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Money
Currency: The official currency in Serbia is the New Yugoslav Dinar. New Yugoslav Dinar (N.Din) = 100 paras. Notes are in denominations of N.Din5000, 1000, 200, 100, 20 and 10. Coins are in denominations of N.Din1, and 50, 20 and 10 paras.
The official currency in Montenegro is the Euro. Euro (€) = 100 cents. Notes are in denominations of €500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of €2 and 1, and 50, 20, 10, 5, 2 and 1 cents.
Currency exchange: As elsewhere in the ex-Yugoslav republics, the only true repositories of value and frequently exchanged currencies are the Euro and the US Dollar (the Pound Sterling is rarely used in the republic). Money should be exchanged through official exchange offices only.
Credit & debit cards: Visa, Mastercard and Amex are usually accepted.
Travellers cheques: Although acceptable in theory, in practice these can be very hard to exchange. It is advisable to take hard currency and credit or debit cards.
Currency restrictions: The import of foreign currency is unlimited provided declared upon arrival. The export of foreign currency is limited to €2000 or the amount imported. Any money not declared when leaving the country may be confiscated. The import and export of local currency is limited to N.Din120,000.
Exchange rate indicators
The following figures are included as a guide to the movement of the New Yugoslav Dinar and the Euro against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 95.35 | 94.74 | 96.48 | 93.07 | | $1.00= | 65.43 | 62.29 | 61.01 | 58.45 |
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | €1= | £0.63 | £0.64 | £0.63 | £0.68 | | €1= | $0.92 | $0.97 | $1.00 | $1.08 |
Banking hours: Mon-Fri 0700-1500, Sat 0800-1400.
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