1993 Yugoslavia 500 Billion Dinars PMG 66 EPQ P-137a Gem Uncirculated Hyperinflation Note

1993 Yugoslavia 500 Billion Dinars PMG 66 EPQ P-137a Gem Uncirculated Hyperinflation Note

Here is a remarkable 1993 Yugoslavia 500,000,000,000 (500 Billion) Dinars banknote, certified PMG 66 EPQ Gem Uncirculated, catalogued as Pick #137a. This note is an extraordinary artifact of one of the most extreme cases of hyperinflation in world history, when the Yugoslav dinar lost value so rapidly that denominations climbed from millions to trillions in just a few months.

The obverse features a portrait of Jovan Jovanović Zmaj (1833–1904), one of Serbia’s most beloved poets, often remembered for his children’s poetry and patriotic writings. On the reverse, the design highlights the National Library of Serbia in Belgrade, symbolizing cultural preservation amid a collapsing economy. Security is reinforced with a diamond pattern watermark, which remains crisp and clear on this example.

Issued by the National Bank of Yugoslavia during the catastrophic 1993 hyperinflation, this note had little practical use at the time, as prices doubled every few days and higher denominations were quickly issued. Today, however, such notes are treasured by collectors as tangible reminders of economic instability and resilience.

This example is particularly desirable due to its PMG 66 EPQ grade, meaning it is Gem Uncirculated with Exceptional Paper Quality, retaining its original crispness, embossing, and color vibrancy.

Collector’s Value:
Hyperinflated Yugoslav notes are some of the most iconic collectible banknotes in the world. The 500 Billion Dinar denomination represents a pivotal stage before the infamous trillion dinar issues, making it a must-have for serious collectors. In PMG Gem 66 EPQ, this note is preserved at the highest standard, perfect for world currency enthusiasts, history collectors, and those building a comprehensive hyperinflation set.