top of page

The Archangel of Kurbinovo: 50 Denari (Macedonia, 2018)-Founder's Article

Updated: Apr 14

This Macedonian banknote represents the 2nd denomination, of the 2018 "Polymer” Series. Issued on March 2018, by The National Bank of the Republic of Macedonia (NBRM/НбРM). The Polymer Series is the most recent/5th sub-series, of the Second (Macedonian ) Denar.

Which have circulated from 1992-Present (2020), in it's various forms. All text is printed in Cyrillic, due to the cultural influence of the Eastern Orthodox Church. The note's art is taken directly from frescos, seen in Macedonian villages. Which were inspired by the mosaics of Constantinople, former capital of the Byzantine Empire (395-1453).

The observe features the Archangel Gavril (Gabriel) fresco, at the Monastery of St. Ǵorǵi, in Kurbinovo village. To the fresco's right is a transparent inlet, featuring a Byzantine Follis (leaf) coin. The coin incorporates into a false watermark (50). Follis coins hold a cultural significance, as they were used during the time of Constantine the Great (272-337).

The first Roman emperor to adopt Christianity, in addition to declaring Christianity to be the official state religion of the Byzantine Empire. Providing the foundation for the Eastern Orthodox Church, particularly the Ecumenical Patriarchate of Constantinople. Which has continuously existed since its founding in 330 AD, even outliving the Byzantine itself, by a half millennia.

A notable feature of this note, is its use of braille. Located along the note's upper right corner. This is to assist the blind and elderly, in addition to serving as a grip point. As polymer notes have a tendency to become slippery, especially after attracting any moisture (water/sweat). The note's serial number is arranged vertically, just as its original Second Denar (1996) version.

The reverse prominently features the Fresco of St. Pantelejmon, at Gorno Nerezi village. Beneath the fresco’s arc is a Follis coin (seen inside the inlet). The note's reverse utilizes a simple, yet creative 2-color light puzzle/registration element. When properly back lit, gold (reverse) and dark blue (observe) artwork merges. Causing the Archangel Gabriel to appear, on a light blue background.


A number of additional security measures are employed by this note. The security tread reads “НбРM”, in sequence, when back lit. The security tread runs vertically, slightly off-center and is most visible when seen from the reverse.

The note is covered in simple micro-print patterns, such as varying shades of dots, lines and square pixels. The artwork itself is essentially microprint. The only (visible) micro-text is "50 Denari" (Cyrillic), printed repeatedly along the observe's lower and upper borders.

Ultraviolet Gallery


Additional Notes

  • This note's dimensions are 143 × 70 mm (5.63 x 2.76 in), equal to its 1996 Series counterpart.

  • As this is currently active currency, this note has been digitally over stamped with text.

  • Similar precautions should be practiced with other active currencies. Particularly when concerning observe elements. As high-grade images of non-specimen notes, can lead to legal repercussions. Dependent on an individual's current jurisdiction.

  • On February 2019, Macedonia was renamed North Macedonia. Thus all later notes are printed with НбРСM/NBRSM. For The National Bank of the Republic of North Macedonia.

  • “НбРM” transliterates to NBRM, for The National Bank of the Republic of Macedonia.

  • The original Cyrillic alphabet was commissioned by Tsar Symeon the Great (864-927), ruler of the Bulgarians and Romans. Naming the text in honor of Saint Cyril (826-869), who co-created the earlier Glagolitic script with Saint Methodius (815-885).l language.

  • The original Cyrillic alphabet was commissioned by Tsar Symeon the Great (864-927), ruler of the Bulgarians and Romans. Naming the text in honor of Saint Cyril (826-869), who co-created the ealier Glagolitic script with Saint Methodius (815-885).


bottom of page