Danish Krone


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Related to Danish Krone: Swedish krona

Danish Krone

The currency of Denmark. It was introduced in 1873, replacing the Danish rigsdaler. It was part of the Scandinavian Monetary Union until the beginning of World War I. During this time, the krone was pegged to gold. It was variously pegged to the German Reichsmark and the British pound in the middle 20th century. Denmark later joined the Bretton Woods Agreement, which tied the krone to the U.S. dollar (and, by extension, to gold). It is currently pegged to the ERM II, which ties the krone to the euro but allows it to remain somewhat independent.
References in periodicals archive ?
For more information regarding these market currencies, such as the Danish Krone contact iFOREX.
CLS Bank links to the Real Time Gross Settlement systems operated by Central Banks in eleven currencies (US Dollar, Euro, UK Sterling, Japanese Yen, Swiss Franc, Canadian Dollar, Australian Dollar, Swedish Krona, Danish Krone, Norwegian Krone and the Singapore Dollar).
Following regulatory approval, the Danish Krone, Norwegian Krone, Singapore Dollar and Swedish Krona have been designated as CLS Bank eligible currencies by the CLS Bank Board of Directors.
Danica is the second-largest life company in Denmark, with total gross premiums written of Danish krone (Dkr) 11.
On July 2, 2002, TBi's capital position was strengthened by the injection of Danish krone (Dkr) 250 million ($32.

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