Catalog
10 000 Denari
| Issuer | National Bank of Macedonia |
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| Year | 1992 |
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| Size | 145 × 77 mm |
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| Obverse description | Central vignette of the Church of Saint Sophia in Ohrid, one of North Macedonia's most significant medieval ecclesiastical monuments. The denomination and date appear in Cyrillic script alongside the issuing authority inscription. Decorative guilloche underprint frames the composition. |
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| Reverse lettering | РЕПУБЛИКА МАКЕДОНИЈА 10000 ДЕСЕТ ИЛЈАДИ (Translation: Republic of Macedonia, Ten Thousand) |
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| Comments |
Macedonia's first banknote series, issued after independence from Yugoslavia in late 1991, presented an immediate logistical problem: the new state had no printing infrastructure and needed circulating currency fast. The 10,000 Denar note was part of that rushed first issue, denominated in the old Yugoslav-rooted "denar" before the 1993 redenomination slashed values by 100 and introduced the new Denar.
Hyperinflationary pressure inherited from the collapsing Yugoslav monetary system made high denominations like this one necessary almost immediately upon issue — and obsolete within months.