Serbia, which was formerly in union with Montenegro, separated from Montenegro after the referendum in 2006 and declared its independence in 2008 by leaving the country. After many years of political impotence, Serbia has experienced many economic difficulties. In fact, the country, which is not in a good position compared to Europe, borrowed 1 billion euros from the IMF in 2015. Current Minimum Wage in Serbia 2019
Although Serbia does not officially use the Euro currency, which is the currency of the European Union, it is often used. The use of the Serbian dinar as the official currency is seen in the country. At the current exchange rate, 19.33 Serbian dinars can be bought in Turkey for 1 TL. In exchange for the euro, 1 euro is equivalent to 118.17 Serbian dinars.
There is no net minimum wage in Serbia as working conditions change. While employees in the country serve with certain minimum wage figures according to their education status, high school graduates or university graduates do not receive the same wage. In addition, people in the sector can receive higher salaries according to their expertise and experience.
Considering these conditions in working life, the minimum wage on average is around 360 euros. In this condition, a monthly salary of 42,000 Serbian dinars is charged. Since this wage constitutes an average value, university graduates and experienced personnel can reach higher figures.
Although the minimum wage in Serbia is lower than in many countries, living conditions in the country are seen as very cheap. In other words, since reasonable prices are seen in expenditures such as rent, food expenses and transportation as fixed, savings opportunities also arise.
A person with high educational conditions in Serbia can easily find a job. In other words, people who have completed their bachelor’s degree and have completed their doctorate and master’s degree can easily find a job. However, Serbia does not create the same condition for university graduates in Turkey, and the unemployment rate in the country is around 10%. Serbia has a 40-hour weekly working system, while overtime is necessarily subject to additional wages.
When you want to rent a one-bedroom house in a central point in the country, an average figure of 15-20 thousand Serbian dinars is observed. In food expenditures, the monthly expenses per person show a figure like 6,000 dinars. So a family of 4 can live in Serbia with an average cost of around 40,000 per month. Official Currency of Serbia
What currency does Serbia, which applied for EU membership after parting ways with Montenegro and signed a €1 billion stand-by agreement with the IMF as of 2015, use and what is the state of its economy?
The currency of Serbia is the Serbian Dinar. Although the Euro is used, the Euro is not the official currency. Serbian Dinar is used as the national currency. When the dinar currency is mentioned, Arab countries come to mind. But the Dinar is one of the currency units used by 7 different Arab countries. It is used as the currency of Serbia along with 7 other countries that use the dinar. It differs, of course, with the Dinar used in other countries. Each Dinar is different and independent. They use the Serbian Dinar symbol RSD or Дин as the currency symbol. How is Serbia’s economy?
The basis of Serbia’s economy, which is mainly based on foreign-capital-backed exports and the manufacturing sector, is agriculture. At the beginning of the grown products: wheat, barley, corn, sunflower, soybean and sugar beet are the main products grown. Even if Serbia has rich resources in iron, coal and some metals, the development of factories in Serbia is a must. Serbia was particularly affected by the 2000 crisis, and unemployment increased in the country after the crisis. Unemployment in Serbia is still one of the biggest problems. Serbian Dinar History
The Dinar, whose use goes back to 1924, has gone through 6 different periods. The current Dinar was last issued and put into use in 2003.
[ilgili_yazi id=”304″] The development of the dinar
- Medieval Dinar
- The first modern Dinar (1868-1920)
- Coins
- Banknotes
- Second Modern Dinar (1941–1944)
- Third Modern Dinar (2003-present)
How much is the Serbian dinar worth?
How many Turkish Liras is the Dinar, the currency of Serbia, worth? The Serbian Dinar, which is struggling with unemployment as the country’s economy and was highly affected by the 2000 crisis, is as follows against the Turkish lira: according to the current exchange rates, 0.051 Turkish Lira can be bought for 1 Serbian Dinar. So the Serbian Dinar is a very cheap currency compared to the TL. If you want to take Serbian Dinar with you to Serbia, you may need current Serbian Dinar exchange rates. Since the Serbian Dinar currency is not a very abundant currency, the range of scissors is slightly higher when buying and selling. Therefore, you can visit the How Many Serbian Dinars are bought with the TL you have in your hand and visit the How Many TL is the Serbian Dinar page. How many euros is the Serbian dinar worth?
After Montenegro left Serbia and received its autonomy, Serbia applied to the European Union. But Serbia’s currency is still the Dinar. The euro is not used as the official currency, even if it is used. So, how many Euros is 1 Serbian Dinar worth? 1 Serbian Dinar is equivalent to 0.0085 Euro according to current exchange rates.
[ilgili_yazi id=”266″] How many dollars is the Serbian dinar worth?
The Serbian Dinar, which lives on agriculture, which is the development power of the country, and is still dealing with unemployment, is equivalent to 1 Serbian Dinar and 0.0096 US Dollars according to the current exchange rates. Serbia Currency Information
The smallest currency is 1= 100 currencies
Coin = 1,2,5,10,20 Dinars
Paper Banknotes = 10,20,50,100,200,500,1000,5000 DinarWhich Countries Use Dinars?
- Algeria (DZD)
- Bahrain (BHD)
- Iraq (IQD)
- Jordan (JOD)
- Kuwait (KWD)
- Libya (LYD)
- Serbia (RSD)
- Tunisia (TND)
