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Yugoslav Dinar

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Yugoslav Dinar
The currency of Yugoslavia. It was introduced in 1994 following a period of hyperinflation and pegged to the Deutsche mark at par. It was used in Montenegro until 2000. It was replaced by the mark, which was later replaced by the euro. Serbia continued to use the new dinar until 2003, when Yugoslavia officially split into Serbia and Montenegro. At that time, it was replaced by the Serbian dinar at a 1:1 ratio.


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It cut its economic dependence on Yugoslavia by declaring the German mark legal tender alongside the Yugoslav dinar.
Full convertibility of the Yugoslav dinar has had a positive impact on Yugoslavia's foreign currency reserves.
 
 
 
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