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A brief monetary history:

• Turkish currency, till 1878
• Austrian currency, 1878-1919
• Yugoslavian currency, 1919-1992
• Bosnian Dinar = (Yugoslavian Dinar) = 100 Para, 1992-1994
• new Dinar = 10,.000 old Dinar, 1994-95
• Bosnian Mark = (0.51 Euro) = 100 Fening, from 1995

By the mid fourth-century BC, coins were issued primarily on the islands of Pharos, the island of Issa and in the kingdom of Paeonia. Paeonian and Celtic coins (in Croatia) were succeeded by Roman coins following the annexation of Macedonia in the second century BC, though initially these coins were minted in Rome. After the fall of Rome, Byzantine coins were predominant until the twelfth century when Freisach pfennigs and Venetian denarii began to circulate. In the 1260s, the kings of Serbia began issuing imitations of Venetian grossi.

Serbia fell under Ottoman rule in 1459. Slavonia and northern Yugoslavia remained mostly under Hungarian rule, while Montenegro remained independent. Venice remained an important influence in Dalmatia until 1797 where Venetian coinage made up most of the currency. Ragusa survived as a republic under Turkish protection from 1526 until 1806 using a monetary system similar to that of Venice with 1 ducat equal to 40 grossetti and 240 soldi.

The current territory of Bosnia-Herzegovina was part of the Ottoman Empire until it was administered by Austria-Hungary beginning on July 13, 1878. It was annexed by Austria in 1908. After World War I, Bosnia-Herzegovina became part of the Kingdom of the Serbs, Croats and Slovenes on December 1, 1918, which was renamed Yugoslavia on October 3, 1929. After Germany invaded Yugoslavia, the country was divided on April 10, 1941 with Slovenia, Croatia and Bosnia making up Croatia; Serbia and Kosovo being made part of Serbia; Montenegro receiving nominal independence; and Macedonia made part of Bulgaria. Yugoslavia was liberated in April 1945 and was restored as the Federal Democratic Republic of Yugoslavia. The Republic of Bosnia and Herzegovina declared its independence from Yugoslavia on March 3, 1992 and gained its full independence on October 5, 1996.

Bosnia-Herzegovina used Ottoman Empire Piastres (XOTP) under the Ottoman Empire. The Lira was divisible into 100 Piastres and 4000 Paras. Banknotes were issued by the Treasury of the Ottoman Empire. The Austrian Kronen (ATK), divisible into 100 Heller, was used under Austria-Hungary. Banknotes were issued by the Staats Central Casse. After World War I, Yugoslavia adopted the Serbian Dinar, divisible into 100 Para, as its currency with 1 Dinar (YUS) equal to 4 Kronen (YUK). After Germany and Italy invaded Yugoslavia, Bosnia-Herzegovina was made part of Croatia from 1941 to 1943 and used the Croatian Kuna (HRD), divisible into 100 Banica, though German Reichskreditkassenschein (XDEK) also circulated.

In April 1945, Yugoslavia was liberated, and the Yugoslav Federation Dinar was introduced with official rates of exchange set at 1 Yugoslav Federation Dinar (YUF) equal to 40 Croatian Kuna or 20 Serbian Dinars, and 50 YUF equal to 1 US Dollar. On January 1, 1966, a Hard Dinar (YUD) replaced the Dinar at the rate of 1 Hard Dinar equal to 100 old Dinara. A Convertible Dinar (YUN) was introduced on January 1, 1990 at the rate of 1 Convertible Dinar equal to 10,000 Hard Dinara. A Reformed Dinar (YUR) was introduced on July 1, 1992 at the rate of 1 Reformed Dinar equal to 10 New Dinara. Throughout this period, Yugoslavia had various currency controls which included, at various points in time, special rates for imports, exports, nonresident accounts, socialist transactions as well as black market rates.

Banknotes were issued by the Ministry of Finance from 1919 until 1920, by the National Bank of the Kingdom of Serbs, Croats and Slovenes from 1920 until 1929, by the National Bank of the Kingdom of Yugoslavia from 1929 until April 1941, by the Serbian National Bank from April 1941 until October 1944, by Democratic Federation of Yugoslavia from 1944 until 1946, by the National Bank of Yugoslavia from January 1946 until 1995.

