About the Macedonian Denar
The Denar was introduced in 1992, replacing the Yugoslav dinar at par, following North Macedonia's peaceful secession from Yugoslavia.
The name 'Denar' is derived from the ancient Roman coin, the 'denarius'.
Interesting Facts
Ancient Name
The currency's name, Denar, comes from the Roman 'denarius', linking the modern nation to the ancient history of the Balkan region.
Aspirations for EU
As an EU candidate country, North Macedonia aims to eventually adopt the Euro, which would mean the retirement of the Denar.
Byzantine Mosaics
The banknotes showcase artifacts from North Macedonia's rich history, including ancient statues and intricate Byzantine-era mosaics.
Historical Timeline
North Macedonia declares independence.
The Denar is introduced.
A new denar is issued, with 1 new denar equal to 100 old denari.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- MKD
- Symbol
- ден
- Numeric Code
- 807
- Subunit
- Deni (1/100)
- Introduced
- 1992-04-26
Central Bank
- Name
- National Bank of the Republic of North Macedonia
- Headquarters
- Skopje, North Macedonia
- Founded
- 1992
- Current Governor
- Anita Angelovska-Bezhoska (since 2018)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 3.2%
- Interest Rate
- 4.25%
Exchange Rates
What Affects the MKD Exchange Rate?
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