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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. [3] 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.
Currency Period Notes Czech Republic: Czech koruna: 1993–present Replaced Czechoslovak koruna. 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
All three countries still use the same currencies as during the monetary union, but they lost their peg, one to one, in 1914. The Icelandic króna is a derivative of the Danish krone, established after Iceland was elevated to a separate kingdom in union with Denmark in 1918. Iceland cut its ties to Denmark in 1944 and became a republic.
It is not a separate currency, but is rather a local issue of banknotes denominated in the Danish krone, although Danish-issued coins are still used. Consequently, it does not have an ISO 4217 currency code and instead shares that of the Danish krone, DKK. This means that in the Faroe Islands, credit cards are charged in Danish kroner.
The name krone is derived from the Danish krone, introduced in an 1873 currency reform that replaced Danish mark and skilling. Currently, the Danish krone circulates in Greenland. The Greenlandic krone was not intended to be an independent currency but a version of the Danish krone.
Denmark uses the krone as its currency and does not use the euro, having negotiated the right to opt out from participation under the Maastricht Treaty of 1992. In 2000, the government held a referendum on introducing the euro, which was defeated with 53.2% voting no and 46.8% voting yes.
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The krone coin is the second-smallest denomination of the Danish krone. History Silver coin ... [12] and the reverse is based on pre-historic Danish art. [13] [14] ...