Macedonia Gives Up Paper Money

Politics | May 22, 2018, Tuesday // 13:20| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Macedonia Gives Up Paper Money Nbrm.mk

Macedonia began the gradual withdrawal of paper money from circulation. First, the country will withdraw the denominations of 10 and 50 denars, which are the most used in payments in the country, the Macedonian central bank said.

Thus, Macedonia will become one of the few countries in the world with a plastic currency. First plastic money were introduced by Australia. This happened back in 1988.

Paper banknotes of 10 and 50 denars will be replaced by plastic in all banks in Macedonia by the end of the year, and after that, this will happen only in the central bank.

Plastic money lasts up to four times longer than the paper money. They can also be washed.

The Macedonian denar was created as a temporary payment instrument in 1992. In 1993 it became a permanent currency, with the largest denominations being 5000 denars.

Politics » Be a reporter: Write and send your article
Tags: macedonia, money
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria