Wednesday, June 19, 2013
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Macedonian currencyBanknotes in circulation
 

Currency issue and distribution

1. Legal Tender in the Republic of Macedonia

Legal tender in the Republic of Macedonia is the Macedonian Denar, consisting of 100 Deni. The National Bank of the Republic of Macedonia has the exclusive right of printing and issuing banknotes in the Republic of Macedonia.

Macedonian banknotes in circulation (issue 1996 and  2003) :

·         5000 Denars  - issue 1996

·         1000 Denars  - issue 1996 and issue 2003

·         500 Denars    - issue 1996 and issue 2003

·         100 Denars    - issue 1996

·         50 Denars      - issue 1996

·         10 Denars      - issue 1996

 

2. Printing and characteristics

The lower banknote denominations of 10, 50 and 100 denars are printed in Macedonia, while the banknotes of 500 and 1000 denars (1996 issue) are printed at “Thomas de la Rue”, London. The last banknote issue of 2003, 500 and 1000 denars denominations, was also printed in TDLR. The Macedonian banknotes posses several security features like watermark, windowed-thread, intaglio print, latent image, micro-text, see-through feature, and optically variable ink.

3. Institutions which Act as cash collectors

Institutions which act as cash collectors are the National Bank of the Republic of Macedonia and commercial banks.


 

INFLATION

 

KEY INTEREST RATES OF THE NATIONAL BANK OF THE REPUBLIC OF MACEDONIA
Monetary instrumentInterest rate
Central Bank bills3.50%
Overnight credit3.71%
Overnight deposit0.75%
BANKS' RESERVE REQUIREMENTS RATIOS
Liabilities in:
Domestic currency10,00 %
Domestic currency with FX clause20,00 %
Foreign currency13,00 %
INTERBANK INTEREST RATES
Maturity SKIBOR MKDONIA
Overnight 1.91 %
1 week 2.34 %
1 month 3.16 %
3 months 3.65 %
6 months 4.18 %
9 months 4.72 %
12 months 5.16 %
Results of the last auction of Central Bank bills
Results of the last auctions of government securities
Reference rate for calculating the penalty interest rate 3,75%