Official currency of Denmark, Greenland and the Faroe Islands
This article is about the national currency of Denmark, sometimes named the "Danish crown". For the food company, see Danish Crown (company).
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Danish krone
dansk krone(Danish)
donsk króna(Faroese)
danskit koruuni(Greenlandic)
100 kroner banknote
1 krone coin
ISO 4217
Code
DKK (numeric: 208)
Subunit
0.01
Unit
Unit
krone
Plural
kroner
Symbol
kr.
Denominations
Subunit
1⁄100
øre
Plural
øre
øre (singular and plural)
Banknotes
50, 100, 200, 500, 1000 kroner[1]
Coins
50-øre, 1, 2, 5, 10, 20 kroner
Demographics
Replaced
Danish rigsdaler
User(s)
Denmark
Greenland
Faroe Islands1
Issuance
Central bank
Danmarks Nationalbank
Website
www.nationalbanken.dk
Valuation
Inflation
0.6% (Denmark only)
Source
August 2013[2]
EU Exchange Rate Mechanism (ERM)
Since
13 March 1979
1 € =
7.46038 kr.[3]
Band
2.25%
Special banknotes are issued for use on the Faroe Islands–see Faroese króna
The krone (Danish:[ˈkʰʁoːnə]; plural: kroner; sign: kr.; code: DKK) is the official currency of Denmark, Greenland, and the Faroe Islands, introduced on 1 January 1875.[4] Both the ISO code "DKK" and currency sign "kr." are in common use; the former precedes the value, the latter in some contexts follows it. The currency is sometimes referred to as the Danish crown in English, since krone literally means crown. Historically, krone coins have been minted in Denmark since the 17th century.
One krone is subdivided into 100 øre (Danish pronunciation:[ˈøːɐ]; singular and plural), the name øre is probably derived from the Latin word for gold.[5] Altogether there are eleven denominations of the krone, with the smallest being the 50 øre coin (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 some of the major political parties; however, a 2000 referendum on joining the Eurozone was defeated with 53.2% voting to maintain the krone and 46.8% voting to join the Eurozone.[6]
^"Danish banknotes and coins today". www.nationalbanken.dk. Retrieved 4 September 2023.
^"Danish Inflation at Four-Decade Low After Economy Stagnates". Bloomberg.com. 12 August 2013. Retrieved 29 July 2023.
^"Monetary and exchange-rate policy". www.nationalbanken.dk. Retrieved 13 June 2016.
^"History of Danish coinage". Denmark's Nationalbank. Archived from the original on 30 July 2012. Retrieved 12 April 2012.
^"øre,2 —". ordnet.dk. Retrieved 29 July 2023.
^"Folkeafstemning om euroen den 28. september 2000" (in Danish). Folketinget. 8 August 2006. Retrieved 24 September 2012.
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