Yugoslav krone

Yugoslav krone

крyна/kruna (Serbo-Croatian), krona (Slovene)
Overprinted 400 krone on 100 dinar note
Demographics
Date of introduction	December 1918
User(s)	Kingdom of Serbs, Croats and Slovenes
Issuance
Central bank	National Bank of the Kingdom of Serbs, Croats and Slovenes
This infobox shows the latest status before this currency was rendered obsolete.

Yugoslav krone or simply krone (Serbo-Croatian: крyна / kruna; Slovene: krona) was a short-lived, provisional currency used in parts of the then newly formed Kingdom of Serbs, Croats, and Slovenes (KSCS, later renamed Yugoslavia), specifically parts of which had previously been part of the Austria-Hungary. It had the form of rubber stamped (since January 1919) and tagged Austro-Hungarian krone notes and dual KSCS dinar-krone notes (since January 1920) where the krone amount was overprinted on provisional banknotes printed for the purpose of exchange of krone, as well as Serbian dinar, for the new KSCS dinar. The dual notes were withdrawn from circulation and replaced by notes denominated in dinars only by 1 January 1923. According to the official exchange rate, the Yugoslav krone value varied from 1⁄2 of a Serbian dinar at its introduction to 1⁄4 of a Serbian dinar or KSCS dinar at its withdrawal from circulation. The name translates into English as crown.

Krone notes in circulation in the teritory of the KSCS were Austro-Hungarian krone notes, rubber stamped in 1919 to distinguish them from other Austro-Hungarian krone notes in circulation in other former Austro-Hungarian territories. The decision was motivated by the desire to separate fiscally from other successor states and protect the KSCS market from inflationary pressures caused by printing of krone notes in abroad. The stamped currency was also subsequently tagged using adhesive stamps and 20% of the amount submitted for tagging was withheld by the government as a compulsory loan to the state.

The krone to dinar exchange rate was a matter of economic and political debate and it was determined at the level of 4 krone to 1 dinar. At the same time Serbian dinar was exchanged at par. The views regarding the rate remained conflicting in the KSCS and its successor states where Serbian sources point out that the exchange caused no adverse effects, while Croatian historians and public perception portray the exchange rate as unjust and depriving the areas of the KSCS outside of Serbia of wealth.