Set Description:
In 1991, Macedonia (officially, the Republic of Macedonia) came into being as one of the successor countries to Yugoslavia. The name “Macedonia” immediately became controversial as Greece believed the name was associated with part of its territory. Eventually an agreement was worked out and, beginning in February 2019, Macedonia officially changed its name to North Macedonia.
Bank notes were issued by the National Bank of Macedonia (P1-P8) and the National Bank of the Republic of Macedonia (P9-P26). Concurrent with the country’s name change in 2019, the bank changed its name to The National Bank of the Republic of North Macedonia. In 2020, two new notes were issued (P27 and P29) using the new bank name. Notes issued prior to 2020 are properly associated with Macedonia, not North Macedonia. Notes issued in 2020 and beyond are properly associated with North Macedonia.
Macedonian paper money is denominated in the Macedonian denar. (One US dollar equals approximately 55 denars.)
The initial note series of 1992 (P1-P8) had unimaginative designs, low-quality paper, simple watermarks and no robust anti-counterfeiting devices. Subsequent notes (P9-P29) are characterized by colorful, artistic designs, high-quality paper and sophisticated security devices.
With patience, all notes can be acquired in CU condition. P19 is the key note to the collection and arguably the most attractive. The most difficult to find in issued form is P13, although specimens are readily available.
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