Upon declaring its independence, Bosnia-Herzegovina introduced its own Dinar (BAD) at par with the Yugoslav Reformed Dinar. A New Dinar (BAN) was introduced in August 1994 with 1 New Dinar equal to 10,000 old Dinara. The Convertible Mark (BAM), which is backed by a currency board and convertible into German Marks, replaced the Dinar on January 1, 1995. Under the Dayton Peace Accords, Bosnia introduced a currency board like system on August 1, 1997 with the Convertible Mark set at par to the German Mark. Banknotes were issued by the National Bank of Bosnia and Herzegovina from 1992 until August 1997, and by the Central Bank of Bosnia and Herzegovina beginning on August 11, 1997. The Convertible Marka is divisible into 100 Convertible Pfennige.

The Serbian Republic in Banja Luka created its own Dinar (BASN) set at par with the Yugoslav Reformed Dinar. When Yugoslavia introduced a new Dinar on October 1, 1993, the Serbian Republic introduced a new Dinar (BASO) at par with the Yugoslavia October Dinar. Banknotes were issued by the National Bank of the Serbian Republic of Bosnia-Herzegovina and by the National Bank of the Serbian Republic. The Serbian Republic was reconstituted into Bosnia-Herzegovina in 1996.

Here is anundated 500 Dinara note released into circulation around 1992. The note is blue and purple. The obverse depicts a young man to the left, national coat of arm and denomination in the center, and the denomination and watermark of a young man to the right. The reverse shows a mountainous view and denomination. The note is an overprint on a Yugoslavia P-106. (The Krause book is wrong on this note, it says the overprint is on Yugoslavia P-109)

• Krause# Pick-P-1b

This is a 1000 Dinara released into circulation around 1992. The note is brown and orange. The obverse features Nikola Tesla to the right, the national coat of arms and denomination in the center, and the denomination and the watermark of Nikola to the right. The reverse depicts a high frequency transformer and denomination. This note is an overprint for Yugoslavia P-107.(The Krause book is wrong on this note, it says the overprint is on Yugoslavia P-110)

• Krause# Pick-P-2b

Here is a 10 Dinara note issued in 1992. This note is purple on pink underprint. The obverse shows a large numeral '10' in a spictograph design. The reverse depicts the Mostar stone arch bridge.

• Krause# Pick-10a

This is a 25 Dinara note dated 1992. This note is blue-black on a light blue underprint. The obverse also shows a spictograph, with a large '25'. The reverse depicts the crowned arms.

• Krause# Pick-11a

Here is a 50 Dinara note dated 1992. This note is blue-black on red underprint. The obverse shows a large numeral '50' in a spictograph design. The reverse depicts the Mostar stone arch bridge.

• Krause# Pick-12a

This is a 100 Dinara note issued in 1992. This note is dull black on an olive green underprint. The obverse shows a spictograph, with a large '100'. The reverse depicts the crowned arms.

• Krause# Pick-13a

Here is a 500 Dinara note dated 1992. This note is dull violet-brown pink and ochre underprint. The obverse shows a spictograph, with a large '500'. The reverse depicts the crowned arms.

• Krause# Pick-14a

This is a 1000 Dinara note dated 1992. This note is deep purple on light green with lilac underprint. The obverse has an intricate design, and the reverse shows the Mostar Stone Arch bridge.

• Krause# Pick-15

Here is a 1992 dated 10 Dinara note, overstamped with 100 Thousand Dinara in 1993 on a P-10a note. This note is purple on pink underprint. The obverse shows a large numeral '10' in a spictograph design. The reverse depicts the Mostar stone arch bridge. The overstamp is in blue ink.

• Krause# Pick-34b

This is a 1992 dated 100 Dinara note, overstamped with 100 Million Dinara in 1993 on a P-13 note. This note is dull black on an olive green underprint. The obverse shows a spictograph, with a large '100'. The reverse depicts the crowned arms. The overprint is in blue-violet ink.

• Krause# Pick-37 - not issued

Here is a 1992 dated 10 Dinara note, overstamped with 10 Thousand Dinara in 1993 on a P-10a note. This note is purple on pink underprint. The obverse shows a large numeral '10' in a spictograph design. The reverse depicts the Mostar stone arch bridge. The overstamp is in blue ink with the added denomination in green.

• Krause# Pick-53c

Here is a 10 Dinara note dated 1992, overstamped with 10 Thousand Dinara in 1993 on a P-10a note. This note is purple on pink underprint. The obverse shows a large numeral '10' in a spictograph design. The reverse depicts the Mostar stone arch bridge. The overstamp is in blue ink with the added denomination in red.

