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Denmark Currency

ISO 4217 code
DKK
Central bank
Danmarks
Nationalbank
 Website
www.nationalbanken.
dk
User(s)
Denmark
Greenland
Faroe Islands1
Inflation
0.6% (Denmark only)
 Source
August 2013[1]
ERM
 Since
13 March 1979
€ =
kr 7.46038
 Band
2.25%
Pegged with
Euro
Subunit
 1/100
øre
Symbol
kr.
Plural
kroner
øre
øre (singular and
plural)
Coins
50-øre, 1, 2, 5, 10, 20
kroner
Banknotes
50, 100, 200, 500,
1000 kroner
1. Special
banknotes are
issued for use
on the Faroe
Islands – see
Faroese króna
The krone (plural:
kroner; sign: kr.; code:
DKK) is the official
currency of Denmark,
Greenland and the Faroe
Islands, introduced on 1
January 1875.[2] Both
the ISO code "DKK" and
currency sign "kr." are in
common use; the
former precedes the
value, the latter usually
follows it. The currency
is sometimes referred
to as the Danish
crown in English, since
krone literally means
crown. Historically,
krone coins had been
minted in Denmark
since the 17th century.
One krone is subdivided
into 100 øre (singular
and plural), the name
deriving from the Latin
aureus.[3] All-together
there are eleven
denominations of the
krone, with the
smallest being the 50
øre coin, which is valued
at one half of a krone.
Formerly there were
more øre coins, but
those were
discontinued due to
inflation.
The krone is pegged to
the euro via the ERM II,
the European Union's
exchange rate
mechanism. Adoption of
the euro is favoured by
the major political
parties, however a 2000
referendum on joining
the Eurozone was
defeated with 46.8%
voting yes and 53.2%
voting no.


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