Banovac, banski denar or banica is a coin struck and used in the Kingdom of Croatia between 1235 and 1384, [2] replacing the Croatian frizatik (which was also minted by Duke of Slavonia). [3] The Latin name denarius banalis was derived from the words ban ("viceroy") and denarius . [4]
The coins were first minted in Pakrac, and from 1260 in Zagreb. [3] They were well made, of quality silver, because of which became common exchange currency in Central Europe. [3] There exist some 400 types and sub-types of banovac. [5]
Banovac included on obverse the image of a marten (Croatian : kuna) between two six-pointed stars (inspired by moving leopard/lion from frizatiks and duke's CoA [1] ), because marten pelts were highly valued goods used as a form of payment in Slavonia (marturina). [5] This was one of the reasons for naming the former currency of the Republic of Croatia the kuna (used 1994–2023). [6] On the reverse included image of Patriarchal cross#Hungary, in upper part crescent and star (symbol), and lower part two crowned heads facing each other. [5]
The legends are:
Initials on the Árpád Dynasty coins are: