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Denmark has not introduced the euro, following a rejection by referendum in 2000, but the Danish krone is pegged closely to the euro (with the rate 7.46038±2.25%) in ERM II, the EU's exchange rate mechanism. Denmark borders one eurozone member, Germany, and one other EU member, Sweden, which is legally obliged to join the euro in the future ...
The Danish krone is part of the ERM II mechanism, so its exchange rate is tied to within 2.25% of the euro. Many political parties in Denmark favour the introduction of the euro and the idea of a second referendum has even been suggested several times since 2000.
Denmark is the only EU member state which has been granted an exemption from using the euro. [1] Czechia, Hungary, Poland, Romania and Sweden have not adopted the Euro either, although unlike Denmark, they have not formally opted out; instead, they fail to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro.
Consequently, the Danish krone is the only currency in the European Exchange Rate Mechanism II (ERM II), [73] before Bulgaria and Croatia joined in 2020 (the latter uses the euro since 2023) [74] In the first months of 2015, Denmark experienced the largest pressure against the fixed exchange rate for many years because of very large capital ...
Danish krone – Denmark, Greenland; ... List of countries by exchange rate regime; List of central banks; ISO 4217 This page was last edited on 28 ...
The Danish krone is part of the ERM-II mechanism, so its exchange rate is tied to within 2.25% of the euro. Most of the large political parties in Denmark favour the introduction of the euro, and the idea of a second referendum has been suggested several times since 2000.
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Denmark: Danish krone: 1873–present Replaced Danish rigsdaler Faroe Islands: Faroese króna: 1949–present Form of Danish krone. Iceland: Icelandic króna: 1922–present Replaced Danish krone. Norway: Norwegian krone: 1875–present Replaced Norwegian speciedaler. [1] Sweden: Swedish krona: 1873–present Replaced Swedish riksdaler [1]