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LOCAL CURRENCY IN SERBIA

Want to know the local currency in Serbia? The local money in Serbia is called Dinar.

The Serbian Dinar is issued and managed by the National Bank of Serbia. To find out the current currency exchange rates for Dinar to other major currencies of the world, click on foreign currency rates.

Serbian Currency Information
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The currency used in Serbia is called as the Dinar. This currency is denoted with the currency sign RSD or ??? and the ISO 4217 Code for the Serbian Dinar is RSD. The Dinar, is the official currency of the Serbia . It is divided into 100 smaller units called para.

The constitution of Serbia provides that the Serbia government shall have the power to print the Serbian Dinar and para coins to be used as a legal tender in Serbia. The Serbian Dinar bank notes and Para coins are both designated as "legal tender" in payment of debts.

The Serbian Dinar bill uses the decimal system, consisting of 100 equal units.

The symbol RSD or ??? , usually written before the numerical amount, is used for the Serbian Dinar.

Currently printed bank notes denominations are 10, 20, 50, 100, 200, 500, 1000, 2000, 5000 and the coins are minted in the denominations of 1, 2, 5, 10, 20 .

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How Does Balance of Trade and Investment Affect the Value of the Serbian Dinar
Financial analysts regularly cite the balance of trade and investment in Serbia as the most important influence on the value of the Dinar. The difference between what the Serbia exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Dinar exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Dinar exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Serbian Dinar.
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