Notes Of The Hard Dinar, The Lord Of The Current: 500 Dinara (Yugoslavia, 1970)-Article

Updated: Mar 13

This large Yugoslavian banknote represents the 6th denomination of the “Hard Dinar" (Series 1968).The Hard Dinar represented the first post-WWII attempt to re-stabilized the Yugoslavian Dinar. By standardizing exchange rates between the Yugoslavian Dinar and foreign hard currency. Although despite this, it's history was plagued by a number of political events.


The first being the Nixon Shock (1971), which lead to the "Hard Dinar to de-peg from the US Dollar. Followed the 1980 death of Marshal Josip Tito (1892 -1980), further worsening the political and economic situation. On 1 January 1990, the the Convertible Dinar replaced the Hard Dinar.


Observe

The observe features the Statue of Nikola Tesla, in Niagara Falls State Park (New York, USA). Serbian-American inventor Nikola Tesla is buried at the Nikola Tesla Museum in Belgrade, Serbia. This is the first and only appearance of this image. Unlike the 5, 10, and 50 Dinara denomination of the 1968-85 series. Which feature lighten artwork and have been redenominated by a factor of 100 to 1. From the previous Federation Dinar (1963).


Besides the portrait is the 1963 Emblem of SFR Yugoslavia, featuring 6 torches. These torches are a metaphor for the 6 republics of SFR Yugoslavia. Printed above is multilingual text in Serbian, Slovenian, and Macedonia. All which translates to "National Bank of Yugoslavia".


Below is a large number "500" and quad text, which is read in combination with the number "500". Moving first to last the text alternates from Serbian, Croatian, Slovenia, and Macedonia. Thus repeating the note's 500 Dinara face value, in all major national languages.


The text below the number "500" states this note was printed in 1970, in the city of Belgrade (Beograd). Besides this are signatures, representing the Bank Governor and Deputy Governor. The note's red inked serial number can easily be seen further below, it reads "DE 994391".


At the footer is fine text, it reads "Zavod Za Izradu Novčanica-Beograd". Representing the note's printer (ZIN), which was headquartered in Belgrade. ZIN was the printer all banknotes, issued by the National Bank of Yugoslavia.


Reverse

The reverse features a large number "500", representing the note's 500 Dinar value. Surrounding it is a ring of text, referencing all six constitute republics of the Socialist Federal Republic of Yugoslavia. The names of the republics are given in various forms, in Latin and Cyrillic script. Surrounding this text are figures holding hands, representing the people of Yugoslavia.


To the left and right are guilloché pattern wings. These list the note's "Five Hundred Dinara" value in Serbian, Croatian, Slovenian, and Macedonian. Which is reinforced by additional number "500"s around the corners. There is counterfeit warning at the footer, it translates to "Forgery is punishable by law". It repeats this warning in all 4 major national languages.


To the note's far right is a partitioned area. This are simply lists the Socialist Federal Republic of Yugoslavia in Croatian, Macedonian, and Slovenian. Below is a separate number "500" backed by a lilac guilloché backing. This design can be seen repeated throughout the note's surface.


Hard Dinar Gallery

(Gallery features complete 1968-85 Hard Dinar Series)

 

Additional Notes

  • This note's dimensions are 155 x 74 mm or 6.01 x 2.91 in, larger than a US Dollar.

  • The preferable method to preserve this note are standard sized protective sleeves.

  • The Hard Dinar ISO code was YUD, it used both din. and дин as symbols.

  • The Hard Dinar was subdivided into 100 Para, coins were in Para and Dinar values.

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