Macedonian Denar Currency | Macedonia Notes

Macedonian Denar

Macedonian denar Currency:

The denar is the official currency of Republic of Macedonia. On 8 September 1991, The Republic of Macedonia declared independence from Yugoslavia. At the time the country was using the Yugoslav dinar. On 26 April 1992 the first denar was introduced to replace the 1990 version of the Yugoslav dinar at par. But first denar was a temporary currency; no coins were issued for the first denar. Temparary bank notes were introduced in on 27 April 1992. In May 1993, a new permanent Macedonian Denar was issued at the rate of 1 new Denar = 100 old Denar. It is subdivided into 100 deni.

Coins of second denar were introduced in In May 1993, in the denominations of 50 deni, 1, 2, and 5 denari. In November 2008, 10 and 50 denari coins were introduced. Due to low mintage the 50 deni coin was withdrawn in 2013. Coins are minted at the Suvenir factory in Samokov. Bank notes of new denar were issued in 1993 in denominations of 10, 20, 50, 100 and 500. 1000 and 5000 denari notes were issued in 1996 and 200 and 2000 denari notes were added in 2016. To rebalance the current structure of the notes in circulation the National Bank of the Republic of Macedonia will begin withdrawing the 5000 denari banknote from circulation.

Macedonian Denar

Macedonian Denar (Macedonia (FYROM)):

Code: MKD

Subunit:       

1/100 = deni / дени (no longer used)

Symbol: den / ден

Banknotes:  

10, 50, 100, 200, 500, 1000, 2000 denari, 5000 denari (The 5000 denari banknote will soon be discontinued)

Coins:

1, 2, 5, 10, 50 denari

Central bank:         

National Bank of the Republic of Macedonia

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