Principality of Serbia on the road towards European monetary standards

In 1868, after more than four centuries, the Principality of Serbia decided to rebuild national monetary system in line with the minting standards of the Latin Monetary Union. The paper explains the international circumstances in which this decision was made and analyzes a specific plan created for...

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Main Author: Gnjatović Dragana
Format: Article
Language:English
Published: Association of Serbian Banks 2015-01-01
Series:Bankarstvo
Subjects:
Online Access:http://scindeks-clanci.ceon.rs/data/pdf/1451-4354/2015/1451-43541502012G.pdf
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author Gnjatović Dragana
author_facet Gnjatović Dragana
author_sort Gnjatović Dragana
collection DOAJ
description In 1868, after more than four centuries, the Principality of Serbia decided to rebuild national monetary system in line with the minting standards of the Latin Monetary Union. The paper explains the international circumstances in which this decision was made and analyzes a specific plan created for the implementation of monetary reform. Because of the general shortage of small coins in circulation, Serbia decided firstly to mint domestic copper and small silver coins, and subsequently larger denominations of silver and gold coins. The research is based on archival documents of the State Council of the Principality of Serbia that are kept in the Archives of Serbia in Belgrade.
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spelling doaj.art-ffb85516e9f34b8fae7dbe1b2a6f27e72022-12-22T03:23:06ZengAssociation of Serbian BanksBankarstvo1451-43542466-54952015-01-01442123310.5937/bankarstvo1502012G1451-43541502012GPrincipality of Serbia on the road towards European monetary standardsGnjatović Dragana0Fakultet za hotelijerstvo i turizam, Vrnjačka BanjaIn 1868, after more than four centuries, the Principality of Serbia decided to rebuild national monetary system in line with the minting standards of the Latin Monetary Union. The paper explains the international circumstances in which this decision was made and analyzes a specific plan created for the implementation of monetary reform. Because of the general shortage of small coins in circulation, Serbia decided firstly to mint domestic copper and small silver coins, and subsequently larger denominations of silver and gold coins. The research is based on archival documents of the State Council of the Principality of Serbia that are kept in the Archives of Serbia in Belgrade.http://scindeks-clanci.ceon.rs/data/pdf/1451-4354/2015/1451-43541502012G.pdfnational currencyFrench minting standardsLatin Monetary UnionPrincipality of Serbia
spellingShingle Gnjatović Dragana
Principality of Serbia on the road towards European monetary standards
Bankarstvo
national currency
French minting standards
Latin Monetary Union
Principality of Serbia
title Principality of Serbia on the road towards European monetary standards
title_full Principality of Serbia on the road towards European monetary standards
title_fullStr Principality of Serbia on the road towards European monetary standards
title_full_unstemmed Principality of Serbia on the road towards European monetary standards
title_short Principality of Serbia on the road towards European monetary standards
title_sort principality of serbia on the road towards european monetary standards
topic national currency
French minting standards
Latin Monetary Union
Principality of Serbia
url http://scindeks-clanci.ceon.rs/data/pdf/1451-4354/2015/1451-43541502012G.pdf
work_keys_str_mv AT gnjatovicdragana principalityofserbiaontheroadtowardseuropeanmonetarystandards