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The oldest Danish coin is believed to be the penny or penning which dates back to 825-840 AD. Danish Kings for almost 1,000 years have issued coins with their portrait or monogram and name. Interestingly Danish coins were based on the silver standard but when the state or a monarch wanted to generate additional income the metal value of the minted coins was reduced and no longer matched the face value of the coins. This caused the citizens of Denmark to lose faith in the value of these coins so many attempts were made to restore the nation's trust in the minted coins and at a later stage banknotes were introduced.
The Krone replaced the Danish rigsdaler in 1875 as a result of the Scandinavian Monetary Union at rate of 2 kroner equal to 1 rigsdaler. Norway, Denmark and Sweden continued with their respective separate currencies after the Scandinavian Monetary Union was abandoned in 1914.
During the Second World War and the German occupation from 1940 until 1945 the Danish krone was pegged to the German reichsmark. Following the German occupation the Danish krone was pegged to the British pound at a rate of 24 kroner equal to £1 British pound.
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The Danish Krone is the currency of Denmark, Greenland and the Faroe Islands.
The Danish Krone is the official currency of Denmark. The ISO 4217 currency code for the Danish Krone is DKK.