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Viking Coinage and Currency in the British Isles, [British Numismatic Society Special Publication 7], London, 2011. Dolley, Michael (1965). Viking Coins of the Danelaw and of Ireland, London: British Museum, 1965. Gooch, M.L. (2012). Money and Power in the Viking Kingdom of York, c. 895-954, University of Durham unpublished PhD thesis, 2012.
The Scandinavian Monetary Union was a monetary union formed by Denmark and Sweden on 5 May 1873, with Norway joining in 1875. It established a common currency unit, the krone/krona, based on the gold standard. It was one of the few tangible results of the Scandinavian political movement of the 19th century.
The krona (Swedish: ⓘ; plural: kronor; sign: kr; code: SEK) is the currency of the Kingdom of Sweden.It is one of the currencies of the European Union.Both the ISO code "SEK" and currency sign "kr" are in common use for the krona; the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value.
In 1875, coins were introduced (some dated 1874) in denominations of 10 and 50 øre and 1 and 10 kroner. These coins also bore the denomination in the previous currency, as 3, 15, and 30 skillings and 2 + 1 ⁄ 2 specidaler. Between 1875 and 1878, the new coinage was introduced in full, in denominations of 1, 2, 5, 10, 25, and 50 øre and 1, 2 ...
The new currency was issued in banknotes and silver and copper coins. At first, only the Riksens Ständers Wexel-Banco (the Bank of the Riksdag of the Estates ) could issue banknotes but, in 1789, the Riksgälds Kontor ( Swedish National Debt Office ) was established and given the right to issue its own banknotes.
The currency is sometimes referred to as the Danish crown in English, since krone literally means crown. Krone coins have been minted in Denmark since the 17th century. One krone is subdivided into 100 øre (Danish pronunciation:; singular and plural), the name øre is probably derived from the Latin word for gold. [4]
The krone, which is divided into 100 øre, has been the unit of currency in Denmark since 1875. Coins denominated in values of 1, 2, 5, 10, and 25 øre were previously minted in Denmark, but they have been withdrawn. Now, the coin with the lowest denomination in circulation is the 50 øre coin.
In 1942 the portrait of the King and his title returned to the obverse, and the reverse featured wheat. This was the first time that a crown (which the coin's name comes from) had been omitted. [7] The portrait of Christian X was replaced by that of the new King Frederik IX of Denmark in 1947. The crown returned, above the Danish coat of arms. [8]