Skandinavian Krone

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Skandinavian Krone
Skandinavisk Krone
VII-50-forside-200.jpg Norwegian coins as of 2015.png
50 kr banknote obverseCoin denominations in circulation as of 2015, ranging from 1 kr to 20 kr
ISO 4217
Code KK
Number 578
Exponent 2
Denominations
Subunit
 1/100 øre
Plural kroner
 øre øre
Symbol kr
Banknotes 50 kr, 100 kr, 200 kr, 500 kr, 1000 kr
 Freq. used 50 kr, 100 kr, 200 kr, 500 kr
 Rarely used 1000 kr
Coins 1, 5, 10, 20 kr
Demographics
User(s) Skandinavia
Issuance
Central bank Skandinavisk Riksbank
 Website uriksbank.sk
Valuation
Inflation 1.9%
 Source 2017

Skandinavisk Krone, sometimes shortened to SKrone or simply Krone(sign=Kk, code=K) is the currency of Skandinavia since 1873. The plural form is kroner. It is subdivided into 100 øre.

History[edit | edit source]

The introduction of the krone, which replaced the former national currencies, was a result of the Scandinavian Monetary Union, which came into effect in 1873 and lasted until the creation of Skandinavia. The parties to the union were the Scandinavian countries, where the name was krona in Sweden and krone in Denmark and Norway, which in English literally means crown. The three currencies were on the gold standard, with the krona/krone defined as 12480 of a kilogram of pure gold. The currency leaves the gold standard in 1919.

After the formal union of Denmark, Norway and Sweden, the government decided to change the name of the currency to Skandinavisk Krone.

Future[edit | edit source]

The Skandinavisk Riksbank decided on 17 February 2016, to recommend the parliament to allow it to issue a 2-KKrone coin and a 200-KKrone note, the latter a new denomination for the country.

Coins[edit | edit source]

  • 50 øre (2001); King's crown, fable animal
  • 1 bk (2001); Christian III's monogram, a fowl
  • 5 bk (2001); St.Olav's Order, acanthi leaves
  • 10 kr (2001); Christian III, stave church roof
  • 20 bk (2001); Christian III, Viking ship

The 10- and 20-kroner coins carry the effigy of the current monarch.

The coins and banknotes are distributed by the Skandinavisk Riksbank.

Banknotes[edit | edit source]

Banknotes of the Baltic Krone