The Socialist Federal Republic of Yugoslavia (SFRY) was formed in 1963, when the former Federal People's Republic of Yugoslavia was renamed. Under the leadership of Josip Broz Tito, a distinctive socialist system independent of the Soviet Union was established, consisting of six republics: Serbia, Croatia, Slovenia, Bosnia and Herzegovina, Montenegro, and Macedonia. The country became a leader in the Non-Aligned Movement, while implementing economic reforms and maintaining a system of workers' self-government. After Tito's death in 1980, ethnic and economic tensions intensified, and Yugoslavia finally disintegrated in 1991–1992, and bloody wars broke out between the successor states.
The coinage of Yugoslavia from 1963 to 1992 reflected the economic and political history of the Socialist Federal Republic of Yugoslavia (SFRY). During this period, the Yugoslav dinar (YUD) was the official currency, and the National Bank of Yugoslavia (Narodna Banka Jugoslavije) issued banknotes and coins. Coins minted from 1963 onwards were usually made of nickel-copper alloy, aluminium or bronze. The denominations were as follows: Para: 1, 5, 10, 20, 50 para (smaller denominations), Dinar: 1, 2, 5, 10, 20, 50, 100 dinars (larger denominations). The design of the coins changed several times over the years, but they often depicted Yugoslav symbols such as the star, the ear of wheat and mountains. Commemorative coins were also issued for various anniversaries and events. The denominations of banknotes varied significantly over the period, depending on the economic situation, especially due to the high inflation experienced in the 1980s. Some typical denominations were: 5, 10, 20, 50, 100, 500, 1000, 5000, 20000, 50000, 100000 dinars. The banknotes often featured depictions of prominent Yugoslav personalities, landscapes, and historical events. A major monetary reform was implemented in 1965, when a new dinar was introduced, equivalent to 100 old dinars. At that time, new coins and banknotes were put into circulation. In the late 1980s, Yugoslavia experienced a severe economic crisis, which led to hyperinflation. As a result, banknotes of increasingly larger denominations had to be issued. The breakup of Yugoslavia in the early 1990s had a major impact on coinage. The successor states began to introduce their own currencies, although the Yugoslav dinar remained in circulation for a while in the remaining territory of the Federal Republic of Yugoslavia.
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