Danish krone dansk krone (Danish) dansk króna (Faroese) danskinut koruuni (Kalaallisut)
All coins except 2 kroner
ISO 4217 Code	DKK
User(s)	Denmark,  Greenland,  Faroe Islands 1
Inflation	1. ISO 4217 is the International standard describing three-letter codes (also known as the currency code) to define the names of currencies established The Kingdom of Denmark ( ˈd̥ænmɑɡ̊ (archaic ˈd̥anmɑːɡ̊ commonly known as Denmark, is a country in the Scandinavian region of northern Europe Greenland (Kalaallit Nunaat meaning "Land of the Greenlanders" Grønland is a self-governing Danish Province located between the The Faroe Islands or Faeroe Islands or simply Faroe(s or Faeroes (Føroyar meaning " Sheep Islands" Færøerne Old Norse In economics inflation or price inflation is a rise in the general level of prices of goods and services over a period of time 5% (Denmark only)
Source	The World Factbook, 2007 est.
ERM
Since	13 March 1979
€ =	kr 7. The European Exchange Rate Mechanism, ERM, was a system introduced by the European Community in March 1979 as part of the European Monetary System (EMS Events 1138 - Cardinal Gregorio Conti is elected Antipope as Victor IV, succeeding Anacletus II. Year 1979 ( MCMLXXIX) was a Common year starting on Monday (link displays the 1979 Gregorian calendar) Please update other articles as well to avoid contradiction within Wikipedia e 46038
Band	2. 25%
Subunit
1/100	øre
Symbol	kr
Plural	kroner
øre	øre
Coins	25, 50 øre, 1, 2, 5, 10, 20 kroner
Banknotes	50, 100, 200, 500, 1000 kroner
Central bank	Danmarks Nationalbank
Website	www.nationalbanken.dk
Special banknotes are issued for use on the Faroe Islands – see Faroese króna

The krone is the currency of Denmark, including the autonomous provinces of Greenland and the Faroe Islands. Øre is the one-hundredth subdivision of the Norwegian krone, Danish krone, Swedish krona and Icelandic króna Currency units A currency sign is a graphic symbol often used as a shorthand for a Currency 's name Plural is a Grammatical number, typically referring to more than one of the Referent in the real world Øre is the one-hundredth subdivision of the Norwegian krone, Danish krone, Swedish krona and Icelandic króna Currency units The current series of Danish banknotes (as of 2007 were introduced during 1997-1999 replacing the 1972 series. The current series of Danish banknotes (as of 2007 were introduced during 1997-1999 replacing the 1972 series. The current series of Danish banknotes (as of 2007 were introduced during 1997-1999 replacing the 1972 series. The current series of Danish banknotes (as of 2007 were introduced during 1997-1999 replacing the 1972 series. The current series of Danish banknotes (as of 2007 were introduced during 1997-1999 replacing the 1972 series. A central bank, reserve bank, or monetary authority is the entity responsible for the Monetary policy of a country or of a group of member states Danmarks Nationalbank (in Danish often simply Nationalbanken) is the Central bank of Denmark. The króna (plural krónur) is the Currency of the Faroe Islands. A currency is a unit of exchange, facilitating the transfer of Goods and/or services It is one form of Money, where money is The Kingdom of Denmark ( ˈd̥ænmɑɡ̊ (archaic ˈd̥anmɑːɡ̊ commonly known as Denmark, is a country in the Scandinavian region of northern Europe Greenland (Kalaallit Nunaat meaning "Land of the Greenlanders" Grønland is a self-governing Danish Province located between the The Faroe Islands or Faeroe Islands or simply Faroe(s or Faeroes (Føroyar meaning " Sheep Islands" Færøerne Old Norse The plural form is "kroner" and one krone is divided into 100 øre, the singular form being the same as the plural. Øre is the one-hundredth subdivision of the Norwegian krone, Danish krone, Swedish krona and Icelandic króna Currency units The ISO 4217 code is DKK; the domestic abbreviation is "kr. ISO 4217 is the International standard describing three-letter codes (also known as the currency code) to define the names of currencies established ". Occasionally, the variants DKR or Dkr are seen, but these are not official.

