Currency of North Macedonia: Macedonian Denar
Macedonian Denar · MKD · National
Who Issues Macedonian Denar in North Macedonia
The monetary system in North Macedonia is centered on the Macedonian Denar (MKD). National Bank of the Republic of North Macedonia provides the domestic institutional anchor, and ISO 4217 assigns numeric code 807.
The institutional responsibility for MKD belongs to National Bank of the Republic of North Macedonia. North Macedonia consequently has its own national monetary framework for the Macedonian Denar, separate from shared-currency and foreign-legal-tender systems.
Exchange Rate for MKD
In practical currency use for North Macedonia, the useful benchmark is a dated MKD observation with its currency pair stated explicitly. Provider spreads, card charges and commissions can still change the amount actually paid. The result is a clear reference point.
For the Macedonian Denar (MKD), compare observations for the same currency pair and a similar timestamp. Actual conversion costs depend on the provider's spread, fees and timing. That keeps the monetary framework distinct from the conversion quote.
Banknotes and Coins
Banknotes
The National Bank's current denar banknote structure contains 10, 50, 100, 200, 500, 1,000 and 2,000 denar denominations.
Coins
Current circulation coins are 1, 2, 5, 10 and 50 denars.
Frequently Asked Questions
What currency is used in North Macedonia?
When interpreting Macedonian Denar data for North Macedonia, the Macedonian Denar (MKD) is the national currency, with National Bank of the Republic of North Macedonia responsible for the domestic monetary framework. This gives the reference observation clearly bounded.
Who manages the currency system in North Macedonia?
National Bank of the Republic of North Macedonia is the main monetary authority identified for North Macedonia.
Are the exchange rates for North Macedonia real-time?
On this North Macedonia currency page. Where the pair is supported, the displayed conversion comes from the latest available reference observation and is date-stamped. That makes it a reference value rather than a guaranteed transaction rate. The result is the source trail clear.
Sources & methodology
For monetary-system facts, the primary reference is National Bank of the Republic of North Macedonia, supplemented by the applicable framework for North Macedonia. MKD identification follows ISO 4217, while exchange-arrangement classification is kept separate from dated market observations. This approach leaves the quoted pair easy to interpret.
View sources used for this page
- National Bank of the Republic of North Macedonia - official website
- SIX - ISO 4217 Maintenance Agency
- IMF - Annual Report on Exchange Arrangements and Exchange Restrictions
- BIS - central bank directory and institutional cross-check
- Frankfurter - latest public reference-rate feed used by the converter
- National Bank of the Republic of North Macedonia - banknotes
- National Bank of the Republic of North Macedonia - coins