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1 000 000 000 Dinara
| Issuer | Narodna Banka Jugoslavije (National Bank of Yugoslavia) |
|---|---|
| Year | 1993 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Paper |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The central vignette presents an intaglio view of the National Assembly building in Belgrade, rendered in fine line engraving against a peach and salmon underprint. The large denomination numeral 1000000000 appears to the lower right, accompanied by the inscription МИЛИЈАРДА ДИНАРА / MILIJARDA DINARA. The country name ЈУГОСЛАВИЈА / JUGOSLAVIJA is positioned at upper right, with the date БЕОГРАД 1993. BEOGRAD at lower left beneath the Governor's signature. |
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| Protection type | Watermark |
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| Comments |
Yugoslavia's hyperinflation of 1993 was one of the worst in recorded history, eventually reaching a monthly rate exceeding 313 million percent by December of that year. This one-billion-dinar note, which would have represented extraordinary purchasing power only years earlier, became functionally worthless within weeks of issue — often before notes in a given print run had even reached circulation counters.
ZIN had been printing redenominated notes in rapid succession throughout the year, with denominations escalating so fast that the design and engraving teams were working under severe time pressure. Damjanovski's involvement across multiple denominations in the series reflects that institutional continuity even as the currency itself collapsed.
A further redenomination in October 1993 replaced one billion old dinars with a single novi dinar.