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Encyclopedia > Danish krone
Danish krone
dansk krone (Danish)
banknotes and coins All coins except 2 kroner
ISO 4217 Code DKK
User(s) Denmark, Greenland, Faroe Islands 1
Inflation 1.8% (Denmark only)
Source The World Factbook, 2006 est.
ERM
Since 13 March 1979
= kr 7.46038
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
  1. 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. The plural form is "kroner" and one krone is divided into 100 øre, the singular form being the same as the plural. The ISO 4217 code is DKK; the domestic abbreviation is "kr.". Occasionally, the form DKR or Dkr is seen, but these symbols are not official. Image File history File linksMetadata Download high resolution version (1000x750, 572 KB) Summary >DanishKroners. ... Image File history File linksMetadata Danske_mønter_ubt. ...  Eurozone countries  ERM II countries  other EU countries  unilaterally adopted euro 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), to reduce exchange rate variability and achieve monetary stability in Europe, in preparation for... March 13 is the 72nd day of the year in the Gregorian calendar (73rd in leap years). ... For the song by the Smashing Pumpkins, see 1979 (song). ... ISO 4217 Code EUR User(s) Andorra, Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Kosovo, Luxembourg, Monaco, Montenegro, the Netherlands, Portugal, San Marino, Slovenia, Spain, Vatican City Inflation 1. ... Øre is the one-hundredth subdivision of the Norwegian krone and Danish krone currency units. ... Look up Plural in Wiktionary, the free dictionary 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 and Danish krone currency units. ... The Danish 50 kroner bill (DKK50) is a denomination of Danish currency. ... The Danish 100 kroner bill (DKK100) is a denomination of Danish currency. ... The Danish 200 kroner bill (DKK200) is a denomination of Danish currency. ... The Danish 500 kroner bill (DKK500) is a denomination of Danish currency. ... The Danish thousand-kroner bill (DKK1000) is a denomination of Danish currency. ... Danmarks Nationalbank (English: National Bank of Denmark - in Danish often simply Nationalbanken) is the central bank of Denmark. ... The Faroese króna is the currency of the Faroes. ... Øre is the one-hundredth subdivision of the Norwegian krone and Danish krone currency units. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...

Contents

History

Until the late 18th century, the krone was a denomination equal to 8 mark.[1] A new krone was introduced as the currency of Denmark in 1873. It replaced the rigsdaler at a rate of 2 kroner = 1 rigsdaler. The krone was introduced as a result of the Scandinavian Monetary Union, which lasted until World War I. The initial parties to the monetary union were the Scandinavian countries of Sweden and Denmark, with Norway joining two years later. This placed the krone on the gold standard at a rate of 2480 kroner = 1 kilogram fine gold. The Rigsdaler was the unit of currency used in Denmark until 1873 and in Norway until 1816. ... 1873 (MDCCCLXXIII) was a common year starting on Wednesday (see link for calendar). ... The Rigsdaler was the unit of currency used in Denmark until 1873 and in Norway until 1816. ... The Scandinavian Monetary Union (Swedish: Skandinaviska myntunionen, Danish: Skandinaviske møntunion) was a monetary union formed by Sweden and Denmark on May 5, 1873 by fixing their currencies against gold at par to each other. ... “The Great War” redirects here. ... Scandinavia is a historical and geographical region centered on the Scandinavian Peninsula in Northern Europe and includes the three kingdoms of Denmark, Norway and Sweden. ... The gold standard is a monetary system in which the standard economic measure of value is gold, and the currencies which are used as units of account are specified as a weight of gold, ideally fixed and not subject to change, and where all currency issuance is to one degree...


The name of the common currency was "krone" in Denmark and Norway (see Norwegian krone), and the "krona" in Sweden (both names mean "crown" in English). After the dissolution of the monetary union, Denmark, Norway and Sweden all decided not to change the names of the now separate currencies. ISO 4217 Code NOK User(s) Norway Inflation rate 2. ... ISO 4217 Code SEK User(s) Sweden Inflation 2. ... The English language is a West Germanic language that originates in England. ...


