Exchange rates for the euro in Yugoslavia / EUR 1 = YUM ... (selling) / up to 2002

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Time series key	BBEX3.A.YUM.EUR.CA.AB.A04
Unit	YUM
Dimension	one
Timespan	from 1999 to 2002
Last update	20.09.2023 12:51:41 PM

General	With effect from 4 February 2003, the Federal Republic of Yugoslavia was reconstituted as "Serbia and Montenegro". At the same time, the dinar, which remained legal tender only in Serbia, was renamed from "Yugoslav new dinar" to "Serbian dinar" (ISO code: CSD); exchange rates as of 2003, see BBEX3:A:CSD:EUR:CA:AB:A04. In the Yugoslav Constituent Republic of Montenegro, the Deutsche Mark was the only official currency from 11 November 2000 until 31 December 2001. The euro was introduced as legal tender with effect from 1 January 2002.
Methodology	Until 2000, calculated on the basis of month-end rates, on the basis of mid-month and month-end rates thereafter.
Source	National Bank of Serbia (formerly: National Bank of Yugoslavia), Belgrade.

Comment on 2000	From 27 May to 13 October 2000, alongside the official exchange rate, a so-called incentive rate of 1 EUR = 39.1167 YUM was also in place; as of 14 October 2000, this rose to a rate of 1 EUR = 58.6750 YUM. With effect from 6 December 2000, the multiple exchange rate system was unified on the basis of the "incentive rate". Exchange rate application: For all transactions between the central bank and the commercial banks and transactions between the commercial banks and the public.

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