Macedonian denar Македонски денар Makedonski denar
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, 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.

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.

Banknotes and coins

Banknotes

1992 series
Averse	Reverse	Value	Colour	Averse	Reverse
		10 denars	blue	Monument Makedonium in Kruševo	Women getter tobacco
		25 denars	red	Monument Makedonium in Kruševo	Women getter tobacco
		50 denars	brown	Monument Makedonium in Kruševo	Women getter tobacco
		100 denars	dark blue	Monument Makedonium in Kruševo	Women getter tobacco
		500 denars	green	Monument Makedonium in Kruševo	Women tobacco
		1000 denars	темно сина	Monument Makedonium in Kruševo	Women getter tobacco
		5000 denars	red-brown	Girl in front of a computer	Monument Makedonium in Kruševo
		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)
Averse	Reverse	Value	Colour	Averse	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 Bitola
		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 denars	brown-dark green	Monastery of St. Jovan Caneo in Ohrid	Samuil's Fortress in Ohrid
1996 series
Averse	Reverse	Value	Colour	Averse	Reverse
		10 denars	lilac	The Egyptian goddess Izida (II c. b.c..), Ohrid; gold earing (IV c. b.c.), v. Beranci, Bitola.	Mosaic in Stobi (IV-V c.).
		50 denars	blue	Fresco in the church St. Pantelejmon, Nerezi	Arhangel Gavril in the cgurch St. Ǵorǵi , Kurbinovo.
		100 denars	lilac-brown	Skopje from engraving by Jacobus Harevin
		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
		5000 denars	red-brown-green	Bronze figure of Menada (VI b.c.), Tetovo.	Dog and tree, mosaic, Heraclea Linkestis (V-VI c), Bitola.
Upgrade of the 1996 series
Averse	Reverse	Value	Colour	Averse	Reverse
		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	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 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 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 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 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 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

5 ličinici from Vevčani

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
• Denarius
• Dinar

References

External links

Wikimedia Commons has media related to: Macedonian money

• Images of banknotes and coins, National Bank of Macedonia
• Ministry of Finance website