|Currency Name||Serbian Dinar (Third modern Dinar, 2003 - present)|
|System||1 Dinar = 100 Para|
The Serbian dinar replaced the Yugoslav dinar at par in 2003, when Yugoslavia was transformed into the State Union of Serbia and Montenegro. Montenegro had already adopted the Deutsche Mark and later the euro when the mark was replaced by it.
Coins currently in circulation are 1, 2, 5, 10, 20 dinar coins. All coins feature identical inscriptions in Serbian, using the Cyrillic and Latin script. The 10 and 20 dinar coins are uncommon in circulation, instead banknotes of the same value are used.
In 2003, banknotes of the (re-established) National Bank of Serbia were introduced in denominations of 100, 1000 and 5000 dinars. These were followed by 500 dinars in 2004, 50 dinars in 2005, 10 and 20 dinars in 2006 and 2000 dinars in 2011.