Contents 1 History 2 Faroe Islands and Greenland 3 Relationship to the euro 4 Coins 5 Banknotes 6 See also 7 References 8 External links

History

Until the late 18th century, the krone was a denomination equal to 8 mark. The rigsdaler was the name of several currencies used in Denmark until 1873 [2] A new krone was introduced as the currency of Denmark in 1873. It replaced the Danish rigsdaler at a rate of 2 kroner = 1 rigsdaler. The rigsdaler was the name of several currencies used in Denmark until 1873 The krone was introduced as a result of the Scandinavian Monetary Union, which lasted until World War I. The Scandinavian Monetary Union (Skandinaviska myntunionen Skandinaviske møntunion Skandinaviske myntunion was a Monetary union formed by Sweden and Denmark World War I (abbreviated WWI; also known as the First World War, the Great War, and the War to End All The initial parties to the monetary union were the Scandinavian countries of Sweden and Denmark, with Norway joining two years later. Terminology and usage As a cultural term "Scandinavia" has no official definition and is subject to usage by those who identify with the culture in question as well "Sverige" redirects here For other uses see Sweden (disambiguation and Sverige (disambiguation. The Kingdom of Denmark ( ˈd̥ænmɑɡ̊ (archaic ˈd̥anmɑːɡ̊ commonly known as Denmark, is a country in the Scandinavian region of northern Europe Norway ( Norwegian: Norge ( Bokmål) or Noreg ( Nynorsk) officially the Kingdom of Norway, is a Constitutional This placed the krone on the gold standard at a rate of 2480 kroner = 1 kilogram fine gold. The gold standard is a monetary system in which a region's common media of exchange are paper notes that are normally freely convertible into pre-set fixed quantities of Gold

The name of the common currency was "krone" in Denmark and Norway (see Norwegian krone), and "krona" in Sweden (both names mean "crown" in English). The krone ( sign: kr; code: NOK) is the Currency of Norway. The plural form is kroner. English is a West Germanic language originating in England and is the First language for most people in the United Kingdom, the United States After the dissolution of the monetary union, Denmark, Norway and Sweden all decided not to change the names of the now separate currencies.

The Scandinavian Monetary Union came to end in 1914 when the gold standard was abandoned. Denmark returned to the gold standard in 1924 but left it permanently in 1931. Between 1940 and 1945, the krone was tied to the German Reichsmark. For a detailed discussion of the English translation of Reich, see Reich. Following the end of the German occupation, a rate of 24 krone to the British pound was introduced, reduced to 19. The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency 34 (4. 8 krone = 1 US dollar) in August the same year. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Within the Bretton Woods System, Denmark devalued its currency with the pound in 1949 to a rate of 6. The Bretton Woods system of monetary management established the rules for commercial and financial relations among the world's major industrial states 91 to the dollar. A further devaluation in 1967 resulted in rates of 7. 5 krone = 1 dollar and 18 krone = 1 pound.

