Make payments and receive payments in RSD - Serbian dinar
Pay in Serbian dinars (RSD)
Mondial Change allows you to make international payments in RSD (Serbian dinar) with ease. Manage your Serbian dinar beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not apply any exchange commission on your RSD operations (a spread is applied on the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive payments in Serbian dinar (RSD)
Mondial Change allows you to receive payments in RSD (Serbian dinar). Payments in RSD are received in an account in your name with a dedicated IBAN. This RSD account with a nominative IBAN is provided to you free of charge. It allows you to receive payments in RSD from your clients or subsidiaries and also to hold Serbian dinars. The RSD can be reused to make payments in RSD. The RSD can also be converted into EUR or any other currency of your choice and repatriated to your bank account. The Serbian dinar (RSD) account can be located in France or other countries (see possible locations).
Do you want to hedge your exchange risk on the Serbian dinar (RSD)? Check our dedicated page for exchange hedging on the RSD
Mondial Change answers all your questions about payments in Serbian dinars (RSD)
What is the timeframe for an RSD payment to be credited to the beneficiary's account?
It generally takes between 1 and 2 business days for a Serbian dinar transfer to be credited to the beneficiary's account. However, these timeframes are not contractual, and our partners responsible for executing and routing payments cannot be held liable if RSD payments are credited beyond 2 business days to the beneficiary's account.
What are the fees for a Serbian dinar (RSD) payment?
The fees applied to Serbian dinar (RSD) transfers generally range from 0 to 10 euros depending on the agreement with Mondial Change's trading desk. The rate primarily depends on your annual RSD exchange volume and the number of Serbian dinar payments made during the year.
Are there minimum or maximum amounts for Serbian dinar (RSD) payments?
Mondial Change and its partners verify that your Serbian dinar flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If restrictions apply to transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a Serbian dinar (RSD) payment?
For RSD payments via the SWIFT network, it is sufficient to provide the following information:
• Full name of the beneficiary
• IBAN
Is it possible to modify a Serbian dinar (RSD) payment after it has been executed?
Yes, it is possible with some of our partners to modify a Serbian dinar (RSD) payment even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment has not been executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
Is the Serbian dinar (RSD) account provided to you a bank account and is it nominative?
The Serbian dinar (RSD) account for which we provide you the details is not a bank account per se because the account holder is not a bank but a partner payment institution. These accounts are labeled in your name, and the IBAN attached to the account is unique. You thus have a guarantee of segregation of your funds in our partners' books. The security guarantees for your funds are similar to those offered by traditional banks. The account can be located in different countries according to your operational needs. Please consult the page related to opening a Serbian dinar (RSD) account for more information.
Is it possible to hold Serbian dinars (RSD) in the RSD account provided to you?
You can use this Serbian dinar (RSD) account to receive or store Serbian dinars. The funds can then be reused to issue payments in Serbian dinar or be converted into other currencies. The account is also compatible for receiving payments in RSD from e-commerce platforms like Amazon or payment systems like Adyen or Stripe.
What are the holidays when Serbian dinar (RSD) payments cannot be executed?
January 1: New Year's Day (Nova godina)
January 2: Second day of New Year
January 7: Orthodox Christmas (Božić)
February 15: National Day – Statehood Day of Serbia (Dan državnosti)
February 16: Second day of National Day
Variable date: Orthodox Good Friday
Variable date: Orthodox Easter (Sunday)
Variable date: Orthodox Easter Monday
May 1: Labor Day (Praznik rada)
May 2: Second day of Labor Day
November 11: Armistice Day (Dan primirja)
History of the Serbian Dinar
The Serbian dinar (RSD) is the official currency of Serbia, a country in Southern Europe known for its rich cultural heritage and tumultuous history. As the national currency, the Serbian dinar plays an essential role in the country's economy and facilitates exchanges both nationally and internationally. The Serbian Dinar is subdivided into 100 para. Its ISO code is RSD, and its symbol is din. Banknotes in circulation are available in denominations of 10, 20, 50, 100, 200, 500, 1,000, 2,000, and 5,000 dinars, while coins are issued in denominations of 1, 2, 5, 10, and 20 dinars. The National Bank of Serbia is responsible for issuing and regulating the Serbian dinar, ensuring monetary stability and market confidence.
Monetary Policy of the Serbian Dinar
The National Bank of Serbia implements a monetary policy aimed at maintaining price stability and promoting sustainable economic growth. It closely monitors economic indicators such as inflation, exchange rate, and financial stability to take appropriate measures. Serbian monetary policy also aims to maintain the country's financial stability and encourage investment to support economic development.
Particularities of the Serbian Dinar
Firstly, Serbia is on the path to joining the European Union but has not yet adopted the euro as its currency. Consequently, the Serbian dinar remains the currency in circulation and used in the country. Additionally, it is important to note that the exchange rate of the Serbian dinar can fluctuate based on economic conditions and foreign exchange market fluctuations. It is therefore recommended to monitor exchange rates during international transactions involving the Serbian dinar.