The krone (sign: kr; code: DKK) is the currency of Denmark, including the autonomous provinces of Greenland and the Faroe Islands. The krone is pegged to the euro via the European Union's exchange rate mechanism. The plural form is "kroner" and one krone is divided into 100 øre, the singular form being the same as the plural. The ISO 4217 code is DKK; the domestic abbreviation is "kr.". Occasionally, the variants DKR or Dkr are seen, but these ar...
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The krone (sign: kr; code: DKK) is the currency of Denmark, including the autonomous provinces of Greenland and the Faroe Islands. The krone is pegged to the euro via the European Union's exchange rate mechanism. The plural form is "kroner" and one krone is divided into 100 øre, the singular form being the same as the plural. The ISO 4217 code is DKK; the domestic abbreviation is "kr.". Occasionally, the variants DKR or Dkr are seen, but these are not official. The currency is sometimes informally referred to as the "Danish crown" in English (since krone literally means crown in Danish).
Until the late 18th century, the krone was a denomination equal to 8 mark. A new krone was introduced as the currency of Denmark in 1873. It replaced the Danish rigsdaler at a rate of 2 kroner = 1 rigsdaler. The krone was introduced as a result of the Scandinavian Monetary Union, which lasted until World War I. The initial parties to the monetary union were the Scandinavian countries of Sweden and...
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