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base info Wrapped Elastos

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WELA
WELA
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MKD
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About Macedonian Denar (MKD)

The Macedonian Denar (MKD), introduced in 1992, is more than just the official currency of North Macedonia; it represents the country's transition from a Yugoslav republic to an independent nation with aspirations for economic growth and stability. It is commonly abbreviated as MKD and represented by the symbol ден.

Historical Background

The introduction of the Denar was a crucial part of North Macedonia’s journey to sovereignty following the breakup of Yugoslavia. Replacing the Yugoslav Dinar, the Macedonian Denar symbolized a new era of self-determination and was instrumental in establishing a separate and independent monetary policy.

Design and Symbolism

The design of the Macedonian Denar is a rich tapestry of the country's history, culture, and natural beauty. Banknotes and coins feature images of historical figures, ancient artifacts, and architectural landmarks, reflecting Macedonia's cultural heritage and identity. These designs not only facilitate economic transactions but also serve as a source of national pride and identity.

Economic Role

The Denar plays a vital role in North Macedonia’s economy, characterized by its diverse sectors including agriculture, textiles, and a growing tourism industry. As the primary medium of exchange, it supports these economic activities, facilitating trade, investment, and everyday financial transactions of individuals and businesses.

Monetary Policy and Inflation

Managed by the National Bank of the Republic of North Macedonia, the Denar has maintained relative stability, benefiting from prudent fiscal and monetary policies. The central bank’s strategies aim to maintain currency stability, control inflation, and foster a healthy economic environment conducive to growth and investment.

International Trade and the Macedonian Denar

The Denar’s exchange rate plays a significant role in international trade, particularly for North Macedonia's exports such as iron, steel, and agricultural products. A stable Denar is crucial for maintaining competitive export prices and attracting foreign direct investment.

Remittances and Economic Impact

Remittances from the Macedonian diaspora, particularly from Europe and North America, are an important source of foreign income. These inflows, converted into Denars, significantly contribute to the national economy and support the currency's stability.

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1D7D1M3M1YAll
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Bitgethot-iconcalculator.compare.best
ден103.27
0.0200% / 0.0320%vip-iconcalculator.compare.vip
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$691.31K
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$90.54847634
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378.42K WELA

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0.5 WELA
ден51.64
1 WELA
ден103.27
5 WELA
ден516.37
10 WELA
ден1,032.73
50 WELA
ден5,163.67
100 WELA
ден10,327.34
500 WELA
ден51,636.69
1000 WELA
ден103,273.38

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0.5MKD0.004842  WELA
1MKD0.009683  WELA
5MKD0.04842  WELA
10MKD0.09683  WELA
50MKD0.4842  WELA
100MKD0.9683  WELA
500MKD4.84  WELA
1000MKD9.68  WELA

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0.5 WELA$0.9134$0.9219
-0.70%
1 WELA$1.83$1.84
-0.70%
5 WELA$9.13$9.22
-0.70%
10 WELA$18.27$18.44
-0.70%
50 WELA$91.34$92.19
-0.70%
100 WELA$182.68$184.38
-0.70%
500 WELA$913.4$921.88
-0.70%
1000 WELA$1,826.81$1,843.75
-0.70%

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0.5 WELA$0.9134$1.25
-21.85%
1 WELA$1.83$2.5
-21.85%
5 WELA$9.13$12.51
-21.85%
10 WELA$18.27$25.02
-21.85%
50 WELA$91.34$125.11
-21.85%
100 WELA$182.68$250.23
-21.85%
500 WELA$913.4$1,251.15
-21.85%
1000 WELA$1,826.81$2,502.29
-21.85%

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0.5 WELA$0.9134$0.4731
+57.36%
1 WELA$1.83$0.9462
+57.36%
5 WELA$9.13$4.73
+57.36%
10 WELA$18.27$9.46
+57.36%
50 WELA$91.34$47.31
+57.36%
100 WELA$182.68$94.62
+57.36%
500 WELA$913.4$473.11
+57.36%
1000 WELA$1,826.81$946.22
+57.36%

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