Currency Exchange Rates for Serbian Dinar
Currency Rates for Serbian Dinar. Currency Information on RSD for Serbia – РСД. The foreign exchange currency code for RSD represents the Serbian Dinar exchange rate.
The use of a Serbian dinar was first recorded in 1214, but the first modern dinar was introduced in 1868, replacing the Ottoman garrison, and removing the issue that Serbia was facing of having many currencies in circulation. Send Money Transfer to Serbia.
Banknotes were not issued until 1876. The Yugoslav dinar and Yugoslav krone began circulating Serbia together, replacing the first Serbian dinar at a 1:1 ratio in 1920. These currencies were replaced by the second Serbian dinar, in 1941, when Germany occupied Serbia, however the Yugoslav Partisans replaced the Serbian dinar again with the Yugoslav dinar at a ratio of 1 Yugoslav dinar: 20 Serbian dinars.
GBP to RSD
When Yugoslavia became the State Union of Serbia and Montenegro, this currency was once again replaced by the Serbian dinar ,at par, in 2003.
1, 2 and 5 dinar coins are frequently used in Serbia, whereas, 10 and 20 dinar coins are not. 10, 20, 50, 100, 200, 500 and 1000 dinar banknotes are in frequent circulations, but 2000 and 5000 dinar banknotes are rarely seen. Bank Exchange Rates for Serbian Dinar. The foreign exchange rates for Serbia also known as the ISO code RSD. Send money transfer online with us with the cheapest option.
A Brief History of the Serbian Dinar
A Brief History
The Serbian Dinar was first used and recorded in 1214, however, the introduction of the modern Serbian Dinar would take place in 1868.
During the Ottoman Conquest, Serbia was cascaded with several different currencies. After the Ottoman garrison withdrew from the country, the country was then left with a multitude of currencies. This would make it especially difficult for their economy to stay stable. The use of banknote would not be issued until 1876.
In 1920, the Yugoslav currency would replace the Serbian currency. The Serbian dollar would again be reached in 1941 when the Germans came in and occupied Serbia.
Serbia would finally have a stable currency in 2003. This stabilization of the currency would come when Yugoslavia became a state and unified Serbia and Montenegro countries.
The Serbia currency
The Serbia currency comes in the form of notes and coins. There are 3 coins that are in circulation and they come in the value of 1, 2, and 5 dinar coins. The coins are issued and created by the Institute for Manufacturing Banknotes and Coins.
The banknotes that are in circulation come in the value of 10, 20, 50, 100, 200, 500 and 1000 dinar banknotes, there are also 2000 and 5000 dinar banknotes, however, they are not used as frequently as the former values.
The Serbian Dinar banknotes are issued by the National Bank of Serbia. However, the Serbian Dinar is created in the Institute for Manufacturing Banknotes and Coins.
Interesting Facts abut The Serbian Dinar
Like many international currencies, the Serbian dinar comes in a variety of different colors to better distinguish between the value of the currency. Furthermore, like many other international currencies, the size of each banknote is slightly different.
This is especially useful for individuals who are blind or have some visual disadvantages. Lastly, the design of the Serbian Dinar represents the unique and culture that has developed as result of the unification of two nations.