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| 正面描述 | At centre-left, an intaglio vignette renders the Church of Saint Panteleimon at Gorno Nerezi, a 12th-century Byzantine monument, printed in red over a peach and salmon guilloche underprint. The issuer's name in Cyrillic is set vertically along the left border within a hatched panel, while the denomination «ПЕДЕСЕТ ДЕНАРИ» appears in bold at lower centre and the large numeral «50» in red anchors the lower right. A circular watermark area to the right bears the inscription «СПОМЕНИК ИЛИНДЕН КРУШЕВО». |
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| 防伪类型 | 登录 以查看详情 |
| 防伪描述 | Ilinden monument watermark; vertical security thread embedded in the paper |
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Macedonia issued its first independent currency in 1992, converting from the Yugoslav dinar following dissolution of the federation. The denar replaced a transitional coupon currency — the Macedonian denar coupon — that had served as a stopgap while the new state established its central bank framework. The 1993 series, of which this 50 denari is part, was among the earliest properly printed issues for the new republic.
Pick 11 is one of the lower denominations in that inaugural series and saw genuine everyday circulation, making clean survivors less common than the higher face values.