Faroe Islands and Greenland

In the Faroe Islands, Danish coins are used but the islands use distinct banknotes, (see Faroese króna). The Faroe Islands or Faeroe Islands or simply Faroe(s or Faeroes (Føroyar meaning " Sheep Islands" Færøerne Old Norse The króna (plural krónur) is the Currency of the Faroe Islands. During the British occupation of the islands in World War II, a shortage of small change occurred, which prompted the British to produce copies of Danish 1 øre, 2 øre, 5 øre, 10 øre and 25 øre coins for use on the Faroe Islands, the first three in bronze, the latter two in cupronickel. World War II, or the Second World War, (often abbreviated WWII) was a global military conflict which involved a majority of the world's nations, including This issue is identical to pre-war Danish coinage but carries the year 1942 and lacks the tiny heart identifying coins as products of the Royal Danish Mint in Copenhagen. The heart is a muscular organ in all Vertebrates responsible for pumping Blood through the Blood vessels by repeated rhythmic Copenhagen (ˌkəʊpənˈheɪgən ˌkəʊpənˈhɑːgən ˈkəʊpənˌheɪgən ˈkəʊpənˌhɑːgən kʰøb̥ənˈhɑʊ̯ˀn kʰøb̥m̩ˈhɑʊ̯ˀn is the capital and largest city No similar coins were issued this year in Denmark proper, as Denmark shifted to zinc issues this year. Banknotes in circulation in the Faroes were overstamped by the amt administration invalidating the notes outside of the Faroes. Denmark was until December 31, 2006 divided into 15 counties ( Danish: amter) and 270 municipalities (

The modern Faroese banknotes were introduced in the 1950s. Although a common misconception, the Faroese króna is not an independent currency, but a separate set of DKK banknotes with a different design.

In Greenland, the colonial administration issued distinct banknotes between 1803 and 1968, together with coins between 1926 and 1964 (see Greenland rigsdaler and Greenland krone). Greenland (Kalaallit Nunaat meaning "Land of the Greenlanders" Grønland is a self-governing Danish Province located between the The rigsdaler was the currency of Greenland until 1874 It was equal to the Danish rigsdaler which circulated in Greenland alongside distinct banknotes from 1803 The Greenlandic krone (koruuni is a planned future currency for Greenland. In 2006, the governments of Denmark and the Greenland home rule authority announced that by 2008, distinct Greenlandic banknotes will be introduced. These will, like in the Faroes, have the status of a cosmetic variation of DKK banknotes. ^[1]

Due to this status, ordinary Danish banknotes are legal tender in both Greenland and the Faroe Islands, and Danish banks exchange notes issued for use in these regions 1:1 for ordinary Danish notes.

Relationship to the euro

Denmark negotiated special "opt-outs" of the Maastricht Treaty that allowed the country to preserve the krone while most other members of the European Union adopted the euro in 1999. The Maastricht Treaty (formally the Treaty on European Union, TEU) was signed on 7 February 1992 in Maastricht, the Netherlands after final The European Union ( EU) is a political and economic union of twenty-seven member states, located primarily in Please update other articles as well to avoid contradiction within Wikipedia e A referendum on the currency issue held in 2000 rejected the proposed adoption of the euro. A referendum (plural referendums or referenda) ballot question, or plebiscite (from Latin plebiscita The Liberal-Conservative government of Anders Fogh Rasmussen planned another referendum on the issue in 2004, but these plans were dropped when polls showed decreasing support for the euro. Venstre (ˈʋɛnsd̥(ʁɐ in Danish literally Left) full name Venstre Danmarks Liberale Parti ( Venstre Liberal Party of Denmark) is the The Conservative People's Party (Det Konservative Folkeparti also known as Conservatives ( Konservative) is a Danish Political party. Anders Fogh Rasmussen (⁽ˈ⁾ɑnɐs foˀ ˈʀɑsmusn̩, informally known as Anders Fogh ( ˈfoːˀ ⁽ˈ⁾ɑnɐs ˈfɔʊ̯ˀ or simply Fogh, (born January The government is still committed to converting Denmark's currency to the euro eventually.

The krone is pegged to the euro via the ERM II, the European Union's exchange rate mechanism. A fixed exchange rate, sometimes called a pegged exchange rate, is a type of Exchange rate regime wherein a Currency 's value is matched to the value of The European Exchange Rate Mechanism, ERM, was a system introduced by the European Community in March 1979 as part of the European Monetary System (EMS Before the introduction of the euro, the krone was linked to the German mark, the intention being to keep the krone stable.

