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Currency history

Macedonian denar — national continuity

Dates in use
Still in use; introduction date not established here
Currency code
MKD
Ancestry branch
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Macedonian denar

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The story

The national bank's statistical footnote identifies a factor-of-100 denar denomination in May 1993. [1]

One new denar replaced 100 temporary denars. Issuer-derived statistical sources disagree on May 7 versus May 10; month precision avoids false exactness. [2]

Turning points

Territorial currency separation

Macedonia replaced the Yugoslav dinar with its denar at par. [3]

Exchange rate anchor

Macedonia adopted a stable exchange-rate strategy against Deutsche Mark. Policy anchor; the immediate parent remains the Yugoslav dinar. [4]

Sources and evidence

  1. National Bank of the Republic of Macedonia · Quarterly Report I/2007
  2. Banka Slovenije · Zgodovina deviznih tečajev 1945–1998; Deutsche Bundesbank · Metadata on the Exchange Rate Statistics, 24 September 2025
  3. Anita Angelovska Bezhoska / National Bank of North Macedonia, hosted by BIS · We remain consistent in maintaining price and denar stability; Deutsche Bundesbank · Metadata on the Exchange Rate Statistics, 24 September 2025
  4. Anita Angelovska Bezhoska / National Bank of North Macedonia, hosted by BIS · We remain consistent in maintaining price and denar stability

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“Macedonian denar — national continuity.” The Family Tree of Money. © Field Technologies, Inc. Updated 2026-10-14; data version v49. https://familytreeofmoney.org/currency/FTM000258.html

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