Danish krone DKK

The Danish krone is the official currency of Denmark, Greenland, and the Faroe Islands. One Danish krone is divided into 100 øre. The currency code is DKK, but locally it is abbreviated as kr. Other notations like DKR or Dkr are sometimes used but are not official.

History of the Danish Krone

The current Danish krone was introduced in 1973 as the official currency of the Scandinavian Monetary Union, which established a gold standard for the krone. One kilogram of gold was equal to 2480 kroner.

After the dissolution of the Scandinavian Monetary Union before World War I, Denmark, along with Sweden and Norway, retained the krone as their national currency.

Interesting Facts About the Danish Krone

The Danish krone is also used by two other regions. The Faroe Islands use the Danish krone, but their banknotes and coins have different designs and sizes. However, it is not an independent currency.

Greenland is the second user of the Danish krone and issued its own distinctive banknotes and coins in 2008. Nonetheless, official Danish krone banknotes and coins are also accepted in Greenland.