Macedonian denar Македонски денар (Macedonian)
ISO 4217 Code	MKD
User(s)	Republic of Macedonia
Inflation	3%
Source	The World Factbook, 2006 est.
Subunit
1/100	deni
Plural	denari
Coins	50 deni, 1, 2, 5 denari
Banknotes	10, 50, 100, 500, 1000, 5000 denari
Central bank	National Bank of Macedonia
Website	www.nbrm.gov.mk

The denar (plural: denari, Macedonian: денар and денари, denar and denari, ISO 4217 code: MKD) is the currency of the Republic of Macedonia. It is subdivided into 100 deni. The name denar comes from the name of the ancient Roman monetary unit, the denarius.

History

The first denar was introduced on April 26, 1992, and replaced the 1990 version of the Yugoslav dinar at par. On May 5, 1993, the currency was reformed, with one new denar (MKD) being equal to 100 old denar (MKN).

Coins

No coins were issued for the first denar. In 1993, coins for the second denar were introduced in denominations of 50 deni, 1, 2 and 5 denari.

Banknotes

First denar

Notes were introduced in 1992 in denominations of 10, 25, 50, 100, 500, 1000, 5000 and 10,000 denari.

Second denar

In 1993, the new denar was issued in denominations of 10, 20, 50, 100 and 500. The 20 denari was only issued in this first series of notes. In 1996, 1000 and 5000 denari notes were added.

Souvenir currency

As of 2002, Vevčani, a village in the south-western region of Macedonia and self-styled "independent Republic", was issuing its own money, the ličnik, as a souvenir. The money is clearly labelled as "specimen" and was never intended to be used as official, legal currency.^[1]

See also

• Economy of the Republic of Macedonia

References

External links

Wikimedia Commons has media related to:

Macedonian money

• Don's World Coin Gallery - Macedonia
• Ron Wise's World Paper Money - Macedonia ^{Mirror site}
• The Global History of Currencies - Macedonia
• Global Financial Data currency histories table ( Microsoft Excel format)
• Images of banknotes and coins, National Bank of Macedonia
• Ministry of Finance website