Currency Used In Serbia: History and Travel Tips

Dinar (Serbian Cyrillic: динар, pronounced [D-ee-n-ah-r]) is the official currency used in Serbia. One dinar is subdivided into 100 paras. The international currency symbol for the dinar is RSD, and the currency code is 941. The current banknotes and coins show portraits of people important for the history of Serbia, the National Bank of Serbia, and Serbian cultural monuments.

Currency Used In Serbia: History Of The Dinar

It represented one of the most important features of the independence and statehood of the then Serbian state in the Middle Ages. All the medieval money of Serbia, due to the withdrawal of gold from circulation — a phenomenon characteristic of that period everywhere in Europe — was minted exclusively in silver. After the loss of the independence of the Serbian state, the Serbian dinar stopped being minted.

The name of the basic Roman coin — the denarius, through to the Serbian medieval minting and then through the minting of the renewed Serbia in the 19th century, has remained to this day in the name of the dinar — the basic monetary unit of the monetary system of modern Serbia.

Currency Used In Serbia: Denominations

What Dinar Banknotes Look Like

I know it looks like a picture of Paul McCartney when he was very young, but this is the portrait of Vuk Stefanović Karadžić, Serbian philologist, linguist, and reformer of the Serbian language.

20 Dinars

Petar II Petrović Njegoš. He was Ruler of Montenegro, a King, as well as a Serbian Orthodox Prince-Bishop, great poet and philosopher who lived in the 19th-century.

50 Dinars

Stevan Stojanović Mokranjac — Serbian composer.

100 Dinars

Nikola Tesla — Great Serbian inventor.

200 Dinars

Nadežda Petrović, a painter from the late 19th century. She was also a volunteer nurse during the First Balkan War.

500 Dinars

Jovan Cvijić, Serbian geographer and president of the Serbian Royal Academy.

1000 Dinars

Ðorđe Vajfert, a man who owned the first brewery in the Kingdom of Serbia.

2000 Dinars

Milutin Milanković, the Serbian engineer, the climatologist, geophysicist, and astronomer.

5000 Dinars

Slobodan Jovanović, one of Serbia’s most prolific jurists, historians, sociologists, journalists, and literary critics.

Travel Money In Serbia

However, you can also exchange Canadian Dollars, Australian Dollars, and Danish, Norwegian, and Swedish krone into Dinars, but you will receive a poor exchange rate. Cash is the ‘universal language in Serbia’ and it is very convenient to have some Serbian Dinars in your pocket to pay for a cab, grab a bite to eat, and generally when paying small bills. For shopping and for restaurants, you can use credit cards.

Where Is The Best Place To Exchange Money?

Rates offered at Official Exchange Office (Menjačnica inn Latin or мењачница in Cyrillic letters) are generally better than those available in the banks, hotels, or at the Airport. Private banks and exchange offices are free to set their own rates, but they must clearly display the exchange rate. The spread between buying and selling rates is 2–3 %.

Tip: Don’t exchange your money with strangers on the street. It is illegal and can be dangerous.

Using Your Credit ATM’s And CardsIn Serbia

Western Union In Serbia

You can also use money transfers from any country in the world if you open a local bank account. The transfer can take between 3 to 7 business days.

Things You Should Know About Using Cash In Serbia

As mentioned above, Serbia imposes a rule that only allows you to take 2000 Euros out of the country. To avoid this problem, if you are bringing in a larger amount of cash and do not spend it all and then exit Serbia with more than the above-mentioned amount, you will have to declare it upon your arrival to the customs officials. You will obtain a declaration form which you must present at your departure. Failure to comply may result in the confiscation of all funds at departure!

It would be great if you could visit Serbia and find out more about this beautiful country, like great food, awesome people and many other great things. You can use the Ling App to help you learn basic Serbian words and expressions to help you enjoy your stay there. If you end up in Serbia, the first word you should learn is Živeli (Cheers). Trust me on this one! 😉

Ling is a game-like language learning app with a pack of 60+ languages. You will learn languages in fun ways!