Unit | |
---|---|
Unit | krone/krona |
Plural | kroner/kronor |
Symbol | kr. |
Denominations | |
Subunit | |
1⁄100 | øre/öre |
Plural | |
øre/öre | øre/öre (singular and plural) |
Coins | 1, 2, 5, 10, 25, 40, 50 øre 1, 2, 5, 10, 25 kroner |
Demographics | |
User(s) | Denmark Sweden Norway |
Issuance | |
Central bank | Danmarks Nationalbank, Skandinaviska Banken, Norges Bank, Sveriges Riksbank |
Valuation | |
Pegged with | Gold standard |
This infobox shows the latest status before this currency was rendered obsolete. |
Part of a series on |
Scandinavia |
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The Scandinavian Monetary Union was a monetary union formed by Denmark and Sweden on 5 May 1873, with Norway joining in 1875. It established a common currency unit, the krone/krona, based on the gold standard. It was one of the few tangible results of the Scandinavian political movement of the 19th century. The union ended during World War I.[1]