Money perspectives and payment systems – magazine Economy and Business

Author: Stojan Doneski

Through the history the money as payment service has changed in accordance with the population needs and with the circumstances that have ruled: coins, paper money, bills, checks, etc. Industrialization and rapid growth appealed the need of developing payment systems that could face accelerating need of money transfers. In the last 50 years money payment systems supported by the IT industry are facing development with very fast pace. As the systems of money payment are developing, the money are also evolving, so the first electronic money (electronic transfer of money) has appeared. After that there were launched payment cards and cards that are used in supermarkets for collecting points. Such cards in addition could be used for purchasing products from the same market. By that they represent one type of electronic payment. In the last 20 years, as the result of the development of IT Industry and internet as communication tools, electronic and internet payment has reached its peak. In the developed countries there are more rare situations of using paper money, so digital form of money is not unknown, and we are not going to be astonished if on some shop window we can see the following caption “we are not receiving cash, only payment cards’’.

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Coffee with ACI friends- December edition

Dear Colleagues, ACI Friends,

ACI Macedonia – Association of Financial Markets is honored to invite you on coffee meeting in the coffee shop ‘’VINIL’’. Coffee shop is situated on the boulevard, ‘’Partizanski Odredi’’ No.14 oppose with the church ‘’Soborna Crkva’’ on Thursday 06.12.2018, beginning in 17.00 o clock.

You are welcome to spent time together and exchange experiences, thoughts over actual professional topics.

It will be our pleasure to see you there.



Large turnover at the fx market in the Republic of Macedonia, reduced unemployment rate in the USA, over- indebted Italy – new problem in the EU

Author: Borce Stamenkovski

Foreign exchange market remains on its high level. In the total traffic, Euro currency participate with almost 81 %, the American dollar with 13 %, while the rest currencies are in total around  6 % from the entire foreign exchange market.

On average in October there were traded 35, 9 million EUR on a daily basis. Exchange offices and the real sector offers reach its highest level; the demand was reduced, while the large companies as result of the season motives have reduced their purchasing. The situation in the segment of the commercial banks was following: NLB Banka, Komercijalna Banka, Sparkasse Banka, Ohridska Banka were at the offer side (eur/ dol.), while Prokredit Banka and Halk Banka were among the buyers with reduced amounts. Trade currency among banks was in tight range, around 61, 47 – 61, 48. At the end of the month there were notable increased activities among the commercial banks. That was done with aim to “press” the open foreign currency position, which in returns influenced the rate of the capital adequacy.

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Foreign exchange market and short overview of the most traded currencies

Author: Vesna Trajkovska

Foreign exchange market in the RM represents a significant segment of the entire financial market and national economy and it is marked with the gradually growth. It is characterized with stable denar rate and enhanced income which in addition appeared as a result of the improved business climate, new capacities that are export oriented and foreign investments in the country. NBRM as a supporter of the commercial banks on a daily level is publishing data for the entire foreign exchange traffic that are obtained. For example the traffic in the first half of September 2018 (353 million euro’s) is approximately the similar as the total traffic in the previous two months in total (380 million euro’s). Such situation outcome as the result of the increased foreign trade exchange which in addition pull out larger amount of the currently present amount of foreign currencies, increased traffic of the foreign exchange market and commercial banks with NRBM.

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