It is expected that Denmark will vote for the euro in 2008 according to Anders Fogh Rasmussen's statement. Anders Fogh Rasmussen (⁽ˈ⁾ɑnɐs foˀ ˈʀɑsmusn̩, informally known as Anders Fogh ( ˈfoːˀ ⁽ˈ⁾ɑnɐs ˈfɔʊ̯ˀ or simply Fogh, (born January ^[2]

Coins

The coins of the krone currency are issued by the Danish National Bank. Danmarks Nationalbank (in Danish often simply Nationalbanken) is the Central bank of Denmark. When the currency was introduced in the 1870s, coins were minted in denominations of 1, 2, 5, 10 and 25 øre and 1, 2, 10 and 20 kroner. The 1, 2 and 5 øre were minted in bronze, the 10 and 25 øre, 1 and 2 kroner in silver, and the 10 and 20 kroner in gold. Production of gold coins ceased in 1917, followed by silver coins in 1919. Iron substituted bronze in 1918 and 1919. In 1920, cupro-nickel 10 and 25 øre were introduced, followed, in 1924, by aluminium-bronze ½, 1 and 2 krone coins.

In 1941, zinc 1, 10 and 25 øre and aluminium 2 and 5 øre coins were introduced, with zinc 2 and 5 øre following the next year. The ½ and 2 kroner denominations were withdrawn. Cupro-nickel 10 and 25 øre coins were reintroduced in 1946, followed by aluminium-bronze 2 kroner coins the next year. In 1960, the 5 kroner coin was introduced and the production of 2 kroner coins ceased. 1 and 2 øre coins were withdrawn in 1963, 10 kroner coins were introduced in 1979. 5 and 10 øre coins were withdrawn in 1986 and are no longer legal tender. Legal tender or forced tender is Payment that by Law, cannot be refused in settlement of a Debt ( Debtor cannot successfully be sued Between 1989 and 1992, 50 øre, 2 and 20 kroner coins were introduced, thus the following coins are currently in circulation:

Currently Circulated Coins
Value	Technical parameters				Description
	Diameter	Thickness	Mass	Composition	Edge	Obverse	Reverse
25 øre	17. Design The crown is placed in the centre of the obverse of the coin 5 mm	1. 55 mm	2. 8 g	Tin-bronze	Smooth	Crown of King Christian V	Heart (symbol of the Royal Mint)
50 øre	21. Tin is a Chemical element with the symbol Sn (stannum and Atomic number 50 Bronze is any of a broad range of Copper alloys, usually with Tin as the main additive but sometimes with other elements such as Phosphorus A crown is the traditional Symbolic form of Headgear worn by a Monarch or by a Deity, for whom the crown traditionally represents power Christian V ( 15 April 1646 in Flensburg &ndash 25 August 1699 in Copenhagen) was king of Denmark and Design The design is identical to the 25 øre coin issued in 1991. 5 mm	1. 55 mm	4. 3 g
1 krone	20. 25 mm	1. 6 mm	3. 6 g	Cupronickel	Milled	Monogram of Queen Margrethe II	Traditional design (holed)
2 kroner	24. Cupronickel or Coppernickel is an Alloy of Copper, Nickel and strengthening impurities such as Iron and Manganese. A monogram is a motif made by overlapping or combining two or more letters or other Graphemes to form one Symbol. Early life Princess Margrethe was born, to Crown Prince Frederik and Crown Princess Ingrid. 5 mm	1. 8 mm	5. 9 g		Interrupted milling
5 kroner	28. 5 mm	2 mm	9. 2 g		Milled
10 kroner	23. 35 mm	2. 3 mm	7 g	Aluminium bronze	Smooth	Queen Margrethe II	Coat of arms
20 kroner	27 mm	2. Aluminium bronze is a type of Bronze in which Aluminium is the main Alloying Metal added to Copper. Early life Princess Margrethe was born, to Crown Prince Frederik and Crown Princess Ingrid. The National Coat of Arms of Denmark consists of three crowned blue lions accompanied by nine red hearts all in a golden shield 35 mm	9. 3 g		Interrupted milling
For table standards, see the coin specification table.

