Macedonian denar
currency of North Macedonia
The denar (Macedonian: денар; plural: denari / денари; abbreviation: den / ден; ISO code: MKD) is the currency of North Macedonia. Though subdivided into one hundred deni (дени), coins with a denomination of less than one denar have not been in use since 2013.
History
The first denar was established as a temporary currency on 26 April 1992 in the then-Republic of Macedonia, replacing the 1990 version of the Yugoslav dinar at a 1:1 parity. In May 1993, the currency was reformed and a new denar was introduced, with one new denar being equal to 100 old denars.
Etymology
The name denar comes from the name of the ancient Roman monetary unit, the denarius. The abbreviation is ден, the first three Cyrillic letters of its name.
First denar (1992–1993)
The first denar was a temporary currency introduced on 26 April 1992 to replace the Yugoslav dinar at 1:1 parity and establish the monetary independence of Macedonia.
History
Macedonia declared independence from Yugoslavia on 8 September 1991. At the time, the country was using the Yugoslav dinar. But secret preparations were begun to introduce its own currency, and by April 1992, Macedonia was ready to acquire monetary independence from Yugoslavia.
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This entry incorporates text from “Macedonian denar” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.