Crown (currency)

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A crown is a unit of currency used in Norway, Sweden, Denmark (including the Faroe Islands and Greenland), Iceland, and the Czech Republic.

Contents

Alternative names

"Crown", or its equivalent in other languages, is derived from the Latin word corona. The symbol for crown is usually "kr". Some countries use another symbol for it like Íkr, -, Kč.[ citation needed ]

The local name for "crown" depends on the official language of the country.[ citation needed ]

Current use

Historical use

Current use of a currency called crown

CountryCurrencyPeriodNotes
Flag of the Czech Republic.svg  Czech Republic Czech koruna 1993–presentReplaced Czechoslovak koruna .
Flag of Denmark.svg  Denmark Danish krone 1873–presentReplaced Danish rigsdaler
Flag of the Faroe Islands.svg  Faroe Islands Faroese króna 1949–presentForm of Danish krone.
Flag of Iceland.svg  Iceland Icelandic króna 1922–presentReplaced Danish krone.
Flag of Norway.svg  Norway Norwegian krone 1875–presentReplaced Norwegian speciedaler. [1]
Flag of Sweden.svg  Sweden Swedish krona 1873–presentReplaced Swedish riksdaler [1]

Historical use of a currency called crown

CountryCurrencyPeriodNotesRef
Flag of Austria.svg  Austria Austrian krone 1918–1925Replaced by Austrian schilling.
Flag of Belgium (civil).svg  Austrian Netherlands Austrian Netherlands kronenthaler 1755–1794Replaced by the French franc
Flag of Austria-Hungary (1867-1918).svg  Austria-Hungary Austro-Hungarian krone 1892–1918Replaced by Austrian krone and Hungarian korona.
Flag of the Protectorate of Bohemia and Moravia.svg  Protectorate of Bohemia and Moravia Bohemian and Moravian koruna 1939–1945Replaced by Czechoslovak koruna.
Flag of the Czech Republic.svg  Czechoslovakia Czechoslovak koruna 1919–1939; 1945–1993Replaced by Czech koruna and Slovak koruna. [2]
Flag of Estonia.svg  Estonia Estonian kroon 1928–1940; 1992–2011 Soviet rouble used in-between. Replaced by euro.
Flag of the Free State of Fiume.svg  Free State of Fiume Fiume krone 1919–1920Replaced by Italian Lira
Flag of Hungary (1915-1918, 1919-1946).svg  Hungary Hungarian korona 1919–1926Abandoned due to inflation. Replaced by Hungarian pengő.
Flag of Liechtenstein.svg  Liechtenstein Liechtenstein krone 1898–1921Replaced by Liechtenstein franc
Flag of Slovakia.svg  Slovakia Slovak koruna 1939–1945; 1993–2008Replaced by euro.
Flag of Yugoslavia (1918-1943).svg  Kingdom of Yugoslavia Yugoslav krone 1918–1920Replaced by Yugoslav dinar

See also

Related Research Articles

<span class="mw-page-title-main">Swedish krona</span> Currency of Sweden

The krona is the currency of the Kingdom of Sweden. It is one of the currencies of the European Union. Both the ISO code "SEK" and currency sign "kr" are in common use for the krona; the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value. In English, the currency is sometimes referred to as the Swedish crown, as krona means "crown" in Swedish. The Swedish krona was the ninth-most traded currency in the world by value in April 2016.

Krone may refer to:

<span class="mw-page-title-main">Norwegian krone</span> National currency of Norway

The krone, plural kroner, is the currency of the Kingdom of Norway. It was traditionally known as the Norwegian crown in English; however, this has fallen out of common usage. It is nominally subdivided into 100 øre, although the last coins denominated in øre were withdrawn in 2012.

<span class="mw-page-title-main">Icelandic króna</span> Currency of Iceland

The króna or krona is the currency of Iceland. One króna was formerly divided into 100 eyrir.

<span class="mw-page-title-main">Koruna</span> Topics referred to by the same term

Koruna may refer to:

<span class="mw-page-title-main">Swedish riksdaler</span> Pre-1873 currency unit in Sweden

The svenska riksdaler was the name of a Swedish coin first minted in 1604. Between 1777 and 1873, it was the currency of Sweden. The daler, like the dollar, was named after the German Thaler. The similarly named Reichsthaler, rijksdaalder, and rigsdaler were used in Germany and Austria-Hungary, the Netherlands, and Denmark-Norway, respectively. Riksdaler is still used as a colloquial term for krona, Sweden's modern-day currency.

