DKK

DKK is the ISO 4217 currency code for the Danish krone, the official currency of Denmark. The krone is issued by Danmarks Nationalbank, the Danish central bank, and is subdivided into 100 øre. In everyday use the currency is referred to as the krone and carries the symbol kr, while DKK is used in international finance and accounting.

The Danish krones history traces back to the late 19th century when it was introduced during the Scandinavian Monetary Union, replacing earlier coinage systems. After the dissolution of the union, the krone remained Denmark’s currency. In economic practice, Denmark maintains monetary policy autonomy and participates in the European Union’s exchange-rate mechanism II (ERM II), generally aiming to keep the krone within a narrow band relative to the euro. The central bank may intervene to maintain the rate, and Denmark has not adopted the euro as its currency.

In practice, the Danish krone circulates in Denmark and in Danish territories such as Greenland and the Faroe Islands, which use Danish kroner as legal tender. Banknotes are commonly issued in denominations of 50, 100, 200, 500, and 1000 kroner, while coins circulate in smaller denominations. The DKK is considered a stable, freely traded currency in international markets and is often quoted in currency pairs involving the euro and other major currencies.