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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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Obverse description The left portion of the obverse carries a vignette of the Ilinden Memorial (Makedonium), the distinctive brutalist monument at Kruševo, rendered in grey-blue intaglio against a fine guilloche underprint. To the right, an elaborate rosette guilloche pattern centres the denomination numeral 10 within an oval cartouche, with a pale outline map of Macedonia visible in the upper right corner. The country name РЕПУБЛИКА МАКЕДОНИЈА arches across the upper field in bold Cyrillic letterpress, with the denomination word ДЕСЕТ integrated into the guilloche rosette.
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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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