krone

Krone is the name of the official currency units used in Denmark and Norway, and it is also the traditional name for their currencies in these languages. The word krone translates to crown in Danish and Norwegian, and the plural form is kroner in both languages. In both currencies, krone is subdivided into 100 øre.

Danish krone. The Danish krone, code DKK, is the currency of Denmark, Greenland, and the Faroe Islands. It is issued by Danmarks Nationalbank. Denmark uses the krone for daily transactions and price reporting, and the symbol kr is commonly seen in price notation. The øre remains a subdivision of the krone, though some lower coins have limited use in practice.

Norwegian krone. The Norwegian krone, code NOK, is the currency of Norway and is issued by Norges Bank. Like the Danish system, it is subdivided into 100 øre. The krone is used across mainland Norway for all monetary transactions and price quotations, with the symbol kr appearing in financial notation.

Origins and relation to related currencies. The term krone derives from the crown and was adopted during the late 19th century in connection with the Scandinavian Monetary Union, which linked the currencies of Denmark, Norway, and Sweden under a common standard. After the union dissolved in the early 20th century, Denmark and Norway retained the krone while Sweden continued with the krona. In Sweden, the currency name differs slightly (krona/kronor) but shares the same linguistic root.

See also. The Swedish krona, the Danish krone, and the Norwegian krone are distinct currencies that share a common etymology and historical origin. The Danish krone is also used in Greenland and the Faroe Islands under their territorial arrangements.