The denar is the currency

Currency

In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...

 of the Republic of Macedonia

Republic of Macedonia

Macedonia , officially the Republic of Macedonia , is a country located in the central Balkan peninsula in Southeast Europe. It is one of the successor states of the former Yugoslavia, from which it declared independence in 1991...

. It is subdivided into 100 deni (Macedonian

Macedonian language

Macedonian is a South Slavic language spoken as a first language by approximately 2–3 million people principally in the region of Macedonia but also in the Macedonian diaspora...

: дени). The name denar comes from the name of the ancient Roman

Ancient Rome

Ancient Rome was a thriving civilization that grew on the Italian Peninsula as early as the 8th century BC. Located along the Mediterranean Sea and centered on the city of Rome, it expanded to one of the largest empires in the ancient world....

 monetary unit, the denarius

Denarius

In the Roman currency system, the denarius was a small silver coin first minted in 211 BC. It was the most common coin produced for circulation but was slowly debased until its replacement by the antoninianus...

. The currency symbol is ден, the first three letters of its name.

History

The first denar was introduced on April 26, 1992, and replaced the 1990 version of the Yugoslav dinar

Yugoslav dinar

The dinar was the currency of the three Yugoslav states: the Kingdom of Yugoslavia , the Socialist Federal Republic of Yugoslavia and the Federal Republic of Yugoslavia between 1918 and 2003. The dinar was subdivided into 100 para...

 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

COinS

ContextObjects in Spans, commonly abbreviated COinS, is a method to embed bibliographic metadata in the HTML code of web pages. This allows bibliographic software to publish machine-readable bibliographic items and client reference management software to retrieve bibliographic metadata. The...

 were issued for the first denar. In 1993, coins for the second denar were introduced in denominations of 50 deni (which is no longer being made), 1, 2, and 5 denari along these coins is the recent introduction of the 10 and 50 denari coins.

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.

