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| Skandinavian Krone | |||||
|---|---|---|---|---|---|
| Skandinavisk Krone | |||||
| |||||
| 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 | ||||
| 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
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 1⁄2480 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
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
- 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.
