Scientific review article
Autor: Svetlana Pantelić
JEL: E42, N23
doi: 10.5937/bankarstvo1405134P
SCINDEX
Summary: Following the exhausting wars against Turkey, Prince Milan Obrenović decided to mint larger denominations of silver and gold coins. The decision on minting these coins was explained by the fact that for the purpose of foreign payments, the expensive foreign money will no longer have to be purchased, given that the Serbian money will be recognized at its nominal value outside Serbia as well. The Law on the Serbian National Money confirmed by Prince Milan on December 10th 1878 introduced new types of metal coins into the monetary system of Serbia: 10 and 20 dinars in gold, 5 dinars in silver, and 2 paras in copper.