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Notes Of The Hard Dinar, Sculpted In Sacrifice: 500,000 Dinara (Yugoslavia, 1989)-Article

Updated: Apr 17

This Yugoslavian banknote represents the 12th denomination of the “Hard Dinar" (5th, Series 1985).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.


The observe features the "Monument to the Revolution", a war memorial located on the peak of Mount Kozara. The Kozara Offensive was fought from 10 June-August 1942, between Marshall Tito's Yugoslav partisans and German/Hungarian armies. Notably this was the first appearance of this image. It reappeared on the observe of the 2,000,000 Dinara (1989) and the later 50 Dinara (1990).

Besides the portrait is a styled illustration of grapes. While at the upper-left 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".

To the right of the Yugoslav emblem is a number "500000" and quad text. Which is read in combination with the number. Moving first to last the text alternates from Serbian, Croatian, Slovenia, and Macedonia. Thus repeating the note's 500,000 Dinara face value, in all major national languages.

Below this text are signatures, representing the Bank Governor and Deputy Governor. The note's face value is reinforced by additional number "500000"s. The first is large, located on elaborate overlapping guilloché backings. It features a long "tail", which travels the bottom of the note and ends at the upper-right corner. Nearby is a small vertical number 500,000.

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.


The reverse depicts the Sutjeska War Memorial, which is dedicated to the partisans of the Battle of the Sutjeska. The Battle of Sutjeska was fought from 15 May-16 June 1943, between Marshall Tito's Yugoslav partisans and the Italian/German/Bulgarian armies. Notably this is the first appearance of this image. It reappeared on the later 50 Dinara (1990).

The header above the memorial reads (trans.) "SFR Yugoslavia", in Croatian and Serbian. The notes serial number is located to the lower-right of memorial. It reads "AA 0021665" and is printed in red ink. This differs from most "Hard" Dinar notes, which often feature dual-serial numbers.

Similar to the observe, the note's face value read combining the number "500000" and multilingual text. It's located at the upper-left, (in order) it features text in Croatian, Serbian, Slovenian, and Macedonian. A hidden security thread can be seen faintly running downward, along this text.

Similar to the observe, the lower-left features a number "500000" on overlapping guilloché backings. Although it's winding "tail" has been overprinted with other guilloché patterns. A third number 500,000 is feature at the lower-right corner. While the upper-right feature a star-shaped guilloché backing. Inside it reads "VIII 1989, representing August 1989, the note's print date.

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.

Hard Dinar Gallery

(Gallery will be updated as more banknotes are databased)


Additional Notes

  • This note's dimensions are 145 x 75 mm or 5.70 x 2.95 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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