Macedonian denar

The denar (Macedonian: ?????; paucal: denari / ??????; sign: den, code: MKD) is the
currency of North Macedonia.

Contents
1 History
1.1 Etymology
2 First denar (1992�1993)
2.1 History
2.2 Coins
2.3 Banknotes
2.3.1 Production
2.3.2 Design
2.4 Exchange rates
3 Second denar (1993�present)
3.1 Coins
3.1.1 FAO coinage (1995)
3.2 Banknotes
3.3 Exchange rates
4 See also
5 References
6 External links
History
The first Macedonian denar was established on 26 April 1992.[1] It replaced the
1990 version of the Yugoslav dinar at par. In May 1993, the currency was reformed.
A new denar was introduced, with one new denar being equal to 10000 old denari.

Etymology
The name denar comes from the name of the ancient Roman monetary unit, the
denarius. The currency symbol is ???, the first three letters of its name.

First denar (1992�1993)

The first denar was a temporary currency introduced in April 1992 to establish the
monetary independence of the Republic of Macedonia. It replaced the Yugoslav dinar
at par.

History
The Republic of Macedonia declared independence from Yugoslavia on 8 September
1991. At the time the country was using the Yugoslav dinar. Secret preparations
were started to introduce its own currency. In April 1992 the country was ready to
acquire monetary independence from Yugoslavia. On 26 April the national bank was
established and the denar declared the currency of the country. Notes ("value
coupons") entered circulation the next day and on 30 April the Yugoslav dinar
ceased to be legal tender.[2] The first denar was replaced at a rate of 100 to 1 by
a new, permanent, denar consisting of notes and coins in May 1993.

Coins
No coins were issued for the first denar.

Banknotes
Temporary notes ("value coupons") were introduced on 27 April 1992, although
preparations for producing them began much earlier. They remained in circulation
until replaced by permanent notes of the second denar during 1993.

Production
The notes were printed by the printing firm �11 October� in Prilep. Printing
started on 15 January 1992. The difficulties of creating a new currency in secret
are reflected in the notes themselves. The paper, which was purchased from
Slovenia, proved to be of poor quality and lacking inadequate security. Although
denominated in denari, the name of the currency does not appear on the notes
because they were printed prior to the adoption of the Law on the Monetary Unit.
Likewise, the issuer appears (in Macedonia) as the National Bank of Republic of
Macedonia, not its successor, the National Bank of the Republic of Macedonia.[3]

Design
The notes were designed by a young employee
only one week to design them and not a very
lowest denominations are identical with the
feature a man and two women picking tobacco
devoted to the Ilinden monument in Kru�evo,
�expresses the eternal fight of citizens of
freedom.�
of the "11 October" printer. He had
large budget. That is why the six
exception of their colours. They all
leaves on the front, with the back
which, according to the bank,
Macedonia for life in peace and

Banknotes of the first denar

Image Value Dimensions Watermark Description Date of
Obverse Reverse Obverse Reverse printing issue withdrawal lapse
10 denari 143mm � ? mm Design Women gathering tobacco Monument
Makedonium in Kru�evo 1992 27 April 1992 10 May 1993[4] ?
25 denari 143mm � ? mm
50 denari* 143mm � ? mm 31 August 1993[4]
100 denari 143mm � ? mm
500 denari 143mm � ? mm
1000 denari, 1992- lice.jpg 1000 denari, 1992- pozadina.jpg 1000 denari 143mm
� ? mm 30 November 1993[4]
5000 denari 143mm � ? mm Monument Makedonium in Kru�evo Girl in front of a
computer
10000 denari, 1992- lice.jpg 10000 denari, 1992- pozadina.jpg 10,000 denari
143mm � ? mm Panorama of the church St. Sofia, Ohrid Men dancing and
the monument Makedonium in Kru�evo
These images are to scale at 0.7 pixel per millimetre. For table standards, see the
banknote specification table.
After 10 May 1993 these banknotes remained in circulation at 1/100 of their nominal
value.[4]
Exchange rates
The denar was introduced with a fixed exchange rate against the German Mark of 360
denars to the mark.[2]

