Zamena austrijskih kruna za dinare 1920. godine
Upon the formation of Yugoslavia it was necessary to withdraw several foreign currencies circulating in the country in order to achieve monetary sovereignty and stability. This issue was politically sensitive because the exchange of currencies meant (re)distribution of purchasing power to provinces...
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| Format: | Article |
| Language: | deu |
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Institut za Savremenu Istoriju
2014-02-01
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| Series: | Istorija 20. Veka |
| Subjects: | |
| Online Access: | http://istorija20veka.rs/wp-content/uploads/2017/11/2014_1_02_Mijatovic.pdf |
| _version_ | 1818056813483917312 |
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| author | Boško Mijatović |
| author_facet | Boško Mijatović |
| author_sort | Boško Mijatović |
| collection | DOAJ |
| description | Upon the formation of Yugoslavia it was necessary to withdraw several foreign currencies circulating in the country in order to achieve monetary sovereignty and stability. This issue was politically sensitive because the exchange of currencies meant (re)distribution of purchasing power to provinces and nations. The process of replacing Austrian crown notes with dinars started in February of 1920. The exchange rate was 4 crowns for 1 Serbian dinar, which was reasonable due to the higher purchasing power of the dinar against the crown, the prevailing market exchange rate, large dinar’s metallic reserves compared to the crown and because of the need to compensate dinar’s region for the expropriate exchange rate applied by the Austro-Hungarian government during the War. The currency exchange had positive effects. The results were more beneficial for those using crowns in Yugoslavia than in Austria or Hungary. There was a great economic conjuncture in the country. The exchange rate of the new Yugoslav Dinar immediately increased significantly, and the unification did not bring an influx of inferior Crowns from adjacent regions and thus Yugoslavia preserved its scarce capital. |
| first_indexed | 2024-12-10T12:34:48Z |
| format | Article |
| id | doaj.art-ef3e09a16c7e4e3698a49a2e6f1b4f0c |
| institution | Directory Open Access Journal |
| issn | 0352-3160 2560-3647 |
| language | deu |
| last_indexed | 2024-12-10T12:34:48Z |
| publishDate | 2014-02-01 |
| publisher | Institut za Savremenu Istoriju |
| record_format | Article |
| series | Istorija 20. Veka |
| spelling | doaj.art-ef3e09a16c7e4e3698a49a2e6f1b4f0c2022-12-22T01:48:42ZdeuInstitut za Savremenu IstorijuIstorija 20. Veka0352-31602560-36472014-02-01321/20142750Zamena austrijskih kruna za dinare 1920. godineBoško Mijatović0Center for Liberal Democratic Studies, Belgrade, SerbiaUpon the formation of Yugoslavia it was necessary to withdraw several foreign currencies circulating in the country in order to achieve monetary sovereignty and stability. This issue was politically sensitive because the exchange of currencies meant (re)distribution of purchasing power to provinces and nations. The process of replacing Austrian crown notes with dinars started in February of 1920. The exchange rate was 4 crowns for 1 Serbian dinar, which was reasonable due to the higher purchasing power of the dinar against the crown, the prevailing market exchange rate, large dinar’s metallic reserves compared to the crown and because of the need to compensate dinar’s region for the expropriate exchange rate applied by the Austro-Hungarian government during the War. The currency exchange had positive effects. The results were more beneficial for those using crowns in Yugoslavia than in Austria or Hungary. There was a great economic conjuncture in the country. The exchange rate of the new Yugoslav Dinar immediately increased significantly, and the unification did not bring an influx of inferior Crowns from adjacent regions and thus Yugoslavia preserved its scarce capital.http://istorija20veka.rs/wp-content/uploads/2017/11/2014_1_02_Mijatovic.pdfdinarmoney exchangecourseAustro-HungarianYugoslaviaAustria-Hungarykruna |
| spellingShingle | Boško Mijatović Zamena austrijskih kruna za dinare 1920. godine Istorija 20. Veka dinar money exchange course Austro-Hungarian Yugoslavia Austria-Hungary kruna |
| title | Zamena austrijskih kruna za dinare 1920. godine |
| title_full | Zamena austrijskih kruna za dinare 1920. godine |
| title_fullStr | Zamena austrijskih kruna za dinare 1920. godine |
| title_full_unstemmed | Zamena austrijskih kruna za dinare 1920. godine |
| title_short | Zamena austrijskih kruna za dinare 1920. godine |
| title_sort | zamena austrijskih kruna za dinare 1920 godine |
| topic | dinar money exchange course Austro-Hungarian Yugoslavia Austria-Hungary kruna |
| url | http://istorija20veka.rs/wp-content/uploads/2017/11/2014_1_02_Mijatovic.pdf |
| work_keys_str_mv | AT boskomijatovic zamenaaustrijskihkrunazadinare1920godine |