The first was introduced in 20 July 1992[1] in parallel with the new Yugoslav dinar of that year, to which it was equal.

In 1995, Croatia took control of the region and the Croatian kuna became the currency.

In 1991, three uniface war loan certificates denominated in 10,000, 20,000, and 50,000 динара (dinara) were prepared, but never issued.

[3] These were followed, on 20 July 1992,[4] by regular type notes for 10, 50, 100, 500, 1000 and 5000 dinars.

Later in 1992, notes were issued by the Narodna Banka Republike Srpske Krajine (National Bank of Republic of Srpska Krajina) in denominations of 10,000 and 50,000 dinars.