Macedonian denar

"Denar" redirects here. For the similarly spelled currency of other countries, see Dinar.

Macedonian denar
Македонски денар Makedonski denar
Macedonian coins
ISO 4217 code	MKD, the three-digit identifier is 807
User(s)	Republic of Macedonia
Inflation	-0.8%
Source	NBRM Inflation data, 2009
Subunit
1/100	deni
Symbol	ден
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.mk

The denar (plural: denari, Macedonian: денар and денари, denar and denari, ISO 4217 code: MKD, the three-digit identifier is 807) 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.

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 (which is no longer being made), 1, 2, and 5 denari along these coins is the recent introduction of the 10 and 50 denari coins.

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
Obverse	Reverse	Value	Colour	Obverse	Reverse
		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
1993 series (Issued 10.05.1993)
Obverse	Reverse	Value	Colour	Obverse	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 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
1996 series
Obverse	Reverse	Value	Colour	Obverse	Reverse
		10 denars	lilac	The Egyptian goddess Isis (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; 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 (VI c. b.c.)	Flower of poppy
		1000 denars	brown	Madonna Episkepis, icon from the church of St. Vrači, Ohrid, XIV c.	Gregory's gallery (XIV c), church of St. Sofia, Ohrid
		5000 denars	red-brown-green	Bronze figure of Maenad (VI b.c.), Tetovo.	Dog and tree, mosaic, Heraclea Lyncestis (V-VI c), Bitola.
Upgrade of the 1996 series
Obverse	Reverse	Value	Colour	Obverse	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. Šarplaninec 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. Ohrid 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 6th 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 - 12th century, detail presented on the banknote of 50 Denars.

Souvenir currency

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]

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 OzForex:	AUD CAD CHF EUR GBP HKD JPY USD
From XE.com:	AUD CAD CHF EUR GBP HKD JPY USD
From OANDA.com:	AUD CAD CHF EUR GBP HKD JPY USD

See also

• Economy of the Republic of Macedonia
• Denarius
• Commemorative coins of the Republic of Macedonia

References

1. ^ "Macedonia Tolerates a 'Republic' in Its Midst". Associated Press. January 6, 2002. http://www.globalpolicy.org/nations/sovereign/statehood/expment/2002/0106vevcani.htm. 

External links

• Ministry of Finance website

Old denar

Preceded by: Yugoslav 1990 dinar Reason: independence (on September 8, 1991) Ratio: at par

Currency of the 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 old denar Reason: inflation Ratio: 1 new denar = 100 old denari

Currency of the Republic of Macedonia 1993 –

Succeeded by: Current