The 25 øre coin will cease to be legal tender from 1 October 2008. This decision was made due to high costs of production, and a lack of purchasing power for the coin. It will still be possible to exchange it at the Danish National Bank for an as yet undetermined period of time ^[3].

Banknotes

In 1875, the National Bank introduced denominations of 10, 50, 100 and 500 kroner, with 5 kroner following in 1898. From 1891, a number of private banks issued notes, including the Aalborg Kreditbank, the Aarhus Kreditbank, the Dansk Købmandsbank, the Esbjerg Kreditbank, the Fredrikshavn Kreditbank, the Hjørring Kreditbank, the Odense Kreditbank, the Randers Kreditbank, the Thisted Kreditbank, the Varde Kreditbank and the Vejle Kreditbank. Aalborg ( IPA ˈʌlb̥ɒːˀ is a city in Denmark. Its population as of 2006 is 121540 making it the fourth largest in the country after Copenhagen, Geography The city lies roughly at the geographical centre of Denmark on the peninsula of Frederikshavn (originally named Fladstrand) is a Danish town in Frederikshavn municipality, Region Nordjylland on the northeast coast of Hjørring is a town and a municipality ( Danish, kommune) in Region Nordjylland on the west coast of the island of Vendsyssel-Thy The city of Odense (Danish ˈoð̞ˀn̩sə) is the fourth largest city in Denmark. Randers (ˈʁɑnɐs is a city in Randers municipality ( Aarhus County, Region Midtjylland) on the Jutland peninsula in central Thisted is a town in Thisted municipality of Region Nordjylland, in Denmark. Varde is a municipality ( Danish, kommune) in Region Syddanmark on the west coast of the Jutland peninsula in southwest Denmark Vejle (ˈvaile is a town in Denmark and the site of the council of both Vejle municipality ( kommune) and Region Syddanmark Denominations included 10 and 25 øre, 1, 2, 5, 10, 20, 25 and 50 kroner.

In 1914, 1 krone notes were introduced due to the outbreak of the First World War and were issued until 1921. World War I (abbreviated WWI; also known as the First World War, the Great War, and the War to End All In 1945, the Allied Command issued notes for 25 øre, 1, 5, 10, 50 and 100 kroner. The Allies of World War II were the countries officially opposed to the Axis powers during the Second World War.

5 kroner notes were replaced by coins in 1960. The next new denomination was not introduced until 1972, when production of 1000 kroner notes began. In 1979, the 10 kroner note was replaced by a coin and 20 kroner notes were introduced, although these have since also been replaced by coins (both are, however, still legal tender).

Main article: Banknotes of Denmark, 1997 series

In 1997, a complete new series was issued ranging from 50 to 1000 kroner. The current series of Danish banknotes (as of 2007 were introduced during 1997-1999 replacing the 1972 series. During 2002-2005, additional security features were added.