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. Following the end of the German occupation, a rate of 24 krone to the British pound was introduced, reduced to 19.34 (4.8 krone = 1 US dollar) in August the same year. Within the Bretton Woods System, Denmark devalued its currency with the pound in 1949 to a rate of 6.91 to the dollar. A further devaluation in 1967 resulted in rates of 7.5 krone = 1 dollar and 18 krone = 1 pound. User(s) Germany Subunit 1/100 Reichspfennig Symbol RM Reichspfennig Rpf. ... For details of notes and coins, see British coinage and British banknotes. ... The United States dollar is the official currency of the United States. ... Wikipedia does not have an article with this exact name. ...


Faroe Islands and Greenland

On the Faroe Islands Danish coins are used as well but the islands use bank notes with unique Faroese motifs (see: Faroese króna; although a common misunderstanding, the Faroese króna is legally speaking not an independent currency.) In 2006, the governments of Denmark and Greenland announced that by 2008, Greenlanders would be able to pay with Danish banknotes printed with Greenlandic motifs, similar to the current situation in the Faroes. Ordinary Danish banknotes will remain legal tender in Greenland. The Faroese króna is the currency of the Faroes. ... The Faroese króna is the currency of the Faroes. ...


Relationship to the euro

Denmark negotiated special "opt-outs" of the Maastricht Treaty that allowed the country to preserve the krone while the majority of the European Union adopted the euro in 1999. A new referendum held in 2000 reconfirmed the population's attachment to the krone. The Liberal-Conservative government of Anders Fogh Rasmussen planned on holding another referendum on the adoption of the euro in 2004, but these plans were dropped when polls showed decreasing support for the euro. The government is still committed to Danish membership of the euro. The Maastricht Treaty (formally, the Treaty of European Union, TEU) was signed on February 7, 1992 in Maastricht, Netherlands after final negotiations in December 1991 between the members of the European Community and entered into force on November 1, 1993 during the Delors Commission. ... ISO 4217 Code EUR User(s) Andorra, Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Kosovo, Luxembourg, Monaco, Montenegro, the Netherlands, Portugal, San Marino, Slovenia, Spain, Vatican City Inflation 1. ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... Ballots of the Argentine plebiscite of 1984 on the border treaty with Chile A referendum (plural: referendums or referenda) or plebiscite (from Latin plebiscita, originally a decree of the Concilium Plebis) is a direct vote in which an entire electorate is asked to either accept or reject a particular proposal. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... The Liberal Party (Liberale Parti, also known as Venstre) is a major free market liberal party in Denmark. ... The Conservative Peoples Party (Danish Det Konservative Folkeparti) is a Danish political party. ... Anders Fogh Rasmussen , also: (born January 26, 1953) is the current Prime Minister of Denmark (in Danish Statsminister, meaning State Minister). ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...


The krone is closely pegged to the euro via the ERM II, the European Union's exchange rate mechanism. Before the introduction of the euro, the krone was linked to the Deutsche Mark, thus keeping the krone stable at all times.  Eurozone countries  ERM II countries  other EU countries  unilaterally adopted euro 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), to reduce exchange rate variability and achieve monetary stability in Europe, in preparation for... The Deutsche Mark (DM, DEM) was the official currency of West and, from 1990, unified Germany. ...


Coins

1941 aluminium 2 øre coin
1941 aluminium 2 øre coin

The coins of the krone are minted by the Danish National Bank. When the currency was introduced, 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 and 1 and 2 kroner in silver and the 10 and 20 kroner in gold. Production of gold coins ceased in 1916, followed by silver coins in 1919. Iron was substituted for 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. Image File history File linksMetadata No higher resolution available. ... Image File history File linksMetadata No higher resolution available. ... A mint is a facility which manufactures coins for currency. ... Danmarks Nationalbank (English: National Bank of Denmark - in Danish often simply Nationalbanken) is the central bank of Denmark. ...


