Announcement that the European Union might have sanctions in the works for Macedonia, has panicked the Macedonian citizens. Over the last few days, the number of people frequenting the banks and exchange offices has increased. Citizens with savings accounts are especially worried. Part of them want to withdraw their savings, or turn them into euros.
This has led to an increased demand for Euros in the exchange offices, which in turn led to a deficiency of this currency. But the situation lasted shortly.
A team from Telegraph.mk visited a number of money exchange offices on Tuesday and concluded that euros can easily be found.
The employees said that it is quite normal for people to be worried in a situation of political unrest. People are mostly worried about losing their money or about the currency's value devolving. On top of that, there also might be a delay in the public sector pay-out of salaries and pensions.
According to data by the National Bank of the Republic of Macedonia (NBRM), Tuesday's average exchange rate of EUR to MKD is 61.69.
According to NBRM, the total March deposits amounted to MKD 304,8 billion, which is an increase in comparison to February when they amounted to MKD 303,4 billion.
Last week, NBRM chief Dimitar Bogov said that there is no danger from the denar devolving.