In order to understand the basic unit of currency for Yugoslavia, it is essential to delve into the country's history. Yugoslavia, which was formed in 1918, was a federal state located in Southeast Europe. It comprised six republics, including Serbia, Croatia, Bosnia and Herzegovina, Slovenia, Montenegro, and Macedonia.

Before the breakup of Yugoslavia in the 1990s, the basic unit of currency was the Yugoslav dinar (YUD). The dinar was introduced in 1918, replacing the Serbian dinar as the official currency. Initially, the dinar was pegged to the French franc, but it later became a floating currency.

After the breakup of Yugoslavia, several successor states emerged, each with their own currency. Serbia and Montenegro, the remaining federal entities, formed the Federal Republic of Yugoslavia in 1992. The new country introduced a new currency known as the new Yugoslav dinar (YUM).

In 2003, the Federal Republic of Yugoslavia was transformed into a looser union called Serbia and Montenegro. Consequently, a new currency called the Serbian dinar (RSD) was introduced, replacing the new Yugoslav dinar. Montenegro eventually gained independence in 2006, leading to the introduction of the Montenegrin euro (EUR) as its official currency.

Today, the basic unit of currency for the successor state of Serbia is still the Serbian dinar (RSD). The dinar is subdivided into 100 para. Banknotes come in denominations of 10, 20, 50, 100, 200, 500, 1,000, 2,000, and 5,000 dinars, while coins are available in 1, 2, 5, 10, and 20 dinar denominations.

It is important to note that the Yugoslav dinar (YUD) and the new Yugoslav dinar (YUM) are no longer in circulation and have been replaced by the Serbian dinar (RSD). As a result, when referring to the basic unit of currency for Yugoslavia, it is crucial to consider the specific time period in question.

In conclusion, the basic unit of currency for Yugoslavia before its breakup was the Yugoslav dinar (YUD). However, after the dissolution of the country, Serbia adopted the Serbian dinar (RSD) as its official currency.

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