Danish Krone

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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 ?
Spreading the fun over several days is the way to making the Danish currency last longer.
Over the last months, most polls have shown a majority of voters in favour of joining, but over the last couple of weeks, public opinion has turned towards staying with the Danish currency, the krone.
Denying pursuing a campaign of intimidation, the Ministers recalled that rejection of EMU would demand constant defence of the Krone with the Central Bank having to remain on its guard, ready to defend the Danish currency by raising interest rates.

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