Banknotes

1992 series
Obverse	Reverse	Value	Colour	Obverse	Reverse
		10 denars	blue	Monument Makedonium in Kruševo Kruševo Kruševo also spelled Krushevo, is a town in the Republic of Macedonia. It is the highest town in Macedonia, situated at an altitude of over 4,000 feet above sea level. The town of Kruševo is the seat of Kruševo Municipality.-History:...	Women gathering tobacco
		25 denars	red	Monument Makedonium in Kruševo Kruševo Kruševo also spelled Krushevo, is a town in the Republic of Macedonia. It is the highest town in Macedonia, situated at an altitude of over 4,000 feet above sea level. The town of Kruševo is the seat of Kruševo Municipality.-History:...	Women gathering tobacco
		50 denars	brown	Monument Makedonium in Kruševo Kruševo Kruševo also spelled Krushevo, is a town in the Republic of Macedonia. It is the highest town in Macedonia, situated at an altitude of over 4,000 feet above sea level. The town of Kruševo is the seat of Kruševo Municipality.-History:...	Women gathering tobacco
		100 denars	dark blue	Monument Makedonium in Kruševo Kruševo Kruševo also spelled Krushevo, is a town in the Republic of Macedonia. It is the highest town in Macedonia, situated at an altitude of over 4,000 feet above sea level. The town of Kruševo is the seat of Kruševo Municipality.-History:...	Women gathering tobacco
		500 denars	green	Monument Makedonium in Kruševo Kruševo Kruševo also spelled Krushevo, is a town in the Republic of Macedonia. It is the highest town in Macedonia, situated at an altitude of over 4,000 feet above sea level. The town of Kruševo is the seat of Kruševo Municipality.-History:...	Women gathering tobacco
		1000 denars	Purple	Monument Makedonium in Kruševo Kruševo Kruševo also spelled Krushevo, is a town in the Republic of Macedonia. It is the highest town in Macedonia, situated at an altitude of over 4,000 feet above sea level. The town of Kruševo is the seat of Kruševo Municipality.-History:...	Women gathering tobacco
		5000 denars	red-brown	Girl in front of a computer	Monument Makedonium in Kruševo Kruševo Kruševo also spelled Krushevo, is a town in the Republic of Macedonia. It is the highest town in Macedonia, situated at an altitude of over 4,000 feet above sea level. The town of Kruševo is the seat of Kruševo Municipality.-History:...
		10000 denars	red-brown	Men dancing and the monument Makedonium in Kruševo Kruševo Kruševo also spelled Krushevo, is a town in the Republic of Macedonia. It is the highest town in Macedonia, situated at an altitude of over 4,000 feet above sea level. The town of Kruševo is the seat of Kruševo Municipality.-History:...	Panorama of the church St. Sofia, Ohrid Ohrid Ohrid is a city on the eastern shore of Lake Ohrid in the Republic of Macedonia. It has about 42,000 inhabitants, making it the seventh largest city in the country. The city is the seat of Ohrid Municipality. Ohrid is notable for having once had 365 churches, one for each day of the year and has...
1993 series (Issued 10.05.1993)
Obverse	Reverse	Value	Colour	Obverse	Reverse
		10 denars	blue	The monument Makedonium in Kruševo Kruševo Kruševo also spelled Krushevo, is a town in the Republic of Macedonia. It is the highest town in Macedonia, situated at an altitude of over 4,000 feet above sea level. The town of Kruševo is the seat of Kruševo Municipality.-History:...	Panorama of Kruševo Kruševo Kruševo also spelled Krushevo, is a town in the Republic of Macedonia. It is the highest town in Macedonia, situated at an altitude of over 4,000 feet above sea level. The town of Kruševo is the seat of Kruševo Municipality.-History:...
		20 denars	brown-dark red	Daut-Pasha Bath in Skopje Skopje Skopje is the capital and largest city of the Republic of Macedonia with about a third of the total population. It is the country's political, cultural, economic, and academic centre...	Clock tower in Skopje Skopje Skopje is the capital and largest city of the Republic of Macedonia with about a third of the total population. It is the country's political, cultural, economic, and academic centre...
		50 denars	red	The Monastery of St. Pantelejmon in Skopje Skopje Skopje is the capital and largest city of the Republic of Macedonia with about a third of the total population. It is the country's political, cultural, economic, and academic centre...	The old National Bank of Macedonia building in Skopje Skopje Skopje is the capital and largest city of the Republic of Macedonia with about a third of the total population. It is the country's political, cultural, economic, and academic centre...
