Danish krone

   

Danish coins and notes
Unit (DKK) Obverse Reverse
Coins
.25 Crown of Christian V Heart of the Royal Mint
.50 Crown of Christian V Heart of the Royal Mint
1 Monogram of Margrethe II Traditional design
2 Monogram of Margrethe II Traditional design
5 Monogram of Margrethe II Traditional design
10 Portrait of Margrethe II Small Coat of Arms
20 Portrait of Margrethe II Large Coat of Arms
Banknotes
50 Karen Blixen Centaur from Landet Church
100 Carl Nielsen Basillisk from Tømmerby Church
200 Johanne Luise Heiberg Lion from Viborg Cathedral
500 Niels Bohr Knight fighting a dragon from Lihme Church
1000 Anna and Michael Ancher Tournament from Bislev Church


The krone is the name of the currency used in Denmark and the Danish dependencies of the Faroe Islands and Greenland. The plural form is kroner and one krone is divided in to 100 øre, singular and plural. The ISO 4217 code is DKK.

The krone was introduced as legal tender in Denmark in 1873, and was a result of the Scandinavian Monetary Union, which lasted until World War I. The initial parties to the monetary union was the Scandinavian countries of Sweden and Denmark, with Norway joining two years later.

The name of the common currency was the "krone" in Denmark and Norway, and the "krona" in Sweden, which literally means "crown" in English. After the dissolution of the monetary union Denmark, Norway, and Sweden all decided to keep the name of their respective and now separate currencies.

Denmark negotiated special "opt-outs" of the Maastricht Treaty that allowed the country to preserve the krone while the rest of the European Union adopted a common currency known as the Euro in 1999. A referendum held in 2000 reconfirmed the population's attachment to the krone. As of early 2004, the Liberal government of Anders Fogh Rasmussen was planning on holding another referendum on the adoption of the euro in the near future.

The krone is closely pegged to the euro via the ERM II, the European Union's exchange rate mechanism. Before the advent of the euro, the krone was linked to the Deutsche Mark, thus keeping the krone stable at all times.

Missing image
CommonsLogo.png


Wikimedia Commons has multimedia related to Danish coins.



da:Danske kroner de:Dänische Krone it:Corona Danese pl:Korona_duÅ„ska sv:Dansk krone

Retrieved from "http://www.centipedia.com/articles/Danish_krone"

This page has been accessed 489 times. This page was last modified 08:37, 16 Nov 2004. All text is available under the terms of the GNU Free Documentation License (see Copyrights for details).