Denar

The Denar (or Денар, MKD according to the standard ISO 4217) is the national currency of the Republic of Macedonia, since 1993. Denar is divided into 100 refusal.

Foreign exchange rate compared to the Euro

1 EURO = 61,5 MKD
1 MKD = 0.01 EURO

History of Denar

From 1992, coupons, equivalents of the Yugoslav convertible dinar (YUN) were emitted by the state Macedonian. May 5th, 1993, a monetary reform took place and the denar Macedonian (MKD) officially replaced the Yugoslav Dinar in the Republic of Macedonia at the rate of a percent

The denar, strongly related to Deutsche Mark, since 1997, is stable with respect to the Euro since 2000, with for consequence a rate of inflation of about 2.6%.

The coins Macedonians

The following coins are in circulation
  • 5 denars (5 ДЕНАРИ)
  • 2 denars
  • 1 denar
  • 50 refusal (50 ДЕНИ)

banknotes Macedonians

The following tickets are in circulation since 1996
  • 5000 Denars - model 1996 (printed paper form in the United Kingdom)
  • 1000 Denars - model 1996 and model 2003
  • 500 Denars - model 1996 and model 2003
  • 100 Denars - model 1996
  • 50 Denars - model 1996
  • 10 Denars - model 1996
The tickets of 10,50 and 100 denars are printed by the Bank of the Republic of Macedonia ( НароднабанканаРепубликаМакедонија ), while the tickets of 500,1000 and 5000 dinars are printed by " Thomas of Rue" in the United Kingdom.

External bonds

  • http://www.nbrm.gov.mk/default-en.asp?ItemID=41989BA5CE65DA48AC1B50206D0DE89D

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