Second denar (1993�present)

Coins
In May 1993, coins for the second denar were introduced in denominations of 50
deni, 1, 2, and 5 denari. The initial design was performed by Dimche Boshkoski and
Snezhana Atanasova. 10 and 50 denari coins were introduced in November 2008. The 50
deni coin was withdrawn in 2013; due to its low mintage (it was only struck in
1993) it was practically never seen in circulation.[5]

Since 1996 a large number of commemorative coins for collectors has been issued. A
listing can be found on the National Bank of the Republic of Macedonia website.[6]

Coins are minted at the Suvenir factory in Samokov, a village near Makedonski Brod.

Coins of the denar (1993�present)[7]

Image Value Technical parameters Description Date of
Diameter Mass Composition Edge Obverse Reverse minting issue
withdrawal lapse
[1] 50 deni 21.5 mm 4.1g CuZn15 Plain Value,
Stylized horizont with a 16-ray sun ????????? ??????????, circular; year in the
lower central field. Flying seagull 1993 10 May 1993
Indefinitely*

[2] 1 denar 23.80 mm 5.1 g CuNi3Zn17 ????????? ??????????, circular;

year in the lower central field. �arplaninec shepherd dog 1993
1997
2001
2006
2008
2014 2016 Current
[3] 2 denari 25.50 mm 6.2 g ????????? ??????????, circular; year in the
lower central field. Ohrid trout (Salmo letnica). 1993
1997
2001
2006
2008 2018
5 denari 27.5 mm 7.2 g ????????? ??????????, circular; year in the lower
central field. Lynx (Felis Lyinx). 1993
1997
2001
2006
2008
10 denari 24.5 mm 6.6 g Cu70Ni12Zn18 Plain Value,
Stylized horizont with a 16-ray sun Peacock, floor mosaic from Stobi from the 6th
century, detail presented on the banknote of 10 Denars 2008 2017 15 November
2008 Current
50 denari 26.5 mm 7.7 g Cu62Ni18Zn20 Archangel Gabriel, fresco from the
church of St. Ghiorghi in Kurbinovo - 12th century, detail presented on the
banknote of 50 Denars 2008
These images are to scale at 2.5 pixels per millimetre. For table standards, see
the coin specification table.
Until 1 April 2013, 50 deni coins could be exchanged at any Macedonian bank. From
the 1 April onwards only the National Bank will exchange them. No deadline has been
set for this.
FAO coinage (1995)
In 1995 circulation coins (valued 1, 2, and 5 denari) were struck in honor of the
United Nations F.A.O programme.

Banknotes
In 1993, the new denar was issued in denominations of 10, 20, 50, 100 and 500
denari. The 20 denari was only issued in this first series of notes. In 1996, 1000
and 5000 denari notes were added. In 2016, 200 and 2000 denari notes were issued,
while the National Bank of the Republic of Macedonia began withdrawing the 5000
denari banknote from circulation as part of the National Bank's plans to re-balance
the current structure of the notes in circulation. In 2017, the National Bank of
the Republic of Macedonia unveiled its current banknotes, 10 and 50 denari, printed
as polymer banknotes, and were issued into circulation on May 15.

