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Macedonian denar
Македонски денар
Makedonski denar
ISO 4217 Code MKD
User(s) Republic of Macedonia Republic of Macedonia
Inflation 8.4%
Source The World Factbook, 2008 est.
Subunit
1/100 deni
Symbol ден
Plural denari
Coins 50 deni, 1, 2, 5, 10, 50 denari
Banknotes 10, 50, 100, 500, 1000, 5000 denari
Central bank National Bank of the Republic 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. The currency symbol is ден, the first three letters of its name.

Contents

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 (which is no longer being made), 1, 2, and 5 denari along these coins is the recent introduction of the 10 and 50 denari coins.

Banknotes

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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.

Banknotes and coins

Banknotes

1992 series
Obverse Reverse Value Colour Obverse Reverse
Macedonia 10 Awers.JPG Macedonia 10 Rewers.JPG 10 denars blue Monument Makedonium in Kruševo Women gathering tobacco
25 denars red Monument Makedonium in Kruševo Women gathering tobacco
50 denari, 1992- lice.jpg 50 denari, 1992- pozadina.jpg 50 denars brown Monument Makedonium in Kruševo Women gathering tobacco
100 denars dark blue Monument Makedonium in Kruševo Women gathering tobacco
500 denari, 1992- lice.jpg 500 denari, 1992- pozadina.jpg 500 denars green Monument Makedonium in Kruševo Women gathering tobacco
1000 denari, 1992- lice.jpg 1000 denari, 1992- pozadina.jpg 1000 denars Purple Monument Makedonium in Kruševo Women gathering tobacco
5000 denari, 1992- lice.jpg 5000 denari, 1992- pozadina.jpg 5000 denars red-brown Girl in front of a computer Monument Makedonium in Kruševo
10000 denari, 1992- lice.jpg 10000 denari, 1992- pozadina.jpg 10000 denars red-brown Men dancing and the monument Makedonium in Kruševo Panorama of the church St. Sofia, Ohrid
1993 series (Issued 10.05.1993)
Obverse Reverse Value Colour Obverse Reverse
10 denars blue The monument Makedonium in Kruševo Panorama of Kruševo
20 denars brown-dark red Daut-Pasha Bath in Skopje Clock tower in Skopje
50 denari, 1993- pozadina.jpg 50 denari, 1993- lice.jpg 50 denars red The Monastery of St. Pantelejmon in Skopje The old National Bank of Macedonia building in Skopje
100 denars brown The church of St. Sofia in Ohrid National Museum building in Ohrid
500 denari, 1993- pozadina.jpg 500 denari, 1993- lice.jpg 500 denars brown-dark green Monastery of St. Jovan Caneo in Ohrid Samuil's Fortress in Ohrid
1996 series
Obverse Reverse Value Colour Obverse Reverse
10 denars lilac The Egyptian goddess Isis (Izida,II c. b.c..), Ohrid; gold earing (IV c. b.c.), v. Beranci, Bitola. Mosaic in Stobi (IV-V c.).
50 denari, 1996- lice.jpg 50 denari, 1996- pozadina.jpg 50 denars blue Fresco in the church St. Pantelejmon, Nerezi; Follis coin. Arhangel Gavril in the cgurch St. Ǵorǵi , Kurbinovo.
100 denars lilac-brown Skopje from engraving by Jacobus Harevin View of Skopje from an Albanian house
500 denari, 1996- lice.jpg 500 denari, 1996- pozadina.jpg 500 denars red-brown Gold mask, v. Trebeništa, Ohrid (VI c. b.c.) Flower of poppy
1000 denari, 1996- lice.jpg 1000 denars brown Madonna Episkepis, icon from the church of St. Vrači, Ohrid, XIV c. Gregory's gallery (XIV c), church of St. Sofia, Ohrid
5000 denari, 1996- lice.jpg 5000 denari, 1996- pozadina.jpg 5000 denars red-brown-green Bronze figure of Maenad (VI b.c.), Tetovo. Dog and tree, mosaic, Heraclea Lyncestis (V-VI c), Bitola.
Upgrade of the 1996 series
Obverse Reverse Value Colour Obverse Reverse
500 denari, 2003- lice.jpg 500 denari, 2003- pozadina.jpg 500 denars red-brown Gold mask, v. Trebeništa, Ohrid (VI c. b.c.) Flower of poppy.
1000 denars brown Madonna Episkepis, icon from the church St. Vrači, Ohrid, XIV c. Gregory's gallery (XIV c), church St. Sofia, Ohrid

