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We have been asked by several customers about the value of their 100,000 and 50,000 Republika Hrvatska banknotes. In this blog post we will do our best to explain the value of Croatian Dinara banknotes issued in 1993.
High value Republika Hrvatska banknotes
Croatian Dinara banknotes were first issued in 1991 when Croatia became independent. The Balkan country dissolved its association with Yugoslavia. Croatia needed a new currency to replace the Yugoslav Dinar: the Croatian Dinar. Provisional banknotes of 1 to 1,000 dinara were issued in 1991. They all had the same design. New banknotes of 2,000, 5,000 and 10,000 dinara were issued in 1992. The two highest value dinara banknotes were issued in 1993: those of 50,000 dinara and 100,000 dinara.100,000 Hrvatskih Dinara
- colour: green
- dimensions: 130mm x 67mm
- composition material: paper
- front: portrait of astronomer Ruđer Bošković
- back: Sculpture of a sitting woman “Povijest Hrvata” meaning “History of the Croats”
The 100,000 Republika Hrvatska banknote is the highest value banknote of the former currency of Croatia, the Croatian Dinar.
50,000 Hrvatskih Dinara
- colour: pink/red
- dimensions: 130mm x 70mm
- composition material: paper
- front: portrait of astronomer Ruđer Bošković
- back: Sculpture of a sitting woman “Povijest Hrvata” meaning “History of the Croats”
The 50,000 Republika Hrvatska banknote is the second highest value banknote of the former currency of Croatia, the Croatian Dinar.
Are these Hrvatskih Dinara banknotes worth many thousands?
What is the value of 100,000 dinara and 50,000 dinara banknotes from Croatia? Can we use a currency converter to find out what these Hrvatskih Dinara banknotes are worth?If you enter ‘100,000 HRK to GBP’ or ‘100,000 HRK to USD’ on a currency converter site such as XE.com, this indicates a value of well over £10,000 pounds and over $15,000 US dollars! That’s not bad is it? We got the following values from XE.com:
- 100,000 Croatian Kuna: £11,860 pounds or $16,684 US dollars
- 50,000 Croatian Kuna: £5,930 pounds or $8,342 US dollars
Is this correct? Does that mean you can exchange these Croatian Dinar banknotes for a nice amount of extra cash? Maybe splash out on a luxury cruise holiday to Croatia?
Unfortunately not. The high values shown here are for 100,000 and 50,000 Croatian Kuna. But these 100,000 and 50,000 Republika Hrvatska banknotes are Croatian Dinars, not kunas.
Croatian Dinar vs Croatian Kuna
The Croatian Dinar was replaced by the Croatian Kuna in 1994, at a ratio of 1000 dinara for 1 kuna. As a result of very high inflation, the Croatian Dinar lost its value quickly. In 1993, Croatian inflation was as high as 1500%. The highest value 100,000 Republika Hrvatska banknote was replaced by a new banknote of 100 kuna in 1994. The second highest value 50,000 Republika Hrvatska banknote was replaced by a new banknote of 50 kuna in 1994.- 100,000 dinara = 100 kuna: £11.86 pounds or $16.68 US dollars
- 50,000 dinara = 50 kuna: £5.93 pounds or $8.34 US dollars
Does that mean you can exchange these 50,000 and 100,000 Croatian Dinara banknotes for these amounts? Again, unfortunately not. The exchange deadline for Hrvatskih Dinara banknotes expired shortly after they were replaced by the Kuna banknotes. Croatian Dinara banknotes have no more monetary value and should be considered as collectable items, or so called ‘numismatic pieces’. So are the 50,000 and 100,000 dinara banknotes maybe rare collector items with a high collector’s value? Again, no.
Republika Hrvatska banknotes collectable value
In 1996, the Croatian National Bank flooded the collector market with 600,000 sets of invalid dinar banknotes in denominations of 1, 5, 10, 25, 100, 500, 1,000, 2,000, 5,000, 10,000, 50,000 and 100,000 Croatian Dinar series, in uncirculated mint condition in the original packaging of cash receivers.According to the numismatic catalog ‘Coins and banknotes from Yugoslavia, Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Montenegro and Macedonia‘ by Zlatko Viščević, the collector’s value, or ‘catalog value’ of the two highest denomination Croatian Dinara banknotes is the following:
- 100,000 Croatian Dinara in uncirculated (mint) condition: $1 US dollar
- 50,000 Croatian Dinara in uncirculated (mint) condition: $1 US dollar
50,000 and 100,000 Republika Hrvatska bills are worth very little
Unfortunately the value of a 50,000 dinara or 100,000 dinara banknote from Croatia is very low. Around $1 US dollar per piece. These banknotes have no monetary value and also lack any real collectable value. For these reasons, we don’t exchange Croatian Dinara banknotes at Leftover Currency.The following Croatian Kuna banknotes or coins can be exchanged for cash:
