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20 Denari

Uitgever National Bank of the Republic of Macedonia
Jaar 1993
Type Log in om details te zien
Waarde Log in om details te zien
Valuta Log in om details te zien
Samenstelling Paper
Afmetingen Log in om details te zien
Vorm Log in om details te zien
Drukker Log in om details te zien
Ontwerper(s) Log in om details te zien
Graveur(s) Log in om details te zien
In omloop tot Log in om details te zien
Referentie(s) Log in om details te zien
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Beschrijving keerzijde Log in om details te zien
Opschrift keerzijde Log in om details te zien
Handtekening(en) Log in om details te zien
Beveiligingstype Watermark
Beschrijving beveiliging Ilinden monument watermark visible when held to light
Varianten Log in om details te zien
Opmerkingen

Macedonia's first currency series followed the country's 1991 declaration of independence, but printing and release were delayed by a combination of international non-recognition disputes and the logistical difficulty of establishing a new central bank from scratch. The denari replaced the Yugoslav dinar at par in 1992, and this note entered circulation the following year as part of that founding series.

P#10 is among the lower-denomination pieces in that inaugural set — modest by design, since hyperinflationary pressure in the former Yugoslav states made high-value notes the priority. The watermark is the sole security measure, which reflects the constrained budget and the speed at which the series had to be produced.