RegAlert
2017-01-16

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Decision on withdrawal from circulation of banknotes in denominations of 5,000 denars

Banknotes in the 5,000‑denar denomination (issue I/96) are to be withdrawn from circulation, with an equivalent amount of other coins and banknotes issued free of charge. They will cease to be legal tender on 15 December 2016, and must be replaced between that date and 28 February 2017 by banks incorporated in the Republic of Macedonia. From 1 March 2017 onward, the National Bank of the Republic of Macedonia will carry out the replacement. The decision becomes effective eight days after publication in the Official Gazette and is to be implemented from 15 May 2016.

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National Bank of the Republic of North Macedonia

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Pursuant to Articles 27 and 47 paragraph 1 item 6 of the Law on the National Bank of the Republic of Macedonia (“Official Gazette of the Republic of Macedonia” No. 158/10, 123/12, 43/14, 153/15 and 6/16), the National Bank of the Republic of Macedonia Council adopted the following DECISION ON WITHDRAWAL FROM CIRCUULATION OF BANKNOTES IN DENOMINATIONS OF 5.000 DENARS

  1. Banknotes in denominations of 5.000 denars (issue I/96) which are in circulation
    since 8 September 1996 shall be withdrawn from circulation by issuing free-of-charge, an equivalent amount of other coins and banknotes.
  2. On December 15, 2016, the banknotes referred to in paragraph 1 of this Decision
    shall case being a legal tender.
  3. The banknotes referred to in paragraph 1 of this Decision shall be replaced in the
    period between December 15, 2016 and February 28, 2017.
    The replacement shall be made by the banks incorporated in the Republic of Macedonia.
  4. Starting from March 1, 2017, the replacement of banknotes referred to in
    paragraph 1 of this Decision shall be made by the National Bank of the Republic of Macedonia.
  5. This Decision shall enter into force on the eighth day after the date of publication
    in the “Official Gazette of the Republic of Macedonia”, and shall start being implemented from 15 May 2016. D No._______ Governor ___ November 2016 and Chairman Skopje of the Council of the National Bank of the Republic of Macedonia Dimitar Bogov

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Source: National Bank of the Republic of North Macedonia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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