Macedonian denar
| Macedonian denar Македонски денар (Macedonian) |
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| 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 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.
Design controversy
The Republic of Macedonia declared independence from Yugoslavia on September 8 1991. According to the New York Times, a version of the new country's currency began to appear in January of 1992[1]. The bills circulating contained an image of Thessaloniki, the second largest city in Greece and capital of the historical Greek province of Macedonia. Prominent in the image was the White Tower of Thessaloniki, a historic landmark. The bills prompted "outrage in Athens and... in the capital of Greek Macedonia [Thessaloniki]"[1]. These bills were never used by the government of the Republic of Macedonia.
Souvenir currency
As of 2002, Vevcani, a village in the southwestern region of the Republic of Macedonia and self-styled "independent Republic",
was issuing its own money, the licnik, as a souvenir. The money is clearly labelled as "specimen" and was never intended
to be used as official, legal currency.[2]
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See also
References
- ^ a b Simons, Marlise. "As Republic Flexes, Greeks Tense Up", New York Times, February 3, 1992.
- ^ "Macedonia Tolerates a 'Republic' in Its Midst", Associated Press, January 6, 2002.
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 the Republic 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 |
| Currencies named dinar or similar | |
|---|---|
| Circulating | Algerian dinar (دينار) · Bahraini dinar (دينار) · Iraqi dinar (دينار) · Jordanian dinar (دينار) · Kelantanese dinar (unofficial) · Kuwaiti dinar (دينار) · Libyan dinar (دينار) · Macedonian denar (денар) · Serbian dinar (динар) · Tunisian dinar (دينار) |
| Obsolete | Bosnia and Herzegovina dinar · Croatian dinar · French denier · Krajina dinar (динар) · Portuguese dinheiro · Republika Srpska dinar (динар) · South Yemeni dinar (دينار) · Spanish dinero · Sudanese dinar (دينار) · Yugoslav dinar (динар) |
| As subunit | Iranian qiran (قران) · Iranian rial (ریال) |
| See also | Andorran diner (commemorative) · denarius · E-dinar · Islamic gold dinar · Swiss dinar (used in Iraq) |
| Currencies of Europe | |
|---|---|
| Eurozone | Euro |
| Northern | Danish krone · Faroese króna · Icelandic króna · Norwegian krone · Swedish krona |
| Baltic | Estonian kroon · Latvian lats · Lithuanian litas |
| Western | British pound · Guernsey pound · Jersey pound · Manx pound |
| Central | Czech koruna · Hungarian forint · Polish złoty · Slovak koruna · Swiss franc |
| Eastern | Belarusian ruble · Kazakhstani tenge · Russian ruble (Russia and Abkhazia and South Ossetia (unrecognised)) · Transnistrian ruble (unrecognised) · Ukrainian hryvnia |
| Southeastern | Albanian lek · Bosnia-Herzegovina konvertibilna marka · Bulgarian lev · Croatian kuna · Macedonian denar · Moldovan leu · Romanian leu · Serbian dinar |
| Mediterranean | Cypriot pound · Gibraltar pound · Maltese lira · Turkish new lira (Turkey and Northern Cyprus (unrecognised)) |
| Transcaucasia | Armenian dram (Armenia and Nagorno-Karabakh (unrecognised)) · Azerbaijani manat · Georgian lari |
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