Name of the country, Federal People's Republic of Yugoslavia, around coat of arms (1943 - 1963 version; 5 torches).

The emblem of Yugoslavia featured six five torches surrounded by wheat and burning together in one flame; this represented the brotherhood and unity of the five nations of FPR Yugoslavia: Croats, Serbs, Montenegrins, Macedonians, and Slovenes. The Bosniaks were not represented as a constituent nation, despite having an independent republic prior to the formation of the Kingdom of Yugoslavia. The date imprinted is 29 November 1943 - on this date the Anti-Fascist Council of National Liberation of Yugoslavia (AVNOJ) met in Jajce on its second meeting and formed the basis for post-war organisation of the country, establishing a federal republic (this date was celebrated as Republic Day after World War II).

Man looking right, denomination and date on right, cogwheel below.