Finnish markka

Finnish markka

Suomen markka (Finnish) Finsk mark (Swedish)
1 mk, 1983
ISO 4217
Code	FIM
Unit
Plural	markkaa (Finnish partitive sg.) mark (Swedish)
Symbol	mk[1]‎
Denominations
Subunit
1⁄100	penni
Plural
penni	penniä (Finnish partitive sg.) penni (Swedish)
Symbol
penni	p
Banknotes
Freq. used	10 mk, 20 mk, 50 mk, 100 mk, 500 mk
Rarely used	1000 mk
Coins
Freq. used	10p, 50p, 1 mk, 5 mk, 10 mk
Rarely used	1p (until 1979), 5p and 20p (until 1990)
Demographics
Date of introduction	1860
Replaced	Ruble
Replaced by	Euro
User(s)	None, previously: Grand Duchy of Finland (1860–1917) Kingdom of Finland (1918) Republic of Finland (1919–2002)
Issuance
Central bank	Bank of Finland
Website	www.suomenpankki.fi/en/
Valuation
Inflation	1.3%
Source	CIA World Factbook 2001
EU Exchange Rate Mechanism (ERM)
Since	14 October 1996
Fixed rate since	31 December 1998
Replaced by euro, non cash	1 January 1999
Replaced by euro, cash	1 March 2002
1 € =	5.94573 mk
This infobox shows the latest status before this currency was rendered obsolete.

The markka (Finnish: markka; Swedish: mark; sign: mk; ISO code: FIM), also known as the Finnish mark, was the currency of Finland from 1860 until 28 February 2002, when it ceased to be legal tender. The markka was divided into 100 pennies (Finnish: penni; Swedish: penni), abbreviated as "p". At the point of conversion, the rate was fixed at €1 = 5.94573 mk.

The markka was replaced by the euro (€), which had been introduced, in cash form, on 1 March 2002. This was after a transitional period of three years, when the euro was the official currency but only existed as "book money" outside of the monetary base. The dual circulation period, when both the markka and the euro had legal tender status, ended on 28 February 2002.