Coins

1993 series
Image Value Features Depiction
50 Deni Macedonia 1993.jpg 50 deni Issue: 1993,Diam. 21,5 mm; Weight 4.10g, Metal: CuZn15, Mint: Suvenir, Samokov, Period of circulation:10.05.1993 Ob. 50 ДЕНИ in the lower central field Stylized horizont with a 16-ray sun. Rev. РЕПУБЛИКА МАКЕДОНИЈА, circular; 1993 in the lower central field. Flying seagull.
1 Dinar Macedonia 1993.jpg 1 denar Issue: 1993 (1997, 2001,2006), Diam. 23,8 mm;Weight 5.10g, Metal: CuNi3Zn17, Mint: Suvenir, Samokov, Period of circulation:10.05.1993 Ob. 1 ДЕНАР in the lower central field Stylized horizont with a 16-ray sun. Rev. РЕПУБЛИКА МАКЕДОНИЈА, circular; 1993 (1997, 2001) in the lower central field. Šarplaninac shepherd dog.
2 Dinar Macedonia 1993.jpg 2 denars Issue: 1993 (2001,2006), Diam. 25,5 мм; Weight 6.20 g, Metal: CuNi3Zn17, Mint: Suvenir, Samokov, Period of circulation:10.05.1993 Ob. 2 ДЕНАРИ in the lower central field Stylized horizont with a 16-ray sun. Rev. РЕПУБЛИКА МАКЕДОНИЈА, circular; 1993 (2001) in the lower central field. Ochrid trout (Salmo letnica).
5 denari.jpg 5 denars Issue: 1993 (2001,2006), Diam. 27,5 мм; Weight 7.20 g, Metal: CuNi3Zn17, Mint: Suvenir, Samokov, Period of circulation:10.05.1993 Ob. 5 ДЕНАРИ in the lower central field Stylized horizont with a 16-ray sun. Rev. РЕПУБЛИКА МАКЕДОНИЈА, circular; 1993 (2001) in the lower central field. Lynx (Felis Lyinx).
10 denari 2008.png 10 denars Issue 2008, Diam. 24,5 mm; Weight 6,6 g, Metal: Cu70Ni12Zn18, Period of circulation: 15.11.2008 Ob.10 ДЕНАРИ in the lower central field. Stylized horizon with a 16-ray sun. Rev. REPUBLIC OF MACEDONIA, circular; 2008 in the lower central field. Peacock, floor mosaic from Stobi from the VI century, detail presented on the banknote of 10 Denars.
50 macedonian denars-coins.jpg 50 denars Issue 2008, Diam. 26,5 mm; Weight 7,7 g, Metal: Cu62Ni18Zn20, Period of circulation 15.11.2008 Ob. 50 ДЕНАРИ in the lower central field. Stylized horizon with a 16-ray sun. Rev. REPUBLIC OF MACEDONIA, circular; 2008 in the lower central field. Archangel Gabriel, fresco from the church of St. Ghiorghi in Kurbinovo - XII century, detail presented on the banknote of 50 Denars.

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]

Current MKD exchange rates
From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD
From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
From XE.com: AUD CAD CHF EUR GBP HKD JPY USD
From OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD

See also

References

External links

Old denar
Preceded by:
Yugoslav 1990 dinar
Reason: independence (on September 8, 1991)
Ratio: at par
Currency of the Republic of Macedonia
April 26, 1992 – May 5, 1993
Succeeded by:
Macedonian new denar
Reason: inflation
Ratio: 1 new denar = 100 old denari
New denar
Preceded by:
Macedonian old denar
Reason: inflation
Ratio: 1 new denar = 100 old denari
Currency of the Republic of Macedonia
1993
Succeeded by:
Current

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