The currency of North Macedonia is the Macedonian denar, abbreviated as MKD. Introduced in 1992 after the country gained independence from Yugoslavia, the denar replaced the Yugoslav dinar at a fixed exchange rate. The denar is subdivided into 100 deni. The currency is characterized by its unique designs, featuring historical figures and landmarks. The National Bank of the Republic of North Macedonia is responsible for issuing the currency and maintains monetary stability. The denar is used for all transactions within the country, promoting a stable economic environment.