DEFINITION of 'RSD (Serbian Dinar)'

The currency abbreviation for the Serbian dinar (RSD), the currency for Serbia. The Serbian dinar is made up of 100 para and is often presented with the symbol RSD or, unofficially, din. Also known as the post-Yugoslavia dinar, this currency is used in all of Serbia, except for Kosovo. Kosovo declared itself an independent state in February 2008, although at that time Serbia still claimed sovereignty over the state.

BREAKING DOWN 'RSD (Serbian Dinar)'

The Serbian dinar dates back to 1214. The modern dinar showed up in 1868 in an attempt to remove the different foreign currencies in circulation and set up an independent monetary system. The Serbian dinar is the third modern dinar, and came into circulation in 2003, when it replaced the former dinar, the Yugoslav dinar, at par.

RELATED TERMS
  1. IQD

    The currency abbreviation or currency symbol for the Iraqi Dinar ...
  2. KWD

    The currency abbreviation or currency symbol for the Kuwaiti ...
  3. IQD (Iraqi Dinar)

    The currency abbreviation or currency symbol for the Iraqi dinar ...
  4. JOD (Jordanian Dinar)

    The currency abbreviation or currency symbol for the Jordanian ...
  5. KWD (Kuwaiti Dinar)

    The currency abbreviation or currency symbol for the Kuwaiti ...
  6. JOD

    The currency abbreviation or currency symbol for the Jordanian ...
Related Articles
  1. Trading

    Is the Iraqi Dinar Investment a Wise Investment?

    The Iraqi dinar is a hot investment--but is it a wise one?
  2. Trading

    Iraqi Dinar: Can Comparables Guide Investment?

    Is the Iraqi dinar a good investment? Compared to the Kuwaiti dinar, the Vietnamese dong, and the Egyptian pound, it doesn't stack up.
  3. Trading

    The 6 Strongest Currencies Vs. The U.S. Dollar in 2016

    Learn about the world currencies that are stronger than the U.S. dollar, as of February 2016, as well as which factors have contributed to the dollar's strength.
  4. Financial Advisor

    Top Tips for Diversifying with Exotic Currencies (UUP, EUO)

    Is there an opportunity in exotic currencies right now, or are you safer sticking to the major ones?
  5. Financial Advisor

    Worst Hyperinflations in History

    Here are the three worst episodes of hyperinflation in history. Each makes Venezuela's current inflation crisis seem modest in comparison.
  6. Insights

    Iraq Is Ripe For Adventurous Investors

    Don't laugh--many consider Iraq as an up and coming investment destination,.
  7. Trading

    The U.S. Dollar's Unofficial Status as World Currency

    Discover how and why the U.S. dollar emerged as official currency in many foreign countries.
  8. Trading

    The Pros & Cons Of A Forex Trading Career

    Trading foreign currencies can be lucrative, but there are many risks. Investopedia explores the pros and cons of forex trading as a career choice.
  9. Trading

    4 Of The Most Popular Traded Currencies

    Every day, trillions of dollars trade in the forex market. Here are a few of the most popular currencies, and some characteristics for each.
  10. Trading

    Top Exchange Rates Pegged To The U.S. Dollar

    From the end of World War II until around 1971, all countries in the IMF pegged their currencies to the U.S. dollar. Today, many still do.
RELATED FAQS
  1. How do I calculate how much I've gained or lost on a stock holding?

    This may seem like a fairly simple question, but it can be confusing if you fail to break it down into the proper steps. ... Read Answer >>
  2. Why is the U.S. dollar shown on the top of some currency pairs and on the bottom ...

    All currencies are traded in pairs. The first currency in the pair is called the base currency while the second is called ... Read Answer >>
  3. Why isn't the EUR/USD currency pair quoted as USD/EUR?

    In a currency pair, the first currency in the pair is called the base currency and the second is called the quote currency. ... Read Answer >>
  4. Is there a world currency? If so, what is it?

    There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has ... Read Answer >>
  5. How can I invest in a foreign exchange market?

    The foreign exchange market, also called the currency market or forex (FX), is the world's largest financial market, accounting ... Read Answer >>
  6. Why do forex traders use a currency converter?

    All currencies are quoted in pairs - one country's currency against another country's currency. A currency converter is used ... Read Answer >>
Hot Definitions
  1. Cash Flow

    The net amount of cash and cash-equivalents moving into and out of a business. Positive cash flow indicates that a company's ...
  2. PLUS Loan

    A low-cost student loan offered to parents of students currently enrolled in post-secondary education. With a PLUS Loan, ...
  3. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  4. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  5. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  6. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
Trading Center