krone (Meaning)
krone (n)
the basic unit of money in Norway
the basic unit of money in Denmark
krone (n.)
A coin of Denmark, Norway, and Sweden, of the value of about twenty-eight cents. See Crown, n., 9.
Synonyms & Antonyms of krone
No Synonyms and anytonyms found
krone Sentence Examples
- In Denmark, the krone is the official currency, with the ISO code DKK.
- Denmark's krone is subdivided into 100 øre, although øre coins are no longer in circulation.
- The earliest krone was introduced in Denmark in 1875, replacing the rigsdaler at a rate of 2 kroner = 1 rigsdaler.
- The krone was pegged to the gold standard at a rate of 2,480 kroner = 1 kilogram of gold.
- In 1914, Denmark suspended the gold standard, and the krone's value fell sharply.
- In 1924, Denmark returned to the gold standard, pegging the krone to the gold standard at a rate of 2,620 kroner = 1 kilogram of gold.
- In 1931, Denmark abandoned the gold standard again, and the krone's value fell sharply.
- In 1940, Denmark was occupied by Germany during World War II, and the krone was pegged to the German Reichsmark at a rate of 1 krone = 0.5 Reichsmarks.
- After the war, Denmark returned to the gold standard, pegging the krone to the gold standard at a rate of 6,900 kroner = 1 kilