MACEDONIA
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Date Pick# Denomination Observations Obverse Reverse
1996 14s 10 Denar  SPECIMEN
Obverse Design: Statue of the Goddess Isida from III century B.C., in Ohrid.
Reverse Design: A peacock
2005 14 10 Denar  
Obverse Design: Statue of the Goddess Isida from III century B.C., in Ohrid.
Reverse Design: A peacock
 
1996 15 50 Denar SPECIMEN  
Obverse Design: Folis, copper, Anastasie I (491-518)
Reverse Design: Archangel Gabriel
 
1996 16 100 Denar SPECIMEN  
Obverse Design: Ceiling rosette in deep relief in Albanian town house in Debar
Reverse Design: An engraving of Skopje the capital city of Macedonia, made by a Dutch printer Jacobus Harevin in 1594.
 
1996 17 500 Denar SPECIMEN  
Obverse Design: Golden-Mask, Trebenista, Ohrid.
Reverse Design: Poppy
2003 20 500 Denar SPECIMEN
Obverse Design: Golden-Mask, Trebenista, Ohrid.
Reverse Design: Poppy
"Note was upgraded in 2003 to include a gold foil patch on the obverse and an Iridescent gold strip on the reverse."
 
1996 18 1000 Denar SPECIMEN  
Obverse Design: Icon - Madonna Episkepsis
Reverse Design: A detail from the church of "St. Sofia" in Ohrid
 
2003 21 1000 Denar SPECIMEN  
Obverse Design: Icon - Madonna Episkepsis
Reverse Design: A detail from the church of "St. Sofia" in Ohrid
"Note was upgraded in 2003 to include a holographic patch on the obverse and an iridescent gold band on the reverse.  As well the optically variable ink patch found in the lower left corner was enlarged.
1996 19 5000 Denar SPECIMEN
Obverse Design: Tetovo Maenad VI century B.C.
Reverse Design: Mosaic - Heraklea Linkestis - Cerberus tied to fig tree, VI century.

The history of the Macedonian Denar
The Republic of Macedonia declared independence from Yugoslavia on 17 September 1991. The Macedonia Denar (MKN) was first introduced as the national currency of Macedonia on 26 April 1992 to replace the former currency, the Yugoslavian Denar.  The Macedonian Denar was introduced at a rate 1:1 Yugoslav Denar.  In may of 1993 the currency was reformed so that one new denar (MKD) was equal to 100 old denars (MKN). The Macedonian Denar (MKD) is divided into 100 Deni.  The currency's name "Denar" is derived from the ancient Romen monetary unit "denarius".

Coins in current use come in denominations of 50 deni, 1,2 and 5 Denars. Current banknotes, shown above come in 10, 50, 100, 500, 1000, 5000 Denar denominations. 

The 10, 50 and 100 Denar notes are currently printed in Macedonia, while the higher denominations are printed in London, England by Thomas de la Rue.

The first series of MKD notes introduced in 1993 were lithographed onto watermarked paper containing a hidden strip.  If you place one of the 1993 series notes under a black light a map of Macedonia becomes visible, complete with all of the towns marked on it.  The National Bank of Macedonia redesigned its' currency in 1996 using more sophisticated printing techniques and anti-counterfeiting features, The 1996 series is still in use today.  In 2003 the 500 and 1000's were upgraded with more security features to prevent counterfeiting. The National Bank is not withdrawing the older 1996 500's and 1000's but rather letting them ware out and be replaced over time.

According to the National Bank the previous 1993 MKD series notes are no longer legal tender nor are they exchangeable.

Page created:     5 June 2006
Last Update:      5 June 2006
All scans shown here are of actual notes from my collection.
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(c) 2006 Will's Online World Paper Money Gallery