• Krause# Pick-53d

This is a 25 Dinara note dated 1992, overstamped with 25 Thousand Dinara in 1993 on a P-11a note. This note is blue-black on a light blue underprint. The obverse also shows a spictograph, with a large '25'. The reverse depicts the crowned arms. The overstamp is in blue ink with the added denomination in red.

• Krause# Pick-54d

Here is a 1992 dated 50 Dinara note, overstamped with 50 Thousand Dinara in 1993 on a P-12a note. This note is blue-black on red underprint. The obverse shows a large numeral '50' in a spictograph design. The reverse depicts the Mostar stone arch bridge. The overstamp is in blue ink with the added denomination in green.

• Krause# Pick-55c

Here is a 1992 dated 50 Dinara note, overstamped with 50 Thousand Dinara in 1993 on a P-12a note. This note is blue-black on red underprint. The obverse shows a large numeral '50' in a spictograph design. The reverse depicts the Mostar stone arch bridge. The overstamp is in blue ink with the added denomination in red.

• Krause# Pick-55d

This is a 100 Dinara note dated 1992, overstamped with 100 Thousand Dinara in 1993 on a P-13a note. This note is dull black on an olive green underprint. The obverse shows a spictograph, with a large '100'. The reverse depicts the crowned arms. The overstamp is in blue ink with the added denomination in green.

• Krause# Pick-56c

This is a bit of a strange piece of paper. The obverse holds the design of a 100 Convertible Marka dated 1998, similar to P-70. Thanks to Amer, the reverse of this political pamphlet reads:

They did not employ you?
WE WILL DO SO!
And until employment -100KM per month!
For the welfare - People's Party through work towards welfare.

This 1992 dated 50 Dinar note is deep brown on orange and silver underprint. The obverse features the National Coat of Arms to the left, with the denomination in a heart-shaped design below a guilloche in the center. The reverse is on ochre underprint and depicts an artistic design in the center with the coar of arms to the right. The note has a watermark of a portrait of a young girl.

• Krause# Pick-133a

Here is a 50 Dinara note dated 1992.The note is deep olive-grayon ochre and multicolored underprint. The obverse shows the Serbian coat of arms to the left, the denomination in a heart shaped design below a guilloche in the center on the obverse. The reverse shows a curved artistic design on the left, and the Serbian coat of arms to the right. The watermark for this note is that of a young girl.

• Krause# Pick-134a

This is a 100 Dinara note dated 1992. The note is dark blue on lilac and silver underprint. This note shows the Serbian coat of arms to the left, the denomination in a heart shaped design below a guilloche in the center on the obverse. The reverse shows a curved artistic design on the left, and the Serbian coat of arms to the right. The note has a watermark of a young girl.

• Krause# Pick-135a

Here is a 1992 dated note valued at 1 Thousand Dinara. The note is slate gray on peach and tan underprint. The obverse shows the Serbian coat of arms to the left, the denomination in a heart shaped design below a guilloche in the center on the obverse. The reverse shows a curved artistic design on the left, and the Serbian coat of arms to the right. This note has a watermark of a young boy.

• Krause# Pick-137a

This is a 10 Thousand Dinara replacement note dated 1992. The note is gray on tan and light blue underprint. the obverse shows the Serbian coat of arms to the left, the denomination in a heart shaped design below a guilloche in the center on the obverse. The reverse shows a curved artistic design on the left, and the Serbian coat of arms to the right. This note has a watermark of a young boy.

• Krause# Pick-139a replacement

This is a 50 Million Dinara dated 1993. This note is dark brown on pink and gray underprint. This note is similar to the other notes in this series P-133 thru P-148, with the exception of the watermarks.This note shows the Serbian coat of arms to the left, the denomination in a heart shaped design below a guilloche in the center on the obverse. The reverse shows a curved artistic design on the left, and the Serbian coat of arms to the right.

• Krause# Pick-145a

This is a 1993 dated 50 Thousand Dinara note. The note is brown and dull red on multicolored underprint. The obverse features Kocic to the left and the denomination in the center. The reverse depicts the Serbian coat of arms, denomination and ornate design. There is a watermark showing a repeating greek design.

• Krause# Pick-150a

Here is a 5 Million Dinara note issued in 1993. This note is orange and gray-blue on pale orange underprint. The obverse shows Kocic to the left. The reverse depicts the Serbian coat of arms. There is a watermark showing a repeating greek design.

• Krause# Pick-153a

• Krause# Pick-