Macedonian denar
From Wikipedia, the free encyclopedia
| ISO 4217 Code | MKD |
| User(s) | Republic of Macedonia |
| Inflation | 0% |
| Source | The World Factbook, 2005 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 Macedonian denar (MKD), split into 100 deni, is the official currency of the Republic of Macedonia. The currency was introduced on April 26, 1992 and at that time was equivalent to the 1990 version of Yugoslav dinar. On May 5, 1993 the currency was reformed, with one new denar (MKD) being equal to 100 old denars (MKN). The denominations are split into notes of 10, 50, 100, 500, 1000, and 5000 denars and coins of 1, 2, and 5 denars and 50 deni. The name denar comes from the name of the ancient Roman monetary unit, the denarius.
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[edit] 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 part of the Greek area named 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.
[edit] 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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[edit] See also
[edit] Notes and 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.
[edit] External links
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Wikimedia Commons has media related to: |
- Images of banknotes and coins, National Bank of the Republic of Macedonia
- Ministry of Finance website
- Old and New Banknotes
| Preceded by: Yugoslav 1990 dinar Reason: independence (on September 8, 1991) Ratio: at par |
Currency of 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 Republic of Macedonia 1993 – |
Succeeded by: Current |