1993 series (Issued October 1993)

[4] [5] 10 denari blue The monument Makedonium in Kru�evo Panorama of
Kru�evo
[6] [7] 20 denari brown-dark red Daut-Pasha Bath in Skopje Clock tower
in Skopje
50 denari red The Monastery of St. Pantelejmon in Skopje The old National
Bank of Macedonia building in Skopje
100 denari brown The church of St. Sofia in Ohrid National Museum building in
Ohrid
500 denari brown-dark green Monastery of St. Jovan Caneo in Ohrid Samuil's
Fortress in Ohrid
1996 series
Obverse Reverse Value Colour Obverse Reverse
10 denari lilac The Egyptian goddess Isis (Izida, 2nd century BC), Ohrid; gold
earring (4th century BC), v. Beranci, Bitola. Mosaic in Stobi (4th-5th century).
50 denari blue Fresco in the church St. Pantelejmon, Nerezi; Follis coin.
Arhangel Gavril in the church St. ?or?i, Kurbinovo.
100 denari lilac-brown Skopje from engraving by Jacobus Harevin View of Skopje
from an Albanian house
100px 500 denari red-brown Gold mask, v. Trebeni�ta, Ohrid (6th century
BC) Flower of poppy
1000 denari, 1996- lice.jpg [8] 1000 denari brown Madonna Episkepis, icon from
the church of St. Vraci, Ohrid, 14th century Gregory's gallery (14th century),
church of St. Sofia, Ohrid
[9] [10] 5000 denari red-brown-green Bronze figure of Maenad (6th century BC),
Tetovo. Dog and tree, mosaic, Heraclea Lyncestis (5th-6th century AD), Bitola.
Upgrade of the 1996 series
Obverse Reverse Value Colour Obverse Reverse
500 denari red-brown Gold mask, v. Trebeni�ta, Ohrid (6th century BC) Flower
of poppy.
1000 denari brown Madonna Episkepis, icon from the church St. Vraci, Ohrid, 14th
century Gregory's gallery (14th century), church St. Sofia, Ohrid
2014 series (Issued December 2016)
[11] [12] 200 denari Early medieval bronze fibula (found near Prilep);
Relief of the Old Testament Psalm 41 (terracotta icon from Vinica) Artistic
elements on the fa�ade of Colorful Mosque (�arena D�amija, Alaca Cami), Tetovo;
Marble tiles with floral designs of Isaak Beg Mosque (Isak D�amija), Bitola
[13] [14] 2000 denari Bronze artifact in the form of cup poppy (discovered
in Suva Reka, Gevgelija); Macedonian bridal dress from Prilep Decoration on the
inside of a gilded bowl (16th century), "Source of Life", peacocks
2018 "Polymer Series" (Issued March 2018)
10 denari lilac The Egyptian goddess Isis (Izida, 2nd century BC), Ohrid; gold
earring (4th century BC), v. Beranci, Bitola. Mosaic in Stobi (4th-5th century).
Mosaic in Stobi (4th-5th century).
50 denari blue Fresco in the church St. Pantelejmon, Nerezi; Follis coin.
Arhangel Gavril in the church St. ?or?i, Kurbinovo.
Exchange rates
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: AUD CAD CHF EUR GBP HKD JPY USD
From OANDA: AUD CAD CHF EUR GBP HKD JPY USD
From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD
See also
icon Money portal
flag North Macedonia portal
Numismatics portal
Wikimedia Commons has media related to Money of North Macedonia.
Economy of North Macedonia
Denarius
References
20 years of the Macedonian denar will be celebrated Archived 2014-10-06 at the
Wayback Machine NovaMakedonija
"National Bank of the Republic of Macedonia. Annual Report 1992" (PDF).
www.nbrm.mk.
"?? ????? ? ?? ??????? ?? ???????? ?????? ?????????? ?????&date= 6 September
2011". www.utrinski.mk.
"National Bank of the Republic of Macedonia. Annual Report 1993" (PDf).
www.nbrm.mk.
"National Bank of the Republic of Macedonia, Annual Report 2011" (PDf).
www.nbrm.mk.
"?????????? - ???????? ?????? ????". www.nbrm.mk.
"?????????? - ?????? ???? ?? ?????". www.nbrm.mk.
"National Bank of the Republic of Macedonia, DECISION ON WITHDRAWAL FROM
CIRCULATION OF COINS IN DENOMINATION OF 50 DENI" (PDF). www.nbrm.mk. 26 April 2012.