Macedonian denar
From Wikipedia, the free encyclopedia
| Macedonian denar Македонски денар (Macedonian) |
|
| 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 denari |
| Banknotes | 10, 50, 100, 500, 1000, 5000 denari |
| Central bank | National Bank 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.
Contents |
[edit] 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).
[edit] 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.
[edit] Banknotes
[edit] First denar
Notes were introduced in 1992 in denominations of 10, 25, 50, 100, 500, 1000, 5000 and 10,000 denari.
[edit] 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.
[edit] 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]
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[edit] See also
[edit] References
- ^ "Macedonia Tolerates a 'Republic' in Its Midst", Associated Press, January 6, 2002.
[edit] External links
- Don's World Coin Gallery - Macedonia
- Ron Wise's World Paper Money - Macedonia Mirror site
- The Global History of Currencies - Macedonia
- Global Financial Data currency histories table (
Microsoft Excel format) - Images of banknotes and coins, National Bank of Macedonia
- Ministry of Finance website
| 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 |
| Preceded by: Macedonian new denar Reason: inflation Ratio: 1 new denar = 100 old denari |
Currency of the Republic of Macedonia 1993 – |
Succeeded by: Current |
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