Bank.notes

Types 🇲🇰 North Macedonia

10 Macedonian denar #316

First denar series (1992–1993) · issued 1992 · 1 · common

Type details

Country North Macedonia
Currency Macedonian denar
Denomination 10
Series First denar series
Series year 1992
Series range 1992–1993
Issue year 1992
Issuer National Bank of the Republic of Macedonia
Issuer (native) Република Македонија
Reverse subject Vergina Sun (Sun of Vergina)
Themes indigenous_culture,commemorative
Security features microprint,intaglio
Colour palette #d4c9a8,#6b7b9e,#8b4513
Material paper
Language / script Cyrillic
Languages mk
Pick # 1
Rarity common
Legal status demonetized
Legal status date 1993-05-15
Predecessor currency Yugoslav dinar
Successor currency Macedonian denar (second series, 1993)
Era 1990_present
Default value (low) 1.0
Default value (high) 5.0
Value currency USD

Front

The Vergina Sun (Sun of Vergina), a stylized sixteen-ray sunburst symbol associated with ancient Macedonian culture and the royal emblem of the Argead dynasty of Philip II and Alexander the Great. This note prominently features the symbol at center right within an ornate guilloche rosette, with decorative archaeological motifs at left including stylized ancient Macedonian artifacts. The inscription 'РЕПУБЛИКА МАКЕДОНИЈА' (Republic of Macedonia) appears at top in Cyrillic script. This was the first currency issued by the newly independent Republic of Macedonia following its declaration of independence from Yugoslavia in 1991.

Back

The Vergina Sun (Sun of Vergina) symbol, identical to the front design, displayed prominently at center within an elaborate guilloche pattern. The back mirrors the front design with the same archaeological and decorative motifs, denomination numeral '10' at upper right, and Cyrillic text 'РЕПУБЛИКА МАКЕДОНИЈА'. Both sides feature identical imagery, a characteristic of this short-lived first denar series.

History

This 10 denar note belongs to the first denar series issued by the newly independent Republic of Macedonia in 1992, immediately following its separation from Yugoslavia. The series was in circulation for only one year (1992–1993) before being replaced by a redesigned second denar series in May 1993. The use of the Vergina Sun (a symbol discovered in 1977 at the royal tombs at Vergina in Greek Macedonia and associated with Philip II of Macedon) on the currency and national flag led to a naming dispute with Greece, which objected to its use. This dispute was a major factor in the series' brief circulation period. Under the 1995 Interim Accord with Greece, Macedonia agreed to remove the Vergina Sun from its flag and state emblems. These first-issue notes are now historical artifacts of Macedonia's early independence period and the complex cultural-political issues surrounding Macedonian national identity. The denomination '10 denari' was part of the initial currency reform that established the denar at par with the Yugoslav dinar. All notes in this series featured the Vergina Sun as the central motif. No documented serial-year encoding is known for this issuer's early series.

Linked specimens (1)

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