The Danish krone (DKK)
The krone is the official currency of Denmark, Greenland, and the Faroe Islands, 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 crown in English, since krone literally means crown.
Historically, krone coins have been minted in Denmark since the 17th century.
One krone is subdivided into 100 øre the name øre is probably derived from the Roman word for gold.
Formerly there were more øre coins, but those were discontinued due to inflation.
The krone is pegged to the euro via the ERM II, the European Union's exchange rate mechanism.
Adoption of the euro is favoured by some of the major political parties; however, a 2000 referendum on joining the Eurozone was defeated with 53.2% voting to maintain the krone and 46.8% voting to join the Eurozone.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
Please read our terms of service before entering this site.