Greenland adopted the Act on Banknotes in Greenland in with a view to introducing separate Greenlandic banknotes. Banknotes has since been issued with the values: The krone Danish pronunciation: The design of the coin series is intended to ensure that the coins are easy to distinguish from each other:. In and new banknote designs were distributed.
54 rows · This currency rates table lets you compare an amount in Danish Krone to all other currencies.
Restricting cookies will prevent you benefiting from some of the functionality of our website. Economy The country advocates a liberal trade policy. The main industries are textiles, clothing, windmills, food processing, chemicals, steel, iron, gas, furniture, wood, shipbuilding, and non-ferrous metals.
Export products are meat, Christmas trees, wood, fish, diary products, potted plants, furniture, pharmaceuticals, instruments, and machinery. Import products are chemicals, grains, foodstuffs, raw materials, equipment, and machinery.
Inflation for the country is 1. History The first krone was introduced in the s. In the Danish rigsdaler was replaced by a new krone. The latter part of the 18th century and much of the 19th century saw expanding economic activity and thus also a need for means of payment that were easier to handle than coins. Consequently, banknotes were increasingly used instead of coins.
The introduction of the new krone was a result of the Scandinavian Monetary Union , which came into effect in with the coins being adopted two years later and lasted until World War I. The parties to the union were the three Scandinavian countries, where the name was krone in Denmark and Norway and krona in Sweden , a word which in all three languages literally means crown.
The Scandinavian Monetary Union came to an end in when the gold standard was abandoned. Denmark, Sweden and Norway all decided to keep the names of their respective and now separate currencies.
Denmark returned to the gold standard in but left it permanently in Between and , the krone was tied to the German Reichsmark. Following the end of the German occupation, a rate of 24 kroner to the British pound was introduced, reduced to Within the Bretton Woods System , Denmark devalued its currency with the pound in to a rate of 6.
A further devaluation in resulted in rates of 7. In , it was decided to stop printing of the Krone in Denmark, but would be outsourced, and on 20 December , the last notes were printed by the National Bank. Denmark has not introduced the euro , following a rejection by referendum in , but the Danish krone is pegged closely to the euro in ERM II , the EU's exchange rate mechanism.
Denmark borders one eurozone member, Germany , and one EU member, Sweden , which is legally obliged to join the euro in the future though Sweden maintains that joining ERM II is voluntary , thus avoiding euro adoption for the time being. Greenland adopted the Act on Banknotes in Greenland in with a view to introducing separate Greenlandic banknotes.
The Act entered into force on 1 June In the autumn of , a new Greenlandic government indicated that it did not wish to introduce separate Greenlandic banknotes and Danmarks Nationalbank ceased the project to develop a Greenlandic series. Still, Greenland continues to use Danish kroner as sole official currency. Historically, Greenland under the colonial administration issued distinct banknotes between and , together with coins between and see Greenland rigsdaler and Greenland krone.
Transfers between the countries count as international with international fees, outside EU rules. The design of the coin series is intended to ensure that the coins are easy to distinguish from each other:.
The series is therefore divided into three sequences, each with its own metal colour. This division into colours has its roots in history. In earlier times, the value of the coins was equivalent to the value of the metal from which they were minted: This correlation between colour and value has been retained in the present coin series see examples to the right.
The coins differ in terms of size, weight and rim. Within each sequence the diameter and weight of the coins increase with their value. The rims of the 2- and krone coins have interrupted milling. The 1-, 2- and 5-krone coins have a hole in the middle. Use of these various characteristics makes it easy for the blind and sight-impaired to tell the coins apart.
The coins of the programme have the same size and metal composition as the regular coins of their denomination. The first series, krone coins featuring towers in Denmark, ran between and and spawned ten different motifs. Upon selecting the towers, importance had been attached not only to display aesthetic towers, but also towers with different form, functions and from different regions of Denmark, the Faroe Islands and Greenland. The last coin depicting the Copenhagen City Hall was issued in June , marking the end of the series.
A second series of krone coins, starting in with twelve different planned motifs and ten already released by November , shows Denmark as a maritime nation in the world, featuring iconic Danish, Faroese and Greenlandic ships and like the previous series of tower coins, the series reflect various landmarks in shipbuilding in the three countries. In , Danmarks Nationalbank issued the first in a series of five krone commemorative coins with motifs from Hans Christian Andersen 's fairy tales.
The motifs depicted on the coins were chosen to illustrate various aspects and themes central to the fairy tales with the fifth and final fairy tale coin inspired by The Nightingale being issued on 25 October Featuring motifs of a polar bear, the Sirius Sledge Patrol and the Aurora Borealis , the coins aimed to accentuate scientific research in the backdrop of Greenlandic culture and geography.
The third and final coin entitled 'Northern Lights' marked the completion of the series in Most Danish banknotes with a few exceptions issued after are valid as payment. Banknotes has since been issued with the values: The Portrait and landscape series was issued from to It was replaced in The Jens Juel series was issued from to Every note had a painting made by Jens Juel on the obverse side.
The series was issued from to The process of designing the 'Bridge' banknotes was initiated in by the Danish National Bank. Danish artist Karin Birgitte Lund has chosen to interpret this theme in two ways: The present is represented by the bridges, the past by five distinctive prehistoric objects found near the bridges. Among the new security features is a window thread "Motion" with a moving wave pattern. Another feature is a new, sophisticated hologram that reflects light in different colors.
The new banknotes also have the traditional security features such as the watermark and the hidden security thread. Within context, some of the banknotes have figurative meanings with the krone note sometimes referred to as a hund dog shortening the word hundrede a hundred. The krone note can be referred to as a plovmand ploughman because previous circulations of the note featured a picture of a man with a plough and the krone note, too, can be referred to as a tudse toad taken from a wordplay on the word tusinde meaning a thousand.
Currency in Denmark first came into existence in with the introduction of the Danish Rigsdaler. The Rigsdaler was a complicated currency, using three subunits: the mark, skilling, and pfenning. The system lacked decimalization and continued to be used until the . The krone (Danish pronunciation: [ˈkʁoːnə]; plural: kroner; sign: kr.; code: DKK) is the official currency of Denmark, Greenland and the Faroe Islands, introduced on 1 January Both the ISO code "DKK" and currency sign "kr." are in common use; the former precedes the . Convert Danish Krones to Swedish Kronas with a conversion calculator, or Danish Krones to Kronas conversion tables. Compare money transfer services, compare exchange rates and commissions for sending money from Denmark to Sweden. Also, view Danish Krone to Krona currency charts.
The official currency for the Kingdom of Denmark is the Danish Krone (DKK). The Krone is currently pegged to the Euro. The Krone is subdivided into ore. The symbol for the Krone is kr. Another the name for the Krone is the Danish Crown. Economy. The country advocates a liberal trade policy. Danish Krone exchange rates and currency conversion. Denmark currency (DKK). Track Danish Krone forex rate changes, track Danish Krone historical changes. Directory of best currency transfer providers, compare to exchange rates when sending money from Denmark. Iceland Krona. Indian Rupee. Indonesian Rupiah. Iranian Rial. This Free Currency Exchange Rates Calculator helps you convert Danish Krone to Thai Baht from any amount.
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