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LOCAL CURRENCY IN MACEDONIA

Want to know how much is your money worth in Macedonia? The money used in Macedonia is called Dinar.

The Macedonian Dinar is issued and managed by the National Bank of the Republic of Macedonia. To find out the current currency exchange rates for Dinar to other major currencies of the world, click on foreign currency rates.

Macedonian Currency Information
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The currency used in Macedonia is called as the Dinar. This currency is denoted with the currency sign ??? and the ISO 4217 Code for the Macedonian Dinar is MKD. The Dinar, is the official currency of the Macedonia . It is divided into 100 smaller units called deni.

The constitution of Macedonia provides that the Macedonia government shall have the power to print the Macedonian Dinar and deni coins to be used as a legal tender in Macedonia. The Macedonian Dinar bank notes and Deni coins are both designated as "legal tender" in payment of debts.

The Macedonian Dinar bill uses the decimal system, consisting of 100 equal units.

The symbol ???, usually written before the numerical amount, is used for the Macedonian Dinar.

Currently printed bank notes denominations are 10, 50, 100, 500, 1000, 5000 denari and the coins are minted in the denominations of 50 deni, 1, 2, 5, 10, 50 denari .

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How Does Balance of Trade and Investment Affect the Value of the Macedonian Dinar
Financial analysts regularly cite the balance of trade and investment in Macedonia as the most important influence on the value of the Dinar. The difference between what the Macedonia exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Dinar exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Dinar exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Macedonian Dinar.
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