Serbia, a former inland Balkan
kingdom (now a federated
republic with Montenegro) has
an area of 34,116 sq. mi. (88,361
sq. km.) Capital: Belgrade. The
Kingdom of Serbs, Croats, and
Slovenes was formed in 1918; its
name was changed to Yugoslavia
in 1929. Various paramilitary

occupation and division of Yugoslavia
from 1941 to 1945, but
fought each other and ethnic opponents
as much as the invaders. The military and political movement headed by Josip Tito
(Partisans) took full control of Yugoslavia when German and Croatian separatist forces were

managed to steer their own path between the Warsaw Pact nations and the West for the next
four and a half decades. In 1989, Slobodan Milosevic became president of the Serbian Republic
and his ultranationalist calls for Serbian domination led to the violent breakup of Yugoslavia
along ethnic lines. In 1991, Croatia, Slovenia, and Macedonia declared independence, followed
by Bosnia in 1992. The remaining republics of Serbia and Montenegro declared a new Federal

tary campaigns to unite ethnic Serbs in neighboring republics into a "Greater Serbia." These

unsuccessful - campaign until signing the Dayton Peace Accords in 1995. Milosevic kept tight
control over Serbia and eventually became president of the FRY in 1997. In 1998, an ethnic
Albanian insurgency in the formerly autonomous Serbian province of Kosovo provoked a Serbian
counterinsurgency campaign that resulted in massacres and massive expulsions of ethnic

constitutional framework that allowed Kosovo to establish institutions of self-government and

of Milosevic and installed Vojislav Kostunica as president. A broad coalition of democratic reformist
parties known as DOS (the Democratic Opposition of Serbia) was subsequently elected
to parliament in December 2000 and took control of the government. DOS arrested Milosevic in
2001 and allowed for him to be tried in The Hague for crimes against humanity. (Milosevic died

republics with a federal level parliament. Widespread violence predominantly targeting ethnic
Serbs in Kosovo in March 2004 caused the international community to open negotiations on the
future status of Kosovo in January 2006. In May 2006, Montenegro invoked its right to secede
from the federation and - following a successful referendum - it declared itself an independent
nation on 3 June 2006. Two days later, Serbia declared that it was the successor state to the
union of Serbia and Montenegro. A new Serbian constitution was approved in October 2006
and adopted the following month. After 15 months of inconclusive negotiations mediated by the

of Serbia. 

 

RULERS:
Milan, Obrenovich IV, as Prince, 1868-1882
Aleksander I, 1889-1902
Petar I, 1903-1918
MONETARY SYSTEM:
1 Dinar = 100 Para FHV>
KINGDOM
State Notes
1876 Issue
1 1 Dinar Good Fine XF
1.7.1876. Blue on yellow underprint. Portrait Prince Milan
Obrenovich between cherubs at top center. Uniface.
225 600 900
2 5 Dinara Good Fine XF
1.7.1876. Blue on yellow underprint. Woman standing

Milan Obrenovich between cherubs at top center. 

 

Serbia 1099
7 50 Dinara (zlatu) Good Fine XF
1885; 1886. Dark olive. Woman standing with children at
left, woman standing with sword and shield at right.
a. 1.2.1885. Rare. — — —
b. Without signature. 1.3.1886. Rare. — — —
8 100 Dinara (zlatu) Good Fine XF
1884. Dark olive. Woman seated with tablet and sword
at right.
a. 2.7.1884. Rare. — — —
b. 2 signature varieties. 1.9.1884. Rare. — — —
c. Without date or signature. Rare. — — —
1887 Issue
9 10 Dinara (srebru) Good Fine XF
14.1.1887. Blue. Woman standing with sword and shield

180 375 900
1893 Issue
10 10 Dinara (srebru) Good Fine XF
2.1.1893. Blue on brown underprint. Woman seated with
musical instrument and child at left.

1905 Issue
11 20 Dinara (zlatu) Good Fine XF
5.1.1905. Blue on brown underprint. Woman standing
with sword, shield and child at left, young woman standing
at right.

