Exchange rate RSD - Serbian dinar
Serbian dinar - The official currency of Serbia. One dinar divides into 100 para. The first references to the Serbian dinar come from the reign of Stefan the First-Crowned, reigning in the 13th century as the Serbian King.
|RSD EUR||0.0076||0.0095||Serbian dinar||1 RSD|
Serbian dinar exchange rate - chart
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The Serbian dinar is the official currency of Serbia. Its international abbreviation is RSD. In addition, it is also denoted by the symbol din or дин. It is divided into 100 para.
The Serbian dinar – where is it used?
The Serbian dinar is the official currency unit only in Serbia, although its origins date back to medieval times. If you're going to this country for vacation or business, it's worth knowing the Serbian dinar exchange rate and getting familiar with information about the RSD currency.
The history of the Serbian dinar
The Serbian dinar was first mentioned in chronicles written during the reign of Stefan Nemanjić in 1214. At that time, the dinar was a coin minted primarily from silver, large deposits of which were owned by Serbia. Therefore, the silver coin was the country's export commodity. It was used until the 15th century. After that, it disappeared from the pages of history for several centuries, as Serbia's area came under the Ottoman Empire's rule. The first attempts to reintroduce the Serbian dinar were made in the 19th century, after the Serbian Revolution, which aimed to separate the country from the Ottoman state. Finally, Serbia began minting its own coins in 1868, after the Ottoman army left the country. In the following years, the country added more coins of various denominations, and at the end of the 19th century, banknotes were also added into circulation. The exchange rate of the Serbian dinar was then closely pegged to the French franc. In 1920, the Serbian dinar disappeared again - it was replaced by the Yugoslavian dinar. It was reinstated during World War II, and its exchange rate was pegged to the Reichsmark. However, the currency did not function for too long. After the war, they returned to the Yugoslavian dinar, which was in force until 2006 when Montenegro declared independence. Then it was decided to return to the Serbian dinar.
The Serbian dinar (RSD) - key information
The RSD currency functions as coins with denominations of 1, 2, 5, 10 and 20 dinars, as well as banknotes of 10, 20, 50, 100, 200, 500, 1,000, 2,000 and 5,000 Serbian dinars. Although the RSD currency is formally divided into 100 para, you will no longer find such coins in circulation. They were withdrawn in 2008 due to the high production cost, which far exceeded their value. A 10-dinar coin is rarely seen - usually, a banknote of the same denomination replaces it. The banknote with the largest denomination - 5,000 dinars - is also much less frequently used. The coins depict architectural monuments (monasteries, universities, the Serbian National Bank) and prominent national figures, including the world-famous inventor Nikola Tesla. Their intense and varied colours distinguish the RSD banknotes form other currencies. The obverses feature portraits of famous Serbs, while the reverses depict landmarks and architecture typical of Serbia, as well as ethnic motifs.
Check RSD exchange rate
The Serbian dinar is not very popular around the world. That is why it can be challenging to buy or sell it in exchange offices. However, it is possible to exchange it online in our portal and check the current RSD exchange rate, for example, RSD to EUR.