RSDSerbian DinarSerbian Dinar (RSD)
The Serbian dinar is Serbia's national currency and legal tender. The National Bank of Serbia oversees the monetary framework and publishes decisions concerning the issue and circulation of dinar banknotes and coins. RSD is the ISO 4217 code that distinguishes Serbia's dinar from other currencies that use the same historical name. The dinar is divided into 100 para, although everyday cash values are normally expressed in whole dinars. Clear currency identification matters in travel, invoices and data systems because a word such as “dinar” alone does not specify which country's unit is being quoted.
- ISO code
- RSD
- Symbol
- RSD
- Region
- Europe
- Currency type
- Fiat currency
- Exchange system
- Serbian Dinar operates under the reviewed market-determined exchange rate arrangement.
- Last reviewed
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Quick facts
RSD at a glance
Currency profile
How RSD works
The Serbian dinar is Serbia's national currency and legal tender. The National Bank of Serbia oversees the monetary framework and publishes decisions concerning the issue and circulation of dinar banknotes and coins. RSD is the ISO 4217 code that distinguishes Serbia's dinar from other currencies that use the same historical name. The dinar is divided into 100 para, although everyday cash values are normally expressed in whole dinars. Clear currency identification matters in travel, invoices and data systems because a word such as “dinar” alone does not specify which country's unit is being quoted.
National Bank of Serbia administers RSD within a market-determined exchange rate system.
- The current Serbian monetary system and RSD code followed the currency arrangements established in the early 2000s.
- The reviewed cash profile records RSD 10, RSD 20, RSD 50, RSD 100, RSD 200, RSD 500, RSD 1,000, RSD 2,000, RSD 5,000 for banknotes and RSD 1, RSD 2, RSD 5, RSD 10, RSD 20 for coins.
Context
Why this currency matters
The modern Serbian dinar is part of a long monetary history, but the current RSD code refers to the currency used by Serbia's present payment system. The National Bank's cash-operation decisions document the introduction of recent coin denominations and the circulation of banknotes, showing that physical currency is maintained through formal notices rather than informal market convention. RSD is generally treated as a market-based currency in comparison tables. Historical comparisons should retain the date and direction of the pair. Serbian dinar references can appear in domestic cash information, central-bank materials and cross-border rate tables. RSD is the stable identifier across those contexts. A reader comparing amounts should also keep the date and direction of conversion visible, because an official reference rate and a retail quote may differ after spreads, fees or settlement timing.
Monetary framework
Exchange arrangement
Serbian Dinar operates under the reviewed market-determined exchange rate arrangement.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for RSD
Modern Serbian dinar restored
Serbia re-established a national dinar during nineteenth-century monetary reform.
National Bank of SerbiaRSD framework emerged
The Serbian dinar became the currency of Serbia within the restructured state union.
National Bank of SerbiaIndependent national currency
The National Bank of Serbia continued RSD issuance after Serbia became independent.
National Bank of Serbia
Usage and economy
How RSD is used
- RSD denominates Serbian wages, taxes, retail payments and domestic accounts.
- Businesses and travelers commonly compare the dinar with EUR and neighboring Balkan currencies.
Banknotes and coins
RSD currency units
The issuing authority documents the reviewed RSD banknote denominations used in the current cash system.
The issuing authority documents the circulation coin system for RSD.
One Serbian Dinar unit is recorded with 2 decimal places and uses Para as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
RSD questions
What is a para?
The para is the smaller unit of the Serbian dinar. One dinar is divided into 100 para.
Who issues Serbian banknotes and coins?
The National Bank of Serbia is the authority that publishes rules and decisions for Serbian banknotes and coins.
Why can a Serbian dinar reference rate differ from a bank quote?
A reference rate is a dated comparison value. Banks and exchange services can add a spread, fee or different transaction timing.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.