The currency of Macedonia. It was introduced in 1992 following the fall of the former Yugoslavia, replacing the Yugoslav dinar at face value. The following year, it was devalued such that the new denar was equivalent to 100 of the old denar.
In general, this is also good for Macedonia too, because the Macedonian denar and the Macedonian economy are largely tied to the EU and this will make the Macedonia export sector more competitive as well," stock market analyst Kosta Kostadinovski has told Alsat TV.
Deposits and Guarantees required: 1.As part of the bid, the economic operator must submit a bid security (guarantee of participation) in the amount of 3 % of the total bid value, excluding VAT, expressed in Macedonian currency Macedonian denar / MKD