Macedonian Denar was introduced on April 26, 1992. At the time of its introduction, Macedonian Denar was equivalent to the Yugoslavian Convertible dinar. On May 5, 1993, Macedonian denar was denominated from being an Old denar to a New denar, with one New denar (MKD) being equal to 100 Old denar (MKN).

Currently, the exchange rate regime in Republic of Macedonia is what is referred to as a “managed float.” The denar exchange rate against the euro serves as a fundamental of the Republic of Macedonia monetary policy. Money supply and interest rates are dictated by the exchange rate target, which (as of mid-2005) is set at 61.5 Macedonian denars to one euro, and has remained more or less constant at that level. With this exchange rate target, Macedonian central bank (the National Bank of the Republic of Macedonia) has been maintained a stable denar exchange rate against the euro.

Macedonian citizens and any foreign guests can freely exchange foreign money for denars and vice versa in the banks and many exchange offices.
Recently the new law is passed by the Macedonian Parliament about the use of the foreign currency. Services and goods in Macedonia, can be paid by denars only and not with foreign currency.

More Skopje and Macedonia:
Skopje Hotels Walking Distances
Macedonia Currency
Macedonian Wine Production
Football Federation of Macedonia
Paragliding in Macedonia
Skopje History, Landmarks, Photo Gallery
Tourism in Macedonia, famous landmarks and places

There are plenty hotels which are situated in the city center or very close of the city center. One of these hotels is Hotel Square. This hotel is ideally situated in the business building which face the main city square. The walking distance from the Skopje central shopping mall is just a minute.

The walking distance from the telecommunication complex where are situated T-home, T-mobile and VIP operator is just a 1-2 minutes leisure walking and the distance to the business center Soravia is just a 3-4 minutes. Distance from the Macedonian parliament is only 5 minutes leisure walking. Square hotel is a 3-star hotel and it is suitable for the tourists, but also a business travelers.

Other hotel in Skopje which is very close to the city center is Stone Bridge Hotel. Stone Bridge hotel is situated just 30 meters from the main Skopje attraction with the same name. The old Stone Bridge is one of the biggest and oldest Skopje attractions which is build in the medieval times. Stone Bridge Hotel is a modern 4-star hotel which is ideal for the business persons who like to be on the walking distance from the many government buildings, business centers and other places of their interest and are situated in the center of Skopje. Stone Bridge is one of the closest hotels to the Skopje Old Bazaar which is one of the most interesting Skopje places.

Super8 Hotel is situated just on the entrance of the old Skopje bazaar. This hotel is interesting with his terrace from which you can actually observe the old bazaar life and the price is other positive surprise. The Super8 hotel is on the walking distance from the Macedonian National Theater, new opera building and National Library. It is also very close to the “Saints Cyril and Metodij” main university administrative building and Law, Economic, Philology and Philosophical faculty.

On the Macedonia street which is starting from the old stone bridge and ends to the old train station and divides the center of the city on two halves is situated hotel Best Western (the old name Hotel Tourist). The Best Western hotel is ideally situated in the center of Skopje. Central shopping mall, Ramstore mall, Macedonian Parliament and few Macedonian government buildings are just a few minutes walking distance from this hotel. Many amenities make this hotel most suitable for the business persons.

The other hotel which is on the same street is a Bristol Hotel. This hotel is one of the most famous Skopje hotels and it is a city landmark. It is situated just a minute leisure walking from the new shopping mall Ramstore, the flower market and many business locations.

More Skopje and Macedonia:
Skopje Hotels Walking Distances
Macedonia Currency
Macedonian Wine Production
Football Federation of Macedonia
Paragliding in Macedonia
Skopje History, Landmarks, Photo Gallery
Tourism in Macedonia, famous landmarks and places