ESTABLISHMENT OF THE FINANCIAL SYSTEM IN THE KINGDOM OF SERBS, CROATS, AND SLOVENES AFTER THE FIRST WORLD WAR

Abstract

As a socially, politically, and economically complex community, the Kingdom of Serbs, Croats, and Slovenes faced numerous financial difficulties. In order to enable the state to function smoothly, revive and develop economic activities, and allow citizens to meet their daily needs, it was necessary to establish a unified financial system. The elements of this system, particularly the establishment (or redefinition) of a central bank, expanding its network by incorporating branches of the Austro-Hungarian Bank to facilitate payment transactions, controlling the kronen and replacing them with new national currency, and implementing measures to stabilize the dinar, will be examined by the authors through the analysis of literature and primary archival sources.

Keywords

• kingdom of serbs
• croats
• and slovenes
• financial system
• financial reconstruction
• national bank
• inflation
• exchange of currency
• krone
• dinar
• currency stabilization