5.1.1905. Blue on brown underprint. Woman seated
with sword at right, coastline in background. Watermark:

with lighter printing.
30.00 90.00 275
1914 Emergency WW I Issue
13 50 Dinara (srebru) Good Fine XF

right. Back: Arms at left.
1,800 3,750 7,500
1916 Issue
14 5 Dinara (srebru) Good Fine XF
1916-1918. Blue. Helmeted man at left. Back: Arms and
fruit. Watermark: Helmeted man.
a. 11.10.1916-31.12.1917. 37.50 90.00 275
b. 1.1.1918-18.9.1918. Rare. — — —

1885; 1886. Dark olive. Woman standing with children at
left, woman standing with sword and shield at right.
a. 1.2.1885. Rare. — — —
b. Without signature. 1.3.1886. Rare. — — —
8 100 Dinara (zlatu) Good Fine XF
1884. Dark olive. Woman seated with tablet and sword
at right.
a. 2.7.1884. Rare. — — —
b. 2 signature varieties. 1.9.1884. Rare. — — —
c. Without date or signature. Rare. — — —
1887 Issue
9 10 Dinara (srebru) Good Fine XF
14.1.1887. Blue. Woman standing with sword and shield
180 375 900
1893 Issue
10 10 Dinara (srebru) Good Fine XF
2.1.1893. Blue on brown underprint. Woman seated with
musical instrument and child at left.
1905 Issue
11 20 Dinara (zlatu) Good Fine XF
5.1.1905. Blue on brown underprint. Woman standing
with sword, shield and child at left, young woman standing
at right.

12 100 Dinara (srebru) Good Fine XF
5.1.1905. Blue on brown underprint. Woman seated
with sword at right, coastline in background. Watermark:

1914 Emergency WW I Issue
13 50 Dinara (srebru) Good Fine XF

right. Back: Arms at left.
1,800 3,750 7,500
1916 Issue
14 5 Dinara (srebru) Good Fine XF
1916-1918. Blue. Helmeted man at left. Back: Arms and
fruit. Watermark: Helmeted man.
a. 11.10.1916-31.12.1917. 37.50 90.00 275
b. 1.1.1918-18.9.1918. Rare. — — —

 

1915 Emergency Postage Stamp Currency Issue
Of an already completed series of postage stamps (Michel #130. #131 I-V or Scott's

5 and 10 Para could be used for postal purposes because of the war. The other denominations
circulated as emergency money. The stamps are perforated; however,

15 5 Para VG VF UNC

— 5.00 15.00
16 10 Para VG VF UNC

— 9.00 25.00
17 15 Para VG VF UNC

— 10.00 35.00
17A 15 Para VG VF UNC

— 85.00 165
18 20 Para VG VF UNC

— 5.00 15.00
19 25 Para VG VF UNC

— 20.00 45.00
20 30 Para VG VF UNC

— 20.00 50.00
21 50 Para VG VF UNC

Serbia #99) with King Peter I and printed legend and denomination on back were locally
issued emergency money (for Osijek, Prima Frankova tiskara).
GERMAN OCCUPATION - WW II

    SERBIAN NATIONAL BANK
1941 Provisional Issue
22 10 Dinara VG VF UNC
1.5.1941. Green on tan underprint. Arms at left. Back:
Like Yugoslavia #35. Watermark: Old man in uniform.
15.00 35.00 70.00
23 100 Dinara VG VF UNC
1.5.1941. Purple and yellow. 3.00 6.00 12.50
24 1000 Dinara on 500 Dinara VG VF UNC
1.5.1941. Brown and multicolor. Three seated women at
center. Back: Three women and cherub.
10.00 25.00 45.00

1941 Issue
25 20 Dinara VG VF UNC
1.5.1941. Brown on tan and light brown underprint. Por-

Old man in uniform.
10.00 25.00 35.00
26 50 Dinara VG VF UNC
1.8.1941. Brown and multicolor. Portrait woman at left.
Back: Man playing old stringed instrument at center, arms
at right. Watermark: Boy with cap.
15.00 30.00 45.00

 

1942 Issue
28 20 Dinara VG VF UNC

issued).
— 350 625
29 50 Dinara VG VF UNC
1.5.1942. Brown on light brown underprint. Portrait King
Petar at left. Back: Arms at left.
4.00 8.00 15.00
30 100 Dinara VG VF UNC
1.5.1942. Brown and multicolor. Shepherd-boy seated
— 350 625
31 500 Dinara VG VF UNC
1.5.1942. Brown and multicolor. Arms at upper left, farmer
seeding at right. Back: Farmer harvesting wheat. Watermark:
King Aleksander I.
5.00 10.00 20.00
32 1000 Dinara VG VF UNC
1.5.1942. Brown and multicolor. Blacksmith at left, woman
wearing costume at right. Back: Farm wife at left, farmer
at right.
a. Watermark: King Petar. 10.00 20.00 45.00
1943 Issue
33 100 Dinara VG VF UNC
1.1.1943. Brown and blue on light brown and tan underprint.
St. Sava at left. Back: Man with ox-cart at center
10.00 25.00 50.00

 

Serbie 10 DINARA Pick 10a SUP