Currency
Currency of Denmark - Danish Krone
The krone is the currency used in Denmark. Although it is usual to talk about the Danish Kroner, it is actually more correct to talk about the krone, since the plural form is kroner, but it is like the difference between talking about English pounds and the English pound.
The krone is symbolised by the abbreviation kr so items will be marked as, for example, 1kr. It is referred to as the DKK in terms of the exchange rate and external financial markets. So sometimes you may see the krone referred to as kr other times as DKK, but they are basically just the krone.
The Danish krone is not just the currency of Denmark, but also of the Faroe Islands and Greenland. Denmark has opted out of the Euro, despite the fact that it is part of the European Union and a mass vote or referendum in the year 2000 meant that the Danish Krone would be in use for years to come, but another referendum is due in 2008 and it is likely that this will see the end of the Krone and Denmark opting instead to adopt the Euro.
The Currency
The authority responsible for issuing the krone is the Danish National bank. The krone is broken down into 100 Øre. It has coins of 25 Øre and 50 Øre in circulation, although the 25 Øre coins will not be legal tender after October 1st 2008.
1 krone coins are in circulation, as are 2, 5, 10 and 20 kroner coins, the rest being notes.
The notes are issued in various denominations ranging from 50 to 1000 kroner.
The Currency in Greenland and Faroe Islands
In Greenland, the notes in use have traditionally been standard Danish notes, but these are to be replaced with specific kroner that are Greenland kroner, by 2008.
In Faroe the use of Danish coins is common, but the banknotes are slightly different and they are recognised as Faroese kroner.
In both countries, the Danish krone can be used alongside the specific Faroese or Greenland krone, with the exchange rate being 1:1.
The krone is the currency used in Denmark. Although it is usual to talk about the Danish Kroner, it is actually more correct to talk about the krone, since the plural form is kroner, but it is like the difference between talking about English pounds and the English pound.
The krone is symbolised by the abbreviation kr so items will be marked as, for example, 1kr. It is referred to as the DKK in terms of the exchange rate and external financial markets. So sometimes you may see the krone referred to as kr other times as DKK, but they are basically just the krone.
The Danish krone is not just the currency of Denmark, but also of the Faroe Islands and Greenland. Denmark has opted out of the Euro, despite the fact that it is part of the European Union and a mass vote or referendum in the year 2000 meant that the Danish Krone would be in use for years to come, but another referendum is due in 2008 and it is likely that this will see the end of the Krone and Denmark opting instead to adopt the Euro.
The Currency
The authority responsible for issuing the krone is the Danish National bank. The krone is broken down into 100 Øre. It has coins of 25 Øre and 50 Øre in circulation, although the 25 Øre coins will not be legal tender after October 1st 2008.
1 krone coins are in circulation, as are 2, 5, 10 and 20 kroner coins, the rest being notes.
The notes are issued in various denominations ranging from 50 to 1000 kroner.
The Currency in Greenland and Faroe Islands
In Greenland, the notes in use have traditionally been standard Danish notes, but these are to be replaced with specific kroner that are Greenland kroner, by 2008.
In Faroe the use of Danish coins is common, but the banknotes are slightly different and they are recognised as Faroese kroner.
In both countries, the Danish krone can be used alongside the specific Faroese or Greenland krone, with the exchange rate being 1:1.
