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Exchange rates for the US dollar in Yugoslavia / USD 1 = YUM ... (selling) / up to 2002

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  1. Exchange rates, euro foreign exchange reference rates, gold prices
  2. Exchange rates in individual countries
  3. Yearly average
  4. USD US dollar
  5. YUM Yugoslav new dinar (Yugoslavia) / up to 2002
CSV SDMX-ML 2.0 SDMX-ML 2.1
Time series key BBEX3.A.YUM.USD.CA.AB.A04
Unit YUM
Dimension one
Timespan from 1994 to 2002
Last update 20.09.2023 12:51:41 PM
   
General The Yugoslav new dinar (YUM) was introduced as a new lawful currency alongside the Yugoslav dinar (YUN) with effect from 24 January 1994. It was the sole legal tender as of 22 July 1994. We recorded the following rates of the Yugoslav new dinar relative to the Yugoslav dinar: 24 January 1994: 1 Yugoslav new dinar (YUM) = 13 000 000 Yugoslav dinar (YUN) From 26 January until 21 July 1994: 1 Yugoslav new dinar (YUM) = 12 000 000 Yugoslav dinar (YUN) 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:USD:CA:AB:A04. In 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 Calculated on the basis of mid-month and month-end rates.
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.
Comment on 1998 On 1 April 1998, the Yugoslav new dinar was devalued. We recorded the following exchange rates (buying/selling): 31 March 1998: USD 1 = YUM 6.0948/6.1318 1 April 1998: USD 1 = YUM 11.0814/11.1487 Calculated devaluation: 45.0%.
Comment on 1995 On 26 November 1995, the Yugoslav new dinar was devalued. We recorded the following exchange rates (buying/selling): 24 November 1995: USD 1 = YUM 1.4055/1.4139 26 November 1995: USD 1 = YUM 4.5194/4.8018 Calculated devaluation: 69.8% (on average).
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