Serbian Dinar
Динар
Currency Code
RSD
ISO 941
Symbol
RSD
Native: дин
Decimal Digits
2
Rounding: 0
Countries
RS
Using this currency
Currency Units
Major Unit
Name: dinar
Symbol: дин
Minor Unit
Name: para
Symbol:
Value: 0.01
Banknotes
Frequently Used
10 дин20 дин50 дин100 дин200 дин500 дин1000 дин2000 дин
Rarely Used
5000 дин
Coins
Frequently Used
1 дин2 дин5 дин10 дин20 дин
Plural Forms
English Plural
Serbian dinars
Native Plural
Динара
Overview
The Serbian Dinar is the currency of Serbia, managed by the National Bank of Serbia. Serbia is a candidate for EU membership and has been working on economic reforms and stabilization following the breakup of Yugoslavia and subsequent transition to a market economy.
Economy
- Serbia is a member of EU candidate, CEFTA, Council of Europe, OSCE, PfP.
- Main industries include: Automobiles, Base metals, Furniture, Food processing, Machinery, Chemicals, Sugar, Tires, Clothes, Pharmaceuticals.
- Serbia is part of the World Trade Organization.
- Imports are machinery, fuels, chemicals, food products, transport equipment, iron and steel.
- Major exports include automobiles, iron and steel, rubber, clothes, wheat, fruit and vegetables, nonferrous metals, electric appliances.
- GDP: $68.7 billion (2023 est.).
- GDP per capita: $9,875 (2023 est.).
- Unemployment rate: 9.7% (2023 est.).
- Inflation rate: 12.4% (2023 est.).
- Main trading partners: Germany, Italy, China, Russia, Hungary, Turkey.
- Trade agreements: CEFTA, EU SAA, Various bilateral agreements.
History
- Previous currencies used: Yugoslav dinar, Various historical Serbian dinars.
- The current dinar was introduced in 2003, replacing the Yugoslav dinar. Serbia has had various versions of the dinar throughout its history, including during the Yugoslav period.
- 1868: First Serbian dinar introduced
- 1918: Yugoslav dinar period begins
- 1992-1994: Hyperinflation period
- 2003: Current Serbian dinar introduced
- 2006: Independence from Montenegro
- 2012: EU candidate status granted
- Exchange rate peg: Managed float with EUR reference.
General Information
- ISO 4217 Code: RSD
- Symbols: RSD/дин.
- Currency Subunits: 100 para
- Central Bank: National Bank of Serbia
- Monetary Policy: Inflation targeting with 3% target (±1.5% tolerance band). Managed floating exchange rate with EUR as reference currency.
- Bills: 10 dinara, 20 dinara, 50 dinara, 100 dinara, 200 dinara, 500 dinara, 1000 dinara, 2000 dinara, 5000 dinara
- Coins: 1 dinar, 2 dinara, 5 dinara, 10 dinara, 20 dinara
- USD Exchange Rate: Variable (approximately 108-110 RSD per USD)
- Pegged To: None (Floating)
- Capital: Belgrade
- Population: 6,739,983 (2023 est.)
- Area: 77,474 km²
- Languages: Serbian (official) 88.1%, Hungarian 3.4%, Bosnian 1.9%, Romani 1.4%, Other 3.4%, Undeclared or unknown 1.8%
- Time Zones: UTC+1 (CET), UTC+2 (CEST in summer)
- Government Type: Parliamentary republic
- Head of Government: President (head of state), Prime Minister (head of government)
- Independence: June 5, 2006 (from State Union of Serbia and Montenegro)
- Ethnic Groups: Serb 83.3%, Hungarian 3.5%, Romani 2.1%, Bosniak 2%, Other 5.7%, Undeclared or unknown 3.4%
- Religions: Orthodox 84.6%, Catholic 5%, Muslim 3.1%, Protestant 1%, Atheist 1.1%, Other 0.8%, Undeclared or unknown 4.5%
- Literacy Rate: 99.5% (2019 est.)
- Transport: Belgrade Nikola Tesla Airport, road and rail networks, Danube River transport
- Communications: Good telecommunications, 74% internet penetration, comprehensive mobile coverage
- Energy: Coal 70%, Hydroelectric 28%, Oil 1%, Natural gas 1%
- Countries Using This Currency: Serbia
- Data Sources: Central Bank: National Bank of Serbia (nbs.rs), Economic Data: Statistical Office of Serbia, World Bank, IMF, Trade Data: Serbian Chamber of Commerce, Demographic Data: Statistical Office of Serbia, Geographic Data: Republic Hydrometeorological Service, Historical Data: National Bank of Serbia archives
- Last Updated: 2025