Area: 9,781 square miles                          Population: 2,038,847

The Republic of Macedonia is land-locked, and is bordered in the north by Yugoslavia, to the east by Bulgaria, in the south by Greece and to the west by Albania. On Nov. 20, 1991 parliament promulgated a new constitution, and declared its independence on Nov. 20, 1992, but failed to secure EC and US recognition owing to Greek objections to the use of the name “Macedonia”. On Dec. 11, 1992, the UN Security Council authorized the expedition of a small peacekeeping force to prevent hostilities spreading to Macedonia.

Monetary System

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