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10 Denari

Issuer National Bank of Macedonia
Year 1992
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Currency First denar (1992-1993)
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Reverse description The left half of the reverse is occupied by an intaglio vignette of traditional tobacco harvesters — women and children in folk dress picking leaves from low-growing plants — evoking Macedonia's agricultural heritage. The right half is dominated by a large sunburst guilloche rosette bearing the denomination word ДЕСЕТ at centre, with the numeral 10 in the lower right corner. The issuing authority НАРОДНА БАНКА НА МАКЕДОНИЈА is inscribed in Cyrillic across the upper right, and two manuscript signatures appear at the lower centre below the titles ЗАМЕНИК НА GUVERNEROT and ГУБЕРНЕР.
Reverse lettering НАРОДНА БАНКА НА МАКЕДОНИЈА
СКОПЈЕ 1992 ГОДИНА
ФАЛСИФИКУВАЊЕТО СЕ КАЗНУВА СПОРЕД ЗАКОНОТ
ЗАМЕНИК НА ГУБЕРНЕРОТ
ГУБЕРНЕР
ДЕСЕТ
10
(Translation: National Bank of Macedonia / Skopje, year 1992 / Falsification is punishable by law / Deputy Governor / Governor / Ten / 10)
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Macedonia's first independent currency issue came in 1992, shortly after the country's peaceful secession from Yugoslavia. The denar — spelled "denari" in Macedonian — revived a monetary unit last used in medieval times, tracing to the Byzantine and later Serbian coinage that circulated across the region. The 10 Denari note was part of the initial transitional series introduced before the country had fully established its central banking infrastructure.

This series was printed before Macedonia had secured IMF membership, which came in 1993.

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