Serbia - new circulation issues and commemoratives

[Figleaf]

New 1, 2, 5, 10 and 20-Dinar Coins
26. June 2009. | 11:10

On 26 June 2009, the NBS will release 1, 2 and 5-dinar coins made of the alloy of copper, zinc and nickel, with designation "2009" as the minting year.

The primary purpose of these coins is to satisfy regular annual needs of cash payment transactions and replace coins of the same denomination with designation "National Bank of Yugoslavia" that the NBS plans to withdraw in the period 1 April – 31 December 2009.

The NBS will also put in circulation 10 and 20-dinar coins made of the alloy of copper, zinc and nickel with "2009" designated as the minting year. Only 500,000 coins of both denominations have been minted for the purpose of meeting regular annual cash payment transaction needs and marking important events and jubilees.

The 10-dinar coin features the motifs of the 25th summer Universiade to be held in July 2009 in Belgrade, while the 20-dinar coin features the portrait of Milutin Milanković, the renowned world geophysicist, engineer, climatologist and astronomer, and was minted to honour the 130th anniversary of his birth.

Source: EMportal

With thanks to Pabitra Saha

[chrisild]

Guess that the new 1, 2 and 5 dinar coins will be the same as the current ones, except for the year of course. And the 2005 issues should stay in circulation, since they already say "Republic of Serbia", see http://www.nbs.rs/export/internet/english/75/75_1/75_1_2.html

Christian

[Figleaf]

Confusing. The current series have Narodna Banka Srbije, which means People's Bank of Serbia. The last series for Yugoslavia has SR Yugoslavija, which, I believe, stands for Socialist Republic of Yugoslavia, not National Bank of Yugoslavia. However, the web site has "Narodna" in Cyrillic and "National" in English.

Maybe it all means nothing except chaos and confusion or maybe the central government is still battling funny clans out there, who'd turn back the clock if they could.

Peter

[chrisild]

Unfortunately I only have a few Serbian coins, and the coin images at that website are tiny. Here is what I read there:

* The current series (with the lower denominations in "brass") has REPUBLIKA SRBIJA and NBS, in both Latin and Cyrillic characters. Thus the name of the national bank is present but abbreviated.
* The "middle" series (2003 ...) says NARODNA BANKA SRBIJE, ie. the full name of the central bank.
* The older (2000 ...) pieces have SR JUGOSLAVIJA, thus the old name of the country.

I just had a look at the website of the central bank again, and found a press release with pretty much the same text as the article you posted: http://www.nbs.rs/internet/english/scripts/showContent.html?id=3480  And yes, in all three language/script versions it refers to coins with designation "National Bank of Yugoslavia" that are to be taken out of circulation. Have not seen any coins with that text ...

As for "SR", that does not involve any socialism. On some Yugoslavian coins you can see the inscription SAVEZNA REPUBLIKA (in Cyrillic though), and apparently that means Federal Republic. A little odd since on the older coins they used "Federativna" which I thought meant Federal. Does anybody speak Serbian here?

Christian

[kuhli]

As for "SR", that does not involve any socialism. On some Yugoslavian coins you can see the inscription SAVEZNA REPUBLIKA (in Cyrillic though), and apparently that means Federal Republic. A little odd since on the older coins they used "Federativna" which I thought meant Federal. Does anybody speak Serbian here?

Christian

savezna and federativni both can be translated as federal, although savezna is more accurately translated as confederation (more individual state power, and much less central government), which is what happened when Yugoslavia got pared down to just Serbia & Montenegro.  The SRJ -Savezna Republika Jugoslavija (1992) lasted about 10 years, when it got trimmed down even more to become the Union of Serbia and Montenegro (2002), which lasted only 4 years before they amicably parted ways (2006).

[Zantetsuken]

savezna and federativni both can be translated as federal, although savezna is more accurately translated as confederation (more individual state power, and much less central government), which is what happened when Yugoslavia got pared down to just Serbia & Montenegro.  The SRJ -Savezna Republika Jugoslavija (1992) lasted about 10 years, when it got trimmed down even more to become the Union of Serbia and Montenegro (2002), which lasted only 4 years before they amicably parted ways (2006).

True. Ironically, even though Serbia and Montengro was still technically a federation between 2003 and 2006, it had two separate economic systems. Serbia continued to use the Dinar system, where as Montenegro used the Euro system. Even today, as an independent country, I don't think Montenegro has adopted an official currency. Someone correct me if I'm wrong on this.

[chrisild]

As far as I know, Montenegro simply uses the euro as its currency, unilaterally of course. Whether that makes it official there or not does not matter that much, I think ...

Christian

[Harald]

Montenegro has introduced the German mark as its currency by law of 2 November 1999.
in 2002 the mark was then replaced by the euro.

all perfectly legal, since any country is free to use the euro as currency. only in order to issue euros you need
to be a member of the currency union and to have the agreement of the ECB.

cheers
--
Harald