What is the currency of Denmark?
The krone is the official currency of Denmark as well as the provinces of Greenland and the Faroe Islands. The krone subdivides into 100 øre and is currently pegged to the euro. The local currency is denoted as "kr", as in kr100, meaning 100 kroner (plural).
First introduced in 1619, the Danish krone was minted in honor of and by the Danish crown, as "crown" is the literal translation of krone. At this time, Denmark replaced the former Danish rigsdaler with the Danish krone as its official currency and tied the krone to the gold standard.
As modern international trade grew, the demand for a paper currency grew. Denmark created the second Danish krone as part of the dissolution of the country's participation in the Scandinavian Monetary Union with Sweden and Norway. The union dissolved in 1914, and the three participating countries chose to keep their currencies. The krone was pegged to the German Reichsmark mark briefly, then to the British pound, and later to the German Deutschmark.