Serbian Dinar

In Serbia, the official currency is the Serbian dinar (RSD). One RSD is made up of 100 paras, and coins come in denominations of 1, 2, 5, 10, 20 and 50 paras, as well as 1, 2 and 5 dinars. Banknotes come in denominations of 10, 20, 50, 100, 200, 500 and 1,000 dinars. The Serbian dinar is pegged to the euro at a rate of 1 EUR = 118.946 RSD. The Serbian dinar was first introduced in 1868, replacing the Austrian krone at a rate of 1 dinar = 2 kronen. In 1882, the Serbian dinar was pegged to the French franc at a rate of 1 dinar = 4.5 francs. After World War I, the Serbian dinar was reintroduced at a rate of 1 dinar = 10,000 Austro-Hungarian kronen. Between 1918 and 1922, the Serbian dinar was the official currency of the Kingdom of Serbs, Croats and Slovenes (which would later be renamed Yugoslavia). In 1941, following the Axis invasion of Yugoslavia, the Serbian dinar was replaced by the German Reichsmark. After the war, the dinar was reintroduced at a rate of 1 dinar = 100,000,000,000,000,000 pre-war dinars. In 1992, following the breakup of Yugoslavia, the Serbian dinar was introduced in the Federal Republic of Yugoslavia (which consisted of Serbia and Montenegro). In 2003, the dinar was replaced by the euro in Montenegro, but remained the currency in Serbia. In 2006, Montenegro gained independence from Serbia, and the Montenegrin dinar was introduced. The Serbian dinar remains the official currency in Serbia.