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10 Macedonia Denar

The Macedonian denar (Macedonian: денар; paucal: denari / денари; sign: den, code: MKD) is the currency of North Macedonia. It is subdivided into one hundred deni (дени), which is no longer in use since 2013. The first denar from the Republic of Macedonia was established on 26 April 1992. It replaced the 1990 version of the Yugoslav dinar at par. In May 1993, the currency was reformed. A new denar was introduced, with one new denar being equal to 100 old denar. The name denar comes from the Republic of North Macedonia declared independence from Yugoslavia on 8 September 1991.

On 26 April the national bank was established and the denar declared the currency of the country. Notes (“value coupons”) entered circulation the next day and on 30 April the Yugoslav dinar ceased to be legal tender. The first denar was replaced at a rate of 100 to 1 by a new, permanent, denar consisting of notes and coins in May 1993. The name of the ancient Roman monetary unit, the denarius. The currency symbol is ден, the first three letters of its name.

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