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. Aluminium-bronze 2 kroner were reintroduced in 1947, followed by cupro-nuckel 10 and 25 øre 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 not issued after 1972 but 10 kroner coins were introduced in 1979. 5 and 10 øre coins ceased production in 1988. Between 1989 and 1992, 50 øre, 2 and 20 kroner coins were introduced to give the following coins in circulation today:

Value Obverse Reverse
25 øre Crown of King Christian V Heart (symbol of the Royal Mint)
50 øre Crown of King Christian V Heart (symbol of the Royal Mint)
1 krone Monogram of Queen Margrethe II Traditional design (holed)
2 kroner Monogram of Queen Margrethe II Traditional design (holed)
5 kroner Monogram of Queen Margrethe II Traditional design (holed)
10 kroner Queen Margrethe II Coat of arms
20 kroner Queen Margrethe II Coat of arms

A crown is a symbolic form of headgear worn by a monarch or by a god, for whom the crown is traditionally one of the symbols of power and legitimacy (See Regalia for a broader treatment). ... Christian V (April 14, 1646 in Flensburg - August 25, 1699 in Copenhagen), was king of Denmark and Norway from 1670-1699. ... A crown is a symbolic form of headgear worn by a monarch or by a god, for whom the crown is traditionally one of the symbols of power and legitimacy (See Regalia for a broader treatment). ... Christian V (April 14, 1646 in Flensburg - August 25, 1699 in Copenhagen), was king of Denmark and Norway from 1670-1699. ... The Chi-Rho, a monogram of the first two letters in the Greek word for Christ E and L embroider for clothes and bedding, for a wife by the initials E L or L E A monogram is a motif made by overlapping or combining two or more letters or... Queen Margrethe II (Margrethe Alexandrine Þórhildur Ingrid) (born 16 April 1940) is the Queen regnant and head of state of Denmark. ... The Chi-Rho, a monogram of the first two letters in the Greek word for Christ E and L embroider for clothes and bedding, for a wife by the initials E L or L E A monogram is a motif made by overlapping or combining two or more letters or... Queen Margrethe II (Margrethe Alexandrine Þórhildur Ingrid) (born 16 April 1940) is the Queen regnant and head of state of Denmark. ... The Chi-Rho, a monogram of the first two letters in the Greek word for Christ E and L embroider for clothes and bedding, for a wife by the initials E L or L E A monogram is a motif made by overlapping or combining two or more letters or... Queen Margrethe II (Margrethe Alexandrine Þórhildur Ingrid) (born 16 April 1940) is the Queen regnant and head of state of Denmark. ... Queen Margrethe II (Margrethe Alexandrine Þórhildur Ingrid) (born 16 April 1940) is the Queen regnant and head of state of Denmark. ... The National Coat of Arms of Denmark consists of three crowned blue lions accompanied by nine red hearts, all in a golden shield. ... Queen Margrethe II (Margrethe Alexandrine Þórhildur Ingrid) (born 16 April 1940) is the Queen regnant and head of state of Denmark. ... The National Coat of Arms of Denmark consists of three crowned blue lions accompanied by nine red hearts, all in a golden shield. ...

Banknotes

Early krone banknotes were issued in denominations of 5, 10, 50, 100 and 500 kroner. 1 krone notes were added during the First World War. 5 kroner notes were replaced by coins in 1960. The next new denomination was not introduced until 1972, when 1000 kroner notes began production. 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. The presently circulating banknotes are: Ypres, 1917, in the vicinity of the Battle of Passchendaele. ...

Value Obverse Reverse
50 kroner Karen Blixen Centaur from Landet Church
100 kroner Carl Nielsen Basilisk from Tømmerby Church
200 kroner Johanne Luise Heiberg Lion from Viborg Cathedral
500 kroner Niels Bohr Knight fighting a dragon from Lihme Church
1000 kroner Anna and Michael Ancher Tournament from Bislev Church

The current designs of the Danish banknotes are going to be replaced from 2009 to 2012 [1]. The new theme for the banknotes is Danish bridges. The process of designing the new banknotes was initiated in 2006 by Danmarks Nationalbank. The Danish 50 kroner bill (DKK50) is a denomination of Danish currency. ... Blixen in Kenya, 1918 Baroness Karen von Blixen-Finecke (April 17, 1885 – September 7, 1962), née Dinesen, was a Danish author also known under her pen name Isak Dinesen. ... In Greek mythology, the centaurs (Greek: Κένταυροι) are a race of creatures composed of part human and part horse. ... The Danish 100 kroner bill (DKK100) is a denomination of Danish currency. ... Carl Nielsen Carl August Nielsen (June 9, 1865, Sortelung – October 3, 1931, Copenhagen) was a conductor, violinist, and the most internationally known composer from Denmark. ... Woodblock print of a basilisk from Ulisse Aldrovandi, Monstrorum historia, 1642 Cityseal of Zwolle from 1295 with Saint-Michael killing a basilisk In European bestiaries and legends, a basilisk (from the Greek βασιλίσκος basiliskos, a little king, in Latin Regulus) is a legendary reptile reputed to be king of serpents and... The Danish 200 kroner bill (DKK200) is a denomination of Danish currency. ... Johanne Luise Heiberg (22 November 1812 – 21 December 1890) was one of the greatest Danish actresses of the 19th century. ... Binomial name Panthera leo (Linnaeus, 1758) Distribution of Lions in Africa Synonyms Felis leo (Linnaeus, 1758) The lion (Panthera leo) is a mammal of the family Felidae and one of four big cats in the genus Panthera. ... The Danish 500 kroner bill (DKK500) is a denomination of Danish currency. ... Niels (Henrik David) Bohr (October 7, 1885 – November 18, 1962) was a Danish physicist who made fundamental contributions to understanding atomic structure and quantum mechanics, for which he received the Nobel Prize in 1922. ... The silver Anglia knight, commissioned as a trophy in 1850, intended to represent the Black Prince. ... For other uses, see Dragon (disambiguation). ... The Danish thousand-kroner bill (DKK1000) is a denomination of Danish currency. ... Syende fiskerpige (Sewing fisherman´s wife) Anna Kirstine Brøndum Ancher (August 18, 1859 - April 15, 1935), was the only one of the Skagen Painters that was actually born in Skagen, Denmark. ... Vil han klare pynten (Will he round the point) Michael Peter Ancher (June 9, 1849 - September 19, 1927), born on Bornholm, was a Danish painter. ... A tournament is a competition involving a relatively large number of competitors, all participating in a single sport or game. ...

Current DKK exchange rates
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References

  • Chester L. Krause & Cliffor Mischler (1991). in Colin R. Bruce II: Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1. 
  • Albert Pick (1994). in Neil Shafer & Colin R. Bruce II: Standard Catalog of World Paper Money, General Issues, 7th ed., Krause Publications. ISBN 0-87341-207-9. 

Danmarks Nationalbank (English: National Bank of Denmark - in Danish often simply Nationalbanken) is the central bank of Denmark. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ... January 2 is the second day of the year in the Gregorian calendar. ...

See also


  Results from FactBites:
 
Danish Krone (1136 words)
The government in Denmark in 1999 preserved the Danish krone by bargaining the "opt outs" in the Maastricht Treaty due to the attachment of the majority of population with the krone but the country is still committed to opt the euro in near future as it is the member of the European union.
The Danish coinage in the currency is minted and banknotes are printed by the Danmarks Nationalbank, the central bank of Denmark, which has the sole authority to manage the flow of currency in the country.
Krone was pegged to the German reichsmark during the German occupation from the year 1940 to 1945 but after the Second World War was over it was pegged to the British pound and US dollar.
Calculator for Danish Krone (DKK) Currency Exchange Rate Conversion (347 words)
Enter the amount to be converted in the box to the left of the currency and press the "convert" button.
The Danish Krone is the currency in Denmark (DK, DNK), Faeroe Islands, and Greenland (GL, GRL).
The Danish Krone is also known as Krones.
  More results at FactBites »

 
 

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