Macedonian denar

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One Macedonian denar (front)	(back)

ISO 4217 Code MKD

User(s) Republic of Macedonia

Inflation 0%

Source The World Factbook, 2005 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 the Republic of Macedonia

Website www.nbrm.gov.mk

The Macedonian denar (MKD), split into 100 deni, is the official currency of the Republic of Macedonia. The currency was introduced on April 26, 1992 and at that time was equivalent to the 1990 version of Yugoslav dinar. On May 5, 1993 the currency was reformed, with one new denar (MKD) being equal to 100 old denars (MKN). The denominations are split into notes of 10, 50, 100, 500, 1000, and 5000 denars and coins of 1, 2, and 5 denars and 50 deni. The name denar comes from the name of the ancient Roman monetary unit, the denarius.

1 Design controversy
2 Souvenir currency
3 See also
4 Notes and references
5 External links

[edit] Design controversy

Bills appearing in 1992, with a depiction of the Greek city of Thessaloniki.

The Republic of Macedonia declared independence from Yugoslavia on September 8, 1991. According to the New York Times, a version of the new country's currency began to appear in January of 1992^[1]. The bills circulating contained an image of Thessaloniki, the second largest city in Greece and part of the Greek area named Macedonia. Prominent in the image was the White Tower of Thessaloniki, a historic landmark. The bills prompted "outrage in Athens and... in the capital of Greek Macedonia [Thessaloniki]"^[1]. These bills were never used by the government of the Republic of Macedonia.

[edit] Souvenir currency

As of 2002, Vevcani, a village in the southwestern region of the Republic of Macedonia and self-styled "independent Republic", was issuing its own money, the licnik, as a souvenir. The money is clearly labelled as "specimen" and was never intended to be used as official, legal currency.^[2]

Current MKD exchange rates

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[edit] See also

Economy of the Republic of Macedonia

[edit] Notes and references

^ ^a ^b Simons, Marlise. "As Republic Flexes, Greeks Tense Up", New York Times, February 3, 1992.
^ "Macedonia Tolerates a 'Republic' in Its Midst", Associated Press, January 6, 2002.

[edit] External links

	Wikimedia Commons has media related to: Macedonian money

Images of banknotes and coins, National Bank of the Republic of Macedonia
Ministry of Finance website
Old and New Banknotes

Old denar

Preceded by: Yugoslav 1990 dinar Reason: independence (on September 8, 1991) Ratio: at par	Currency of 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 new denar Reason: inflation Ratio: 1 new denar = 100 old denari	Currency of Republic of Macedonia 1993 –	Succeeded by: Current

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