Macedonian Denar (MKD)

Macedonian Denar (MKD) is the official currency of North Macedonia. It was introduced in 1992 after the dissolution of the Socialist Federal Republic of Yugoslavia. The MKD is issued and regulated by the National Bank of North Macedonia.

The Macedonian Denar is represented by the international currency code “MKD”. It is divided into 100 deni. The commonly used banknotes in North Macedonia are 10, 50, 100, 200, 500, and 1000 Denar. There are also coins in circulation, including 1, 2, 5, 10, and 50 Denar.

The MKD plays a significant role in the economy of North Macedonia. The country is home to numerous companies operating in the agriculture, industry, and services sectors. Additionally, the tourism sector contributes to the country’s economy.

The Macedonian Denar is accepted as legal tender in North Macedonia and is used for all commercial transactions within the country. The exchange rate of the MKD is determined in international foreign exchange markets and can fluctuate. The exchange rate is influenced by the policies set by the National Bank of North Macedonia and market conditions.

Individuals traveling to or conducting trade with North Macedonia can exchange MKD with other currencies. Banks, currency exchange offices, and ATMs in North Macedonia are places where MKD can be exchanged for other currencies.

In conclusion, the Macedonian Denar (MKD) is the official currency of North Macedonia. It plays a significant role in the country’s economy and is represented by banknotes and coins. The exchange rate of the MKD is determined in international foreign exchange markets and regulated by the National Bank of North Macedonia.