50 Dinara P.Z. Sjeničak

P.Z. Sjeničak was a Croatian agricultural cooperative (poljoprivredna zadruga) operating in the village of Sjeničak Lasinjski in the Karlovac region. Cooperative emergency notes of this type circulated as local scrip during periods when small-denomination coinage was effectively absent from rural markets — most commonly in the early 1920s Yugoslav monetary transition period.

These cooperative-issued notes are poorly documented in mainstream catalogs, which reflects how locally they circulated rather than any particular rarity in original print runs. Provenance from a single district archive or estate collection is common.