged to any other currency.