|Македонски денар (Macedonian)
|ISO 4217 code||MKD, the three-digit identifier is 807|
|Central bank||National Bank of the Republic of Macedonia|
|User(s)||Republic of Macedonia|
|Source||NBRM Inflation data, 2011|
|Coins||1, 2, 5, 10, 50 denari|
|Banknotes||10, 50, 100, 500, 1000, 5000 denari|
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 (Macedonian: дени). 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.
The first denar was introduced on 26 April 1992. It replaced the 1990 version of the Yugoslav dinar at par. On 5 May 1993, the currency was reformed, with one new denar (MKD) being equal to 100 old denari (MKN).
No coins were issued for the first denar. In May 1993, coins for the second denar were introduced in denominations of 50 deni, 1, 2, and 5 denari. 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 The 50 deni coin was withdrawn in 2013, due to its low mintage (it was only struck in 1993) it was practically never seen in circulation.
In 1995 circulation coins (valued 1, 2, and 5 denari) were struck in honor of the United Nations F.A.O programme. Since 1996 a large number of commemorative coins for collectors has been issued. A listing can be found here: .
Coins are minted at the Suvenir factory in Samokov, a village near Makedonski Brod.
|Coins of the denar (1993–present)|
|Image||Value||Technical parameters||Description||Date of|
|||50 deni||21.5 mm||4.1g||CuZn15||Plain||Value,
Stylized horizont with a 16-ray sun
|РЕПУБЛИКА МАКЕДОНИЈА, circular; year in the lower central field. Flying seagull||1993||10 May 1993||1 January 2013||Indefinitely*|
|||1 denar||23.80 mm||5.1 g||CuNi3Zn17||РЕПУБЛИКА МАКЕДОНИЈА, circular; year in the lower central field. Šarplaninec shepherd dog||1993
|||2 denar||25.50 mm||6.2 g||РЕПУБЛИКА МАКЕДОНИЈА, circular; year in the lower central field. Ohrid trout (Salmo letnica).||1993
|5 denar||27.5 mm||7.2 g||РЕПУБЛИКА МАКЕДОНИЈА, circular; year in the lower central field. Lynx (Felis Lyinx).||1993
|10 denar||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||15 November 2008||Current|
|50 denar||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.
Notes were introduced on 27 April 1992 in denominations of 10, 25, 50, 100, 500, 1000, 5000 and 10,000 denari, although preparations for producing the first Macedonian banknotes began well before Macedonia declared its independence. The difficulties of creating a new currency in secret is reflected in the notes themselves. The paper, which was purchased from Slovenia, proved to be of poor quality and lacking in adequate 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 Macedonian) as the National Bank of Macedonia, not its successor, the National Bank of the Republic of Macedonia.
The notes were produced by the printing firm “11 October” in Prilep, and were designed by graphic designers Sasho Josifovski and Borce Nikolovski, as well as the artist Borce Todorovski. The six lowest denominations are identical with the exception of their colors. They all feature a man and two women picking tobacco leaves on the front, with the back devoted to the Ilinden monument in Kruševo, which, according to the bank, “expresses the eternal fight of Macedonian citizens for life in peace and freedom.”
|10 denars||blue||Monument Makedonium in Kruševo||Women gathering tobacco|
|25 denars||red||Monument Makedonium in Kruševo||Women gathering tobacco|
|50 denars||brown||Monument Makedonium in Kruševo||Women gathering tobacco|
|100 denars||dark blue||Monument Makedonium in Kruševo||Women gathering tobacco|
|500 denars||green||Monument Makedonium in Kruševo||Women gathering tobacco|
|1000 denars||Purple||Monument Makedonium in Kruševo||Women gathering 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|
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.
|1993 series (Issued 10.05.1993)|
|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 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|
|10 denars||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 denars||blue||Fresco in the church St. Pantelejmon, Nerezi; Follis coin.||Arhangel Gavril in the church St. Ǵorǵi, Kurbinovo.|
|100 denars||lilac-brown||Skopje from engraving by Jacobus Harevin||View of Skopje from an Albanian house|
|500 denars||red-brown||Gold mask, v. Trebeništa, Ohrid (6th century BC)||Flower of poppy|
|1000 denars||brown||Madonna Episkepis, icon from the church of St. Vrači, Ohrid, 14th century||Gregory's gallery (14th century), church of St. Sofia, Ohrid|
|5000 denars||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|
|500 denars||red-brown||Gold mask, v. Trebeništa, Ohrid (6th century BC)||Flower of poppy.|
|1000 denars||brown||Madonna Episkepis, icon from the church St. Vrači, Ohrid, 14th century||Gregory's gallery (14th century), church St. Sofia, Ohrid|
|Current MKD exchange rates|
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|Wikimedia Commons has media related to Money of the Republic of Macedonia.|
- 20 years of the Macedonian denar will be celebrated NovaMakedonija
- National Bank of the Republic of Macedonia, Annual Report 2011. Available at: http://www.nbrm.mk/WBStorage/Files/WebBuilder_Annual_Report_2011.pdf
- National Bank of the Republic of Macedonia. Available at: http://www.nbrm.mk/?ItemID=6F1ABD61B6A40E4B9926CFA61BC8998B
- National Bank of the Republic of Macedonia, DECISION ON WITHDRAWAL FROM CIRCULATION OF COINS IN DENOMINATION OF 50 DENI (26 April 2012).
Available at: http://www.nbrm.mk/WBStorage/Files/WebBuilder_DecisionWithdrawal50Deni.pdf
- Linzmayer, Owen (2012). "Macedonia". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.