The Macedonian denar is the official currency of the Republic of North Macedonia. It is abbreviated as MKD and is subdivided into 100 smaller units called deni. The denar was introduced in 1992, replacing the Yugoslav dinar, and has undergone several changes in design and value since its inception. The currency is issued by the National Bank of the Republic of North Macedonia. The denar is used for all transactions within the country, and its value is influenced by various economic factors, including inflation and exchange rates with other currencies like the Euro and the US dollar.