Danish Krone Currency

Preface

Krone is the official currency of Denmark, but is also in use in Greenland and Faroe Islands. Danish Krone is abbreviated as kr, Dkr or DKR for daily use. The official code of Danish Krone is DKK and the numeric code is 208. The subunits are in the form of ore and the plural term is ‘Kroner’.

Overview

Krone meant ‘crown’ in English. The technological agriculture is high in Denmark and the country balances its payment revealing a good industry setup indulging in energy and food sectors. Denmark has a stable currency comparatively owing to its developed economy and is closely pegged to euro.

The provinces namely Greenland and Faroe Islands also use the Danish currency such that the Greenland employs the banknotes also and the Danish Krone coins are usually used by the Faroe Islands.

The Denmark government preserved the Danish Krone in 1999 by bargaining owing to the population attachment towards krone, but is yet committed to euro being the European Union member.

Coinage

The Denmark currency comprises of 7 denominations in coinage and 5 denominations in banknotes. The subunit ore divides 1 unit into 100 equal parts. The coin denominations include face values such as 25 and 50 ore, 1, 2,5,10 and 20 kroner. This series was from 1989 to 1993. The coins were different from each other owing to the color sequences.

Denominations such as 25 and 50 coins were made of copper colored bronze, while denominations such as 1, 2 and 5 kroner coins were silver colored cupro-nickel alloy.

The 10 and 20 kroner coins are golden colored aluminum bronze. These coinages have different images on the front sides such as King Christian V crown in the copper colored coins, Queen Margrethe II in the silverd and the gold colored coins.

Banknotes

The banknotes are in 5 denominations 50, 100, 200,500 and 1000 kroner. Important people portraits are in the front sides and the backsides have symbolic images.

The 50 kroner has Karen Blixen, the famous writer portrait, the 100 kroner has Carl Nielsen, the 200 kroner has the actress image Johanne Luise Heiberg, the 500 kroner shows Neils Bohr, the Nobel Prize winner and the 1000 kroner has double portrait of Anna and Michael Ancher.