<span class="mw-page-title-main">Danish krone</span> Official currency of Denmark, Greenland and the Faroe Islands

The krone is the official currency of Denmark, Greenland, and the Faroe Islands, introduced on 1 January 1875. Both the ISO code "DKK" and currency sign "kr." are in common use; the former precedes the value, the latter in some contexts follows it. The currency is sometimes referred to as the Danish crown in English, since krone literally means crown. Krone coins have been minted in Denmark since the 17th century.

<span class="mw-page-title-main">Scandinavian Monetary Union</span> Monetary union formed by Sweden and Denmark on May 5, 1873

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.

<span class="mw-page-title-main">European Exchange Rate Mechanism</span> European system to reduce exchange rate variability after the Euro

The European Exchange Rate Mechanism (ERM II) is a system introduced by the European Economic Community on 1 January 1999 alongside the introduction of a single currency, the euro as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe.

A crown is an emblem of a monarchy, a monarch's government, or items endorsed by it.

Öre is the centesimal subdivision of the Swedish krona. In the Swedish language, the plural of öre is either öre (indefinite) or ören (definitive).

Øre is the centesimal subdivision of the Danish and Norwegian krone. The Faroese division is called the oyra, but is equal in value to the Danish coin. Before their discontinuation, the corresponding divisions of the Swedish krona and the Icelandic króna were the öre and the eyrir, respectively. The name øre/öre derives from the Latin word aereus/aurum, meaning gold.

<span class="mw-page-title-main">Austro-Hungarian krone</span> Currency of Austria-Hungary, 1892–1918

The krone was the official currency of Austria-Hungary from 1892 until the dissolution of the empire in 1918. The subunit was one hundredth of the main unit, and was called a Heller in the Austrian and a fillér in the Hungarian part of the Empire.

<span class="mw-page-title-main">Czechoslovak koruna</span> Former currency of Czechoslovakia

The Czechoslovak koruna was the currency of Czechoslovakia from 10 April 1919 to 14 March 1939, and from 1 November 1945 to 7 February 1993. For a brief time in 1939 and again in 1993, it was also the currency of both the separate Czech Republic and Slovakia.

<span class="mw-page-title-main">Danish rigsdaler</span> Former currency of Denmark

The rigsdaler was the name of several currencies used in Denmark until 1875. The similarly named Reichsthaler, riksdaler and rijksdaalder were used in Germany and Austria-Hungary, Sweden and the Netherlands, respectively. These currencies were often anglicized as rix-dollar or rixdollar.

<span class="mw-page-title-main">Norwegian rigsdaler</span> Former Norwegian currency

The rigsdaler specie was a unit of silver currency used in Norway from 1544, renamed as the speciedaler in 1816 and used until 1873. Norway used a common reichsthaler currency system shared with Denmark, Hamburg and Schleswig-Holstein until 1873 when the gold standard was implemented in Scandinavia and the German Empire.

<span class="mw-page-title-main">Denmark–Norway</span> Political union (1537–1814)

Denmark–Norway is a term for the 16th-to-19th-century multi-national and multi-lingual real union consisting of the Kingdom of Denmark, the Kingdom of Norway, the Duchy of Schleswig, and the Duchy of Holstein. The state also claimed sovereignty over three historical peoples: Frisians, Gutes and Wends. Denmark–Norway had several colonies, namely the Danish Gold Coast, Danish India, and the Danish West Indies. The union was also known as the Dano-Norwegian Realm, Twin Realms (Tvillingerigerne) or the Oldenburg Monarchy (Oldenburg-monarkiet).

References

  1. 1 2 Wigglesworth, Robin (27 August 2024). "The krone conundrum: Welcome to the crown show". FT.com. Retrieved 2 November 2024.
  2. Kirchner, Jonathan (2020). Currency and Coercion: The Political Economy of International Monetary Power. Princeton University Press. pp. 246–247. ISBN   9780691222226.