Value of 500000000 Yugoslavia dinara 1993?

Answer 1

1992 Dinars are old Dinars and 13 million of them = 1 New Dinar. New Dinars were introduced in 1994 and were pegged 1:1 with the Deutsche Mark. The rate of exchange for the previous dinar was, and still is, 1 Deutsche Mark (and hence 1 New Dinar) to about 13 million old Dinars. See the link below. This is straight from the Consul of Belgrade:

Thank you for writing. I'm surprised they wouldn't have told you themselves what I am about to tell you. Yugoslav dinars from the mid-1990s are no longer legal tender. There have been several revaluations of the dinar since 1993. Further, the country has been politically redivided several times. The current currency is the Serbian dinar. The euro is used in Montenegro and Kosovo, though they are not part of the official euro zone. Bank notes from 1993 are no longer legal tender and the timeframe to exchange them expired sometime in the 1990s. Because of the curiosity of the huge numbers, you can often find street vendors in Belgrade selling old notes like this as sort of historical novelty items. Here is a bit of interesting information about dinars of that era from Wikipedia. 1993 dinar A 500,000,000,000 (500 billion) Yugoslav dinar banknote circa 1993, the largest nominal value ever officially printed in Yugoslavia, the final result of hyperinflation. Photo courtesy of National Bank of Serbia (www.nbs.rs) Banknotes for this currency were issued in denominations of 5000, 10,000, 50,000, 500,000, 1 million, 5 million, 50 million, 500 million, 5 billion, 50 billion and 500 billion. The unusual sequence of denominations was caused by the hyperinflation Yugoslavia was suffering from. [edit] 1994 dinar In January, 1994, notes were issued for 10, 100, 1000, 5000, 50,000, 500,000 and 10 million dinara. They circulated for just a few weeks before the currency was abandoned in favour of the novi dinar. [edit] Novi dinar On January 24, 1994, notes were introduced for 1, 5 and 10 novih dinara. A second series of notes was introduced later in the year for 5, 10 and 20 novih dinara, with 50 and 100 novih dinara notes added in 1996. In 2000, new notes without the word "novih" were issued in denominations of 10, 20, 50 and 100 dinara. 200 and 1000 dinara notes were introduced in 2001, followed by 5000 dinara in 2002. Regards, Nikolas Trendowski Second Secretary and Consul Embassy of the United States of America Belgrade, Serbia This message is unclassified as defined by E.O. 12958.

Answer 2

1993 Dinars are old Dinars and 13 million of them = 1 New Dinar. New Dinars were introduced in 1994 and were pegged 1:1 with the Deutsche Mark. The rate of exchange for the previous dinar was, and still is, 1 Deutsche Mark (and hence 1 New Dinar) to about 13 million old Dinars. See the link below. This is straight from the Consul of Belgrade:

Thank you for writing. I'm surprised they wouldn't have told you themselves what I am about to tell you. Yugoslav dinars from the mid-1990s are no longer legal tender. There have been several revaluations of the dinar since 1993. Further, the country has been politically redivided several times. The current currency is the Serbian dinar. The euro is used in Montenegro and Kosovo, though they are not part of the official euro zone. Bank notes from 1993 are no longer legal tender and the timeframe to exchange them expired sometime in the 1990s. Because of the curiosity of the huge numbers, you can often find street vendors in Belgrade selling old notes like this as sort of historical novelty items. Here is a bit of interesting information about dinars of that era from Wikipedia. 1993 dinar A 500,000,000,000 (500 billion) Yugoslav dinar banknote circa 1993, the largest nominal value ever officially printed in Yugoslavia, the final result of hyperinflation. Photo courtesy of National Bank of Serbia (www.nbs.rs) Banknotes for this currency were issued in denominations of 5000, 10,000, 50,000, 500,000, 1 million, 5 million, 50 million, 500 million, 5 billion, 50 billion and 500 billion. The unusual sequence of denominations was caused by the hyperinflation Yugoslavia was suffering from. [edit] 1994 dinar In January, 1994, notes were issued for 10, 100, 1000, 5000, 50,000, 500,000 and 10 million dinara. They circulated for just a few weeks before the currency was abandoned in favour of the novi dinar. [edit] Novi dinar On January 24, 1994, notes were introduced for 1, 5 and 10 novih dinara. A second series of notes was introduced later in the year for 5, 10 and 20 novih dinara, with 50 and 100 novih dinara notes added in 1996. In 2000, new notes without the word "novih" were issued in denominations of 10, 20, 50 and 100 dinara. 200 and 1000 dinara notes were introduced in 2001, followed by 5000 dinara in 2002. Regards, Nikolas Trendowski Second Secretary and Consul Embassy of the United States of America Belgrade, Serbia This message is unclassified as defined by E.O. 12958.

Answer 3

1992 Dinars are old Dinars and 13 million of them = 1 New Dinar. New Dinars were introduced in 1994 and were pegged 1:1 with the Deutsche Mark. The rate of exchange for the previous dinar was, and still is, 1 Deutsche Mark (and hence 1 New Dinar) to about 13 million old Dinars. See the link below.

Answer 4

*This may be either a 50 billion (5 x 1010) bill, or the larger 500 billion (5 x 1011) bill.

As currency, it is officially worthless after the 2006 dissolution of the union of Serbia and Montenegro. As a collector's item, it has little value because so many were produced. The large denominations (billions of dinars) represented the futile printing of paper money in an effort to maintain a usable national currency, which is inevitably self-defeating. Hyperinflation destroys the value of unbacked paper money as soon as it is issued. This also happened with the Weimar currency in Germany (1923), and in Zimbabwe (2004-2009). Zimbabwe holds the current record for biggest banknotes, 100 trillion dollars (1 x 1014).

The Yugoslavia and Zimbabwe bills were sold on Ebay for essentially the cost of postage plus a dollar or two.

Answer 5

Not much at all. During 1993 Yugoslavia was going through a period of hyperinflation and so a single dinar (or even billions of dinars) are nearly worthless, except as a curiosity. It would be worth a couple of cents if circulated or a dollar or two if uncirculated purely as a curiosity.

Answer 6

Me to have the 1993 Yugoslavija dinar. Can i change in Indonesian rupiah? Where place?