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Encyclopedia > Norwegian speciedaler

The speciedaler was a Norwegian coin, initially equivalent to the Danish rigsdaler specie coin of the 18th century. In 1816 it became the standard unit of currency in Norway, subdivided into 120 skilling. The speciedaler was replaced by the krone in 1875 when Norway joined the Scandinavian Monetary Union, at a rate of 4 krone = 1 speciedaler. The Rigsdaler was the unit of currency used in Denmark until 1873 and in Norway until 1816. ... The skilling was the Scandinavian equivalent of the schilling or shilling. ... 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. ...


 
 

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