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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.
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [ 1 ] when they meet the five convergence criteria. [ 2 ]
Several different currency systems have been used by Denmark from the 16th to 19th centuries. The krone (lit. "crown") first emerged in 1513 as a unit of account worth 8 marks. The more generally used currency system until 1813, however, was the Danish rigsdaler worth 1 1 ⁄ 2 krone (or schlecht daler), 6 marks, or 96 skilling. [3] [4] [5]
Denmark has considerably large deposits of oil and natural gas in the North Sea and ranks as number 32 in the world among net exporters of crude oil [166] and was producing 259,980 barrels of crude oil a day in 2009. [167] Denmark is a long-time leader in wind power: In 2015 wind turbines provided 42.1% of the total electricity consumption. [168]
From 1625 to 1873, one Danish skilling (pronounced [ˈske̝lˀe̝ŋ]) was equivalent to 1 ⁄ 96 of a rigsdaler. The word is still used colloquially for a small but unspecified amount of money ("lille skilling"). King Christian IX abolished the rigsdaler and skilling in favor of the kroner and ører in 1873.
Denmark: Krone (kr.) 7.46038 2.25% <1% The krone entered the ERM II in 1999, when the euro was created. See Denmark and the euro for more information. 10 July 2020 Bulgaria: Lev (лв.) 1.95583 15% 0% The lev has been on the currency board since 1997 through a fixed exchange rate of the Bulgarian lev against the Deutsche Mark.
This category is for currencies used in the Kingdom of Denmark. Subcategories. This category has the following 2 subcategories, out of 2 total. ...
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.