1997 Series [3]
Image		Value	Dimensions	Main Colour	Description			Date of
Obverse	Reverse				Obverse	Reverse	Watermark	first printing	issue
[4] [5]	[6] [7]	50 kroner	125 × 72 mm	Purple	Karen Blixen	Centaur from Landet Church	As portrait	1999 2005	7 May 1999 25 August 2005
[8] [9]	[10] [11]	100 kroner	135 × 72 mm	Orange	Carl Nielsen	Basilisk from Tømmerby Church		1999 2002	22 November 1999 27 November 2002
[12] [13]	[14] [15]	200 kroner	145 × 72 mm	Green	Johanne Luise Heiberg	Lion from Viborg Cathedral		1997 2003	10 March 1997 9 April 2003
[16] N/A	[17] N/A	500 kroner	155 × 72 mm	Blue	Niels Bohr	Knight fighting a dragon from Lihme Church		1997 2003	12 September 1997 24 September 2003
[18] N/A	[19] N/A	1000 kroner	165 × 72 mm	Red	Anna, Michael Ancher	Tournament from Bislev Church	Anna Ancher	1998 2004	18 September 1998 25 November 2004
For table standards, see the banknote specification table. Baroness Karen von Blixen-Finecke ( April 17, 1885 &ndash September 7, 1962) Née Karen Dinesen, was a In Greek mythology, the centaurs (from Ancient Greek: Κένταυροι - Kéntauroi are a race of creatures composed of part Human Events 558 - In Constantinople, the dome of the Hagia Sophia collapses Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) Events 1248 - The Dutch city of Ommen receives city rights and fortification rights from Otto III the Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Carl August Nielsen (9 June 1865 &ndash 3 October 1931 was a conductor, Violinist, and Composer from Denmark. In European bestiaries and Legends a basilisk ('bæzɪlɪsk from the Greek βασιλίσκος basilískos, "little king" Events 498 - Kofi Aseidu- After the death of Anastasius II, Symmachus is elected Pope in the Lateran Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) Events 1095 - Pope Urban II declares the First Crusade at the Council of Clermont See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. Johanne Luise Heiberg (née Pätges ( 22 November 1812 &ndash 21 December 1890) was one of the greatest Danish actresses The lion ( Panthera leo) is a member of the family Felidae and one of four Big cats in the Genus Panthera. Viborg Cathedral, Our Lady Cathedral (Viborg Domkirke eller Vor Frue Domkirke is the site of one of Denmark 's most important historic churches located in the town of Viborg Events 241 BC - First Punic War: Battle of the Aegates Islands - The Romans sink the Carthaginian fleet bringing Year 1997 ( MCMXCVII) was a Common year starting on Wednesday (link will display full 1997 Gregorian calendar Events 193 - Septimius Severus is proclaimed Roman Emperor by the army in Illyricum (in the Balkans) Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. Niels Henrik David Bohr (nels ˈb̥oɐ̯ˀ in Danish 7 October 1885 – 18 November 1962 was a Danish Physicist who made fundamental contributions to understanding Knight is the English term for a social position originating in the Middle Ages. The dragon is a Legendary creature of which some interpretation or depiction appears in almost every culture worldwide Events 1213 - Albigensian Crusade: Simon de Montfort 5th Earl of Leicester, defeats Peter II of Aragon at the Year 1997 ( MCMXCVII) was a Common year starting on Wednesday (link will display full 1997 Gregorian calendar Events 622 - Prophet Muhammad completes his hegira from Mecca to Medina. Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. Anna Kirstine Brøndum Ancher ( August 18, 1859  – April 15, 1935) was the only one of the Skagen Painters that was Michael Peter Ancher ( June 9, 1849 &ndash September 19, 1927) born on the island of Bornholm, was a Danish painter A tournament (IPA) is a Competition involving a relatively large number of competitors all participating in a Sport or Game. Events 96 - Nerva is proclaimed Roman Emperor after Domitian is assassinated Year 1998 ( MCMXCVIII) was a Common year starting on Thursday (link will display full 1998 Gregorian calendar) Events 1034 - Máel Coluim mac Cináeda, King of Scots dies Donnchad, the "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again "

The current designs of the Danish banknotes are going to be replaced between 2009 and 2012 ^[4]. The new theme for the banknotes is Danish bridges. The process of designing the new banknotes was initiated in 2006 by the Danish National Bank.

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See also

• Denmark and the euro
• Banknotes of Denmark, 1972 series
• Banknotes of Denmark, 1997 series
• Scandinavian Monetary Union
• Swedish krona
• Norwegian krone
• Economy of Denmark
• Economy of Greenland
• Economy of the Faroe Islands

References

External links

• Don's World Coin Gallery - Denmark
• Ron Wise's World Paper Money - Denmark ^{Mirror site}
• The Global History of Currencies - Denmark
• Global Financial Data data series - Denmark Krone
• Global Financial Data currency histories table ( Microsoft Excel format)
• Royal Mint of Denmark see Denmark's coin series.

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