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(Redirected from Greenland krone)
The 'krone' is the currency of Greenland. Currently, the Danish kroner circulates. However, distinct coins were issued between 1926 and 1964 for use on Greenland, whilst distinct banknotes were issued until 1968 and are planned to be issued once more from 2008.
As in Denmark, the krone replaced the rigsdaler in 1874 at a rate of 2 kroner = 1 rigsdaler. All issues of the krone in Greenland have been equivalent in value to the Danish krone.
In 1926, cupro-nickel 25 øre and aluminium-bronze 50 øre and 1 krone were issued. The coins were the same size and composition as the corresponding Danish coins. However, the 25 øre was not holed, although some were withdrawn from circulation, holed and then reissued. In 1944, brass 5 kroner coins were issued. A second issue of aluminium-bronze 1 krone was made in 1957, followed by cupro-nickel versions in 1960 and 1964.
In 1874, the ''Handelsstederne in Grønland'' issued 50 øre and 1 krone notes, followed by 25 øre notes the next year. In 1887, 5 kroner notes were introduced. The Handelsstederne continued to issue notes until 1905. In 1911, the ''Kongelige Grønlandske Handel'' began issuing paper money, with notes in denominations of 25 and 50 øre, 1 and 5 kroner.
In 1913, state notes (marked ''Styrelse af Kolonierne i Grønland'') were introduced in denominations of 25 and 50 øre, 1 and 5 kroner. From 1926, state notes were marked ''Grønlands Styrelse’’, the denominations below 5 kroner ceased production and 10 and 50 kroner notes were introduced.
In 1953, the Kongelige Grønlandske Handel resumed note production with 5, 10 and 50 kroner notes, whilst credit notes (''Kredditsddel'') for 100 kroner were also issued. These notes were produced until 1967.
★ Economy of Greenland
★
★
The 'krone' is the currency of Greenland. Currently, the Danish kroner circulates. However, distinct coins were issued between 1926 and 1964 for use on Greenland, whilst distinct banknotes were issued until 1968 and are planned to be issued once more from 2008.
| Contents |
| History |
| Coins |
| Banknotes |
| See also |
| References |
| External links |
History
As in Denmark, the krone replaced the rigsdaler in 1874 at a rate of 2 kroner = 1 rigsdaler. All issues of the krone in Greenland have been equivalent in value to the Danish krone.
Coins
In 1926, cupro-nickel 25 øre and aluminium-bronze 50 øre and 1 krone were issued. The coins were the same size and composition as the corresponding Danish coins. However, the 25 øre was not holed, although some were withdrawn from circulation, holed and then reissued. In 1944, brass 5 kroner coins were issued. A second issue of aluminium-bronze 1 krone was made in 1957, followed by cupro-nickel versions in 1960 and 1964.
Banknotes
In 1874, the ''Handelsstederne in Grønland'' issued 50 øre and 1 krone notes, followed by 25 øre notes the next year. In 1887, 5 kroner notes were introduced. The Handelsstederne continued to issue notes until 1905. In 1911, the ''Kongelige Grønlandske Handel'' began issuing paper money, with notes in denominations of 25 and 50 øre, 1 and 5 kroner.
In 1913, state notes (marked ''Styrelse af Kolonierne i Grønland'') were introduced in denominations of 25 and 50 øre, 1 and 5 kroner. From 1926, state notes were marked ''Grønlands Styrelse’’, the denominations below 5 kroner ceased production and 10 and 50 kroner notes were introduced.
In 1953, the Kongelige Grønlandske Handel resumed note production with 5, 10 and 50 kroner notes, whilst credit notes (''Kredditsddel'') for 100 kroner were also issued. These notes were produced until 1967.
See also
★ Economy of Greenland
References
★
★
External links
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