2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
Euro is not used in all countries of the European Union. In some states, national currencies are still used to pay for purchases. One such country is Macedonia. On the territory of this small European state, the national currency is used - the denar.
Macedonia
The country is located on the Balkan Peninsula and used to be part of Yugoslavia. It has a rich and eventful history. However, tourists should not confuse the state of Macedonia with the area in northern Greece, also called Macedonia.
The country at one time was part of the Roman, Byzantine, Ottoman and Russian empires, each of which left a rich legacy on its territory. There are various ancient monuments on it: castles, cathedrals, statues. The country is also famous for its resorts and medical institutions. Especially a lot of mountain resorts are located on its territory. The tourist will have something to see and do.
Macedonia's currency, the denar, was put into circulation in 1992. As already mentioned, unlike many other EU countries, the Macedonians have not abandonedits national currency in favor of the euro. Therefore, a tourist will need to purchase Macedonian denars to pay for all purchases.
Where can I buy it
Macedonian currency can be purchased at any bank in Macedonia. There are also many exchange offices and ATMs throughout the country. You can buy local money for dollars and euros. When buying, it should be borne in mind that the denar is in circulation only in the territory of Macedonia, and it will be problematic to exchange it for another currency outside the state. Therefore, before leaving the country, you need to change the balance of denars back to dollars or euros, unless, of course, there is a desire to leave banknotes as a souvenir.
Banknotes really have an unusual design. For example, the icon of the Mother of God is depicted on a banknote of 1000 denarii.
When exchanging the currency of Macedonia for the euro and the dollar, problems are also possible. Large banks do not exchange the national currency for euros and dollars for non-citizens of the republic, and in small offices, the exchange rate is most often simply not profitable.
Approximate exchange rate
The rate of the Macedonian currency against the ruble is 1.16. However, it should be borne in mind that there is no hard peg of the denar to the ruble, dollar or euro, so the rate can change by a few kopecks and even rubles. You can clarify if you use the special service "Yandex" or Google. You can also do this on any website of a foreign exchange broker or bank. The ISO currency number is 4217, the official abbreviation for the denarius is MKD. No direct exchange for rublesproduced. You will first have to exchange rubles for dollars and euros in order to be able to purchase denars in the future.
It should be taken into account that the bank will take a percentage from each euro both when exchanging rubles for euros or dollars, and when exchanging euros or dollars for denarii. That is, if the dollar exchange rate is 65 denarii, then it can be exchanged at a bank for 60-63. The exchange rate of the Macedonian denar to the dollar is, at the time of writing, about 65-66 denarii, to the euro - 75-76.
Can I use a bank card for payment?
More and more people use bank cards to pay for purchases. Naturally, the tourist has a question: is it possible to pay with a bank card or will you have to carry money with you? You can pay with a bank card, and it can be received at any bank outside Macedonia. The main thing is that the card should be in foreign currency, and the card account should have enough dollars or euros for the purchase. It does not matter which bank issued the card.
Exchange for Macedonian currency is carried out automatically. That is, euros or dollars are exchanged by the bank for denar immediately. The system automatically recognizes and exchanges one currency for another at the current rate plus a commission for the transaction. However, bank cards are accepted only in large stores, cafes and restaurants. If a tourist wants to buy something at the market, he needs cash.
Do they accept rubles for payment or exchange, is it possible to exchange rubles for Macedonian denars
Those who think that in this country they can exchange Russian money for denar will be disappointed. Local banks do not exchange rubles for Macedonian currency. This is because the trade turnover between Russia and Macedonia is insignificant (only 1.5%), so it is simply unprofitable for banks to accept rubles, since they will not be able to exchange them. This applies not only to cash, but also to electronic money or funds on the ruble account of a bank card. Therefore, when going on a trip to Europe, you need to stock up on euros and dollars, and you can leave rubles at home.
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