Markka


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Markka

The former currency of Finland. It was introduced in 1860, replacing the Russian ruble. Like most currencies, it was pegged to the U.S. dollar during the Bretton Woods period, and later to various currency baskets. It was replaced by the euro in 1999 and ceased circulating in 2002.
References in periodicals archive ?
But cash machines will not be spewing out euros until the supply of markkas has been exhausted.
The devaluations of Finnish markka followed closely the cycle of the forest industry for decades, until the devaluation policy became an unviable solution in consequence of the EU membership of Finland in the year 1995.
Dates for Retirement of National Currencies Country Currency End of Legal Tender for National Currencies Austria Shilling February 28, 2002 Belguim Franc February 28, 2002 Finland Markka February 28, 2002 France Franc February 17, 2002 Germany Mark December 31, 2002 Greece Drachma February 28, 2002 Ireland Punt February 9, 2002 Italy Lira February 28, 2002 Luxembourg Franc February 28, 2002 Netherlands Guilder January 28, 2002 Portugal Escudo February 28, 2002 Spain Peseta February 28, 2002
A Lead B Graphite C Charcoal D Lignite QUESTION 12 - for 12 points: Which country, until 2002, had the markka as its currency unit?
In which country was the markka the official unit of currency?
The bride's sister, Markka Prichard of Booneville, served as maid of honor.
Finland made a failed attempt to dampen the boom in 1989 by revaluing the markka.
THE markka has symbolised Finland's identity since the times the country was ruled by the Russian tsars
The 12 national currencies being replaced by the euro from January 1 are the French franc, German mark, Spanish peseta, Dutch guilder, Italian lira, Greek drachma, Irish punt, Austrian schilling, Portuguese escudo, Belgian franc, Luxembourg franc, and Finnish markka.
Good government close to the people has taken Finland into a steady budget surplus of 13billion Markka (around pounds 1.
As already mentioned, neither Italy's nor Finland's membership of th e ERM prior to the May 1998 examination satisfied the 'two years' requirement (the Finnish markka joined the ERM for the first time in October 1996 and the Italian lira re-entered in the following month), but emphasis was placed on the stability of the lira and markka exchange rates rather than on the need for continuous formal membership for the two-year period.
triple-'B'/Positive/--), for Finnish markka (FIM) 3.