Convert Macedonian Denar to Iranian Rial
Please provide values below to convert Macedonian Denar [MKD] to Iranian Rial [IRR], or Convert Iranian Rial to Macedonian Denar.
How to Convert Macedonian Denar to Iranian Rial
1 MKD = 0.00124525646530515 IRR
Example: convert 15 MKD to IRR:
15 MKD = 15 × 0.00124525646530515 IRR = 0.0186788469795773 IRR
Macedonian Denar to Iranian Rial Conversion Table
| Macedonian Denar | Iranian Rial |
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Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.