Scandinavian Monetary Union

Scandinavian Monetary Union
  • Den Skandinaviske Møntunion (Danish)
  • Den skandinaviske myntunionen (Norwegian)
  • Skandinaviska Myntunionen (Swedish)
Two golden 20 kr coins, with identical weight and composition. The coin to the left is Swedish and the right one is Danish.
Unit
Unitkrone/krona
Pluralkroner/kronor
Symbolkr.
Denominations
Subunit
1100øre/öre
Plural
øre/öreøre/öre (singular and plural)
Coins1, 2, 5, 10, 25, 40, 50 øre
1, 2, 5, 10, 25 kroner
Demographics
User(s) Denmark
 Sweden
 Norway
Issuance
Central bankDanmarks Nationalbank, Skandinaviska Banken, Norges Bank, Sveriges Riksbank
Valuation
Pegged withGold standard
This infobox shows the latest status before this currency was rendered obsolete.

The Scandinavian Monetary Union was a monetary union formed by Denmark and Sweden on 5 May 1873, with Norway joining in 1875. It established a common currency unit, the krone/krona, based on the gold standard. It was one of the few tangible results of the Scandinavian political movement of the 19th century. The union ended during World War I.[1]

  1. ^ Rongved, Gjermund Forfang (2017-09-02). "The Gold War: the dissolution of the Scandinavian Currency Union during the First World War". Scandinavian Economic History Review. 65 (3): 243–262. doi:10.1080/03585522.2017.1364292. ISSN 0358-5522. S2CID 158598433.