The denar (Macedonian: денар; paucal:[clarification needed] denari / денари; abbreviation: den / ден; ISO code: MKD) is the currency of North Macedonia.

The first denar was established as a temporary currency on 26 April 1992 [1] in the then-Republic of Macedonia, replacing the 1990 version of the Yugoslav dinar at a 1:1 parity.

The first denar was a temporary currency introduced on 26 April 1992 to replace the Yugoslav dinar at 1:1 parity and establish the monetary independence of Macedonia.

But secret preparations were begun to introduce its own currency, and by April 1992, Macedonia was ready to acquire monetary independence from Yugoslavia.

Notes in the form of "value coupons" entered circulation the following day, and on 30 April 1992, the Yugoslav dinar ceased to be legal tender.

Although denominated in denari, the name of the currency did not appear on the notes because they were printed prior to the adoption of the Law on the Monetary Unit.

All featured a man and two women picking tobacco leaves on the front, with the back devoted to the Ilinden monument in Kruševo, which, according to the bank, “expresses the eternal fight of citizens of Macedonia for life in peace and freedom.” The denar was introduced with a fixed exchange rate of 360 denars to the Deutsche Mark.

[6] Since 1996, a large number of commemorative coins have been issued for collectors; a listing can be found on the national bank website.