		100 denars	brown	The church of St. Sofia in Ohrid Ohrid Ohrid is a city on the eastern shore of Lake Ohrid in the Republic of Macedonia. It has about 42,000 inhabitants, making it the seventh largest city in the country. The city is the seat of Ohrid Municipality. Ohrid is notable for having once had 365 churches, one for each day of the year and has...	National Museum building in Ohrid
		500 denars	brown-dark green	Monastery of St. Jovan Caneo in Ohrid Ohrid Ohrid is a city on the eastern shore of Lake Ohrid in the Republic of Macedonia. It has about 42,000 inhabitants, making it the seventh largest city in the country. The city is the seat of Ohrid Municipality. Ohrid is notable for having once had 365 churches, one for each day of the year and has...	Samuil's Fortress in Ohrid Ohrid Ohrid is a city on the eastern shore of Lake Ohrid in the Republic of Macedonia. It has about 42,000 inhabitants, making it the seventh largest city in the country. The city is the seat of Ohrid Municipality. Ohrid is notable for having once had 365 churches, one for each day of the year and has...
1996 series
Obverse	Reverse	Value	Colour	Obverse	Reverse
		10 denars	lilac	The Egyptian goddess Isis Isis Isis or in original more likely Aset is a goddess in Ancient Egyptian religious beliefs, whose worship spread throughout the Greco-Roman world. She was worshipped as the ideal mother and wife as well as the matron of nature and magic...  (Izida,II c. b.c..), Ohrid; gold earing (IV c. b.c.), v. Beranci, Bitola Bitola Bitola is a city in the southwestern part of the Republic of Macedonia. The city is an administrative, cultural, industrial, commercial, and educational centre. It is located in the southern part of the Pelagonia valley, surrounded by the Baba and Nidže mountains, 14 km north of the... .	Mosaic in Stobi Stobi Stobi was an ancient town of Paeonia, later conquered by Macedon, and later turned into the capital of the Roman province of Macedonia Salutaris . It is located on the main road that leads from the Danube to the Aegean Sea and is considered by many to be the most famous archaeological site in the...  (IV-V c.).
		50 denars	blue	Fresco in the church St. Pantelejmon Church of St. Panteleimon (Nerezi) The Church of St. Panteleimon in Gorno Nerezi, Republic of Macedonia, is a small 12th century Byzantine church located in a monastery complex. The church and monastery are dedicated to St... , Nerezi; Follis Follis The follis was a type of coin in the Roman and Byzantine traditions.-Roman coin:The Roman follis was a large bronze coin introduced in about 294...  coin.	Arhangel Gavril in the church St. Ǵorǵi , Kurbinovo.
		100 denars	lilac-brown	Skopje from engraving by Jacobus Harevin	View of Skopje from an Albanian house
		500 denars	red-brown	Gold mask, v. Trebeništa Trebeništa Trebeništa is an ancient necropolis located in Macedonia., dating from the Iron Age around the 7th century BC It is located near the town of Ohrid, in the Republic of Macedonia. It is believed that the necropolis was used by the people from the ancient town of Lychnidos. Trebeništa was discovered... , Ohrid (VI c. b.c.)	Flower of poppy
		1000 denars	brown	Madonna Episkepis, icon from the church of St. Vrači, Ohrid, XIV c.	Gregory's gallery (XIV c), church of St. Sofia Church of St. Sophia, Ohrid The Church of St. Sophia is located in the city of Ohrid, Republic of Macedonia. The church is one of the most important monuments of Macedonia, housing architecture and art from the Middle Ages. It was built during the First Bulgarian Empire, after the official conversion to Christianity... , Ohrid
		5000 denars	red-brown-green	Bronze figure of Maenad Maenad In Greek mythology, maenads were the female followers of Dionysus , the most significant members of the Thiasus, the god's retinue. Their name literally translates as "raving ones"...  (VI b.c.), Tetovo Tetovo Tetovo is a city in the northwestern part of Macedonia, built on the foothills of Šar Mountain and divided by the Pena River.The city covers an area of at above sea level, with a population of 86,580 citizens in the municipality. Tetovo is home to the State University of Tetovo and South East... .	Dog and tree, mosaic, Heraclea Lyncestis Heraclea Lyncestis Heraclea Lyncestis also spelled Herakleia Lynkestis was an ancient Greek city in the north-western region of the ancient kingdom of Macedon. It was founded by Philip II of Macedon in the middle of the 4th century BC in Lynkestis, after its conquest. The town was named in honor of the mythological...  (V-VI c), Bitola.
Upgrade of the 1996 series
Obverse	Reverse	Value	Colour	Obverse	Reverse
		500 denars	red-brown	Gold mask, v. Trebeništa, Ohrid (VI c. b.c.)	Flower of poppy.
		1000 denars	brown	Madonna Episkepis, icon from the church St. Vrači, Ohrid, XIV c.	Gregory's gallery (XIV c), church St. Sofia, Ohrid

Coins

1993 series
Image	Value	Features	Depiction
	50 deni	Issue: 1993,Diam. 21,5 mm; Weight 4.10g, Metal: CuZn15, Mint: Suvenir, Samokov, Period of circulation:10.05.1993	Ob. 50 ДЕНИ in the lower central field Stylized horizont with a 16-ray sun. Rev. РЕПУБЛИКА МАКЕДОНИЈА, circular; 1993 in the lower central field. Flying seagull.
	1 denar	Issue: 1993 (1997, 2001,2006), Diam. 23,8 mm;Weight 5.10g, Metal: CuNi3Zn17, Mint: Suvenir, Samokov, Period of circulation:10.05.1993	Ob. 1 ДЕНАР in the lower central field Stylized horizont with a 16-ray sun. Rev. РЕПУБЛИКА МАКЕДОНИЈА, circular; 1993 (1997, 2001) in the lower central field. Šarplaninec shepherd dog.
	2 denars	Issue: 1993 (2001,2006), Diam. 25,5 мм; Weight 6.20 g, Metal: CuNi3Zn17, Mint: Suvenir, Samokov, Period of circulation:10.05.1993	Ob. 2 ДЕНАРИ in the lower central field Stylized horizont with a 16-ray sun. Rev. РЕПУБЛИКА МАКЕДОНИЈА, circular; 1993 (2001) in the lower central field. Ohrid trout (Salmo letnica).
	5 denars	Issue: 1993 (2001,2006), Diam. 27,5 мм; Weight 7.20 g, Metal: CuNi3Zn17, Mint: Suvenir, Samokov, Period of circulation:10.05.1993	Ob. 5 ДЕНАРИ in the lower central field Stylized horizont with a 16-ray sun. Rev. РЕПУБЛИКА МАКЕДОНИЈА, circular; 1993 (2001) in the lower central field. Lynx (Felis Lyinx).
	10 denars	Issue 2008, Diam. 24,5 mm; Weight 6,6 g, Metal: Cu70Ni12Zn18, Period of circulation: 15.11.2008	Ob.10 ДЕНАРИ in the lower central field. Stylized horizon with a 16-ray sun. Rev. REPUBLIC OF MACEDONIA, circular; 2008 in the lower central field. Peacock, floor mosaic from Stobi Stobi Stobi was an ancient town of Paeonia, later conquered by Macedon, and later turned into the capital of the Roman province of Macedonia Salutaris . It is located on the main road that leads from the Danube to the Aegean Sea and is considered by many to be the most famous archaeological site in the...  from the 6th century, detail presented on the banknote of 10 Denars.
	50 denars	Issue 2008, Diam. 26,5 mm; Weight 7,7 g, Metal: Cu62Ni18Zn20, Period of circulation 15.11.2008	Ob. 50 ДЕНАРИ in the lower central field. Stylized horizon with a 16-ray sun. Rev. REPUBLIC OF MACEDONIA, circular; 2008 in the lower central field. Archangel Gabriel, fresco from the church of St. Ghiorghi in Kurbinovo - 12th century, detail presented on the banknote of 50 Denars.

Souvenir currency

As of 2002, Vevčani

Vevcani

Vevčani is a small city in Republic of Macedonia. It is the only settlement and seat of Vevčani Municipality.- Geography :The village of Vevčani is found in the southwestern range at the foot of the Jablanica mountain range. It is situated from 800 – 950 metres above sea level. The village is...

, a village in the south-western region of Macedonia and self-styled "independent Republic", was issuing its own money, the ličnik, as a souvenir. The money is clearly labelled as "specimen" and was never intended to be used as official, legal currency.

See also

• Economy of the Republic of Macedonia
  Economy of the Republic of Macedonia
  The breakup of Yugoslavia in 1991 deprived the Economy of the Republic of Macedonia, then its poorest republic , of its key protected markets and large transfer payments from the center...
  
  
• Denarius
  Denarius
  In the Roman currency system, the denarius was a small silver coin first minted in 211 BC. It was the most common coin produced for circulation but was slowly debased until its replacement by the antoninianus...
  
  
• Commemorative coins of the Republic of Macedonia
  Commemorative coins of the Republic of Macedonia
  Commemorative coins of the Republic of Macedonia coins have been issued by the National Bank of the Republic of Macedonia throughout Macedonian independence.- External links :* http://www.nbrm.mk/?ItemID=9C9C53E00F8DFC4E8A4FC1BDD3F69434...
  
  

External links

• Ministry of Finance website