The
Privileged National Bank of the Kingdom of Serbia took over the role of central bank for the new country in late 1918 and was subsequently renamed several times, as
National Bank of the Kingdom of Serbs, Croats and Slovenes (in 1920) then
National Bank of the Kingdom of Yugoslavia (in 1929). It was already then commonly referred to as the
National Bank of Yugoslavia. During
World War II, some of its operations were taken up by the
Serbian National Bank and
Croatian State Bank. The
National Bank of the Federal People’s Republic of Yugoslavia was (re-)established in 1946 and eventually took the name
National Bank of Yugoslavia (NBJ) in 1961. In the early 1970s, Yugoslavia replaced the unitary NBJ with a
system of National Banks in which a downsized NBJ eventually coexisted with eight sub-federal national banks, one for each of the country's
six republics and two autonomous provinces: •
National Bank of Bosnia and Herzegovina •
National Bank of Croatia •
National Bank of Macedonia •
National Bank of Montenegro •
National Bank of Serbia •
National Bank of Slovenia Following the
breakup of Yugoslavia, the respective National Banks of Bosnia and Herzegovina, Croatia, Macedonia and Slovenia became fully-fledged central banks of the respective countries, whereas those of Montenegro and Serbia which were downgraded to branch status as the NBJ became the rump country's unitary central bank. The
Central Bank of Kosovo was later (re-)created following the country's secession from Serbia in 1999, as was the
Central Bank of Montenegro in 2001. ==Interwar period==