Danish krone

The krone (Danish: [ˈkʰʁoːnə]; plural: kroner; <a href="/facts/Currency_sign/cCPm1sPP">sign</a>: kr.; <a href="/facts/ISO_4217/tk7Y5uh6">code</a>: DKK) is the official <a href="/facts/Currency/g5GPGfTe">currency</a> of <a href="/facts/Denmark/KVtykzsw">Denmark</a>, <a href="/facts/Greenland/aagXRTB7">Greenland</a>, and the <a href="/facts/Faroe_Islands/HMJ3bfmN">Faroe Islands</a>, introduced on 1 January 1875. 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. The currency is sometimes referred to as the Danish <a href="/facts/Crown_(currency)/esGkY6cM">crown</a> in <a href="/facts/English_language/tpkxGt7b">English</a>, since krone literally means <a href="/facts/Crown_(headgear)/fREK9x0p">crown</a>. Krone coins have been minted in Denmark since the 17th century.
One krone is subdivided into 100 øre (Danish pronunciation: [ˈøːɐ]; singular and plural), the name øre is probably derived from the Latin word for gold. Altogether there are eleven denominations of the krone, with the smallest being the <a href="/facts/Fifty_%25C3%25B8re_(Danish_coin)/Rtv18DxM">50 øre</a> coin (one half of a <a href="/facts/Krone_(Danish_coin)/S3BKKulk">krone</a>). Formerly there were more øre coins, but those were <a href="/facts/Withdrawal_of_low-denomination_coins/YYmejlny">discontinued due to inflation</a>.
The krone is pegged to the <a href="/facts/Euro/NWG2nlCx">euro</a> via the <a href="/facts/European_Exchange_Rate_Mechanism/cmYgjNA5">ERM II</a>, the European Union's exchange rate mechanism. Adoption of the euro is favoured by some of the major political parties; however, a <a href="/facts/2000_Danish_euro_referendum/B8bFVwnD">2000 referendum</a> on joining the <a href="/facts/Eurozone/rK14yHsz">Eurozone</a> was defeated with 53.2% voting to maintain the krone and 46.8% voting to join the Eurozone.

Danish krone open-in-new

Danish krone