THE SERBIAN DINAR: A CURRENCY WITH NO SUB-UNITS
According to Countryaah, the Serbian Dinar (RSD) is the legal tender of the Republic of Serbia. It is issued by the Serbian National Bank. As one of the few currencies in the world, the dinar no longer has a sub-unit, as the original denomination in Para has been abolished. After the breakup of Yugoslavia in Serbia and Montenegro, Serbia reintroduced the dinar as its own national currency in 2003. You can find the current exchange rate to the euro at XE here and in our currency converter.
THE DINAR WAS FIRST MENTIONED IN THE 13TH CENTURY
The dinar was first introduced as a currency at the beginning of the 13th century. It was considered an important status symbol of the country’s national independence. With the incorporation of Serbia into the Ottoman Empire in 1459, the dinar was replaced by a variety of different currencies. At that time over 40 different gold, silver and copper currencies were in parallel in circulation. With Serbia’s state independence in the 19th century, the dinar was also reintroduced for a short time before it was finally replaced by the Yugoslav dinar.
PARA COINS NO LONGER PLAY A ROLE
The original division of a dinar into 100 Para has become meaningless with the abolition of the 50 Para coin in early 2008. There are coins in values of 1, 2, 5, 10 and 20 dinars, each of which exists in different alloys and with different coats of arms and national names. Since 2010, however, the 1, 2 and 5 dinar coins that are embossed with “Jugoslavija” are no longer accepted. H2: Banknotes show artists and scientists The current banknotes show well-known personalities from Serbian history. Mainly artists and scientists are shown. The 100 dinar note pays tribute to the famous physicist Nikola Tesla, while the 200 dinar note commemorates the expressionist painter Nadežda Petrović. In total there are banknotes with nine different denominations between 10 and 5.
IT IS STILL COMPLETELY UNCLEAR WHEN THE EURO WILL COME
It is unclear when Serbia will introduce the euro as a means of payment. Although Serbia has been a candidate for EU membership since 2012, it seems unlikely that the country will finally join the EU before 2020. Even after that, the introduction of the euro would not come automatically, which is why the dinar will certainly remain the only valid means of payment in Serbia for a long time to come. H2: Change travel money in good time For trips to Serbia it is worth changing travel money in good time. At XE you can conveniently order or exchange cash online. In Serbia you only tip if the service is good, the usual rate is 5 to a maximum of 10 percent. When paying for services in cash, prices are often rounded up. You can find further helpful tips for a stay in Serbia in our travel information for Serbia.
ORDER SERBIAN DINAR ONLINE
You can conveniently buy the Serbian Dinar (RSD) and other currencies (sorts) in the XE online shop. Simply select the type you want, use the currency converter to display the current rate and you can order the currencies online. The travel money will then be conveniently delivered to your home within a few days. In addition, you can also easily change your travel money in one of the many branches of XE.
THE CURRENCY AT A GLANCE
1 Serbian dinar = 100 Para (Para coins, however, are no longer in circulation). Currency abbreviation: Din, RSD (ISO code). Banknotes are available in denominations of 5,000, 2,000, 1,000, 500, 200, 100, 50, 20 and 10 Din. Coins are in circulation to the value of 20, 10, 5, 2 and 1 Din.
FOREIGN EXCHANGE REGULATIONS
The local currency can be imported or exported up to an amount equivalent to € 10,000. For larger amounts, proof is required that certifies that the amount was acquired abroad from a foreign bank. The import of foreign currencies is unlimited, but must be declared. The export of foreign currencies is limited to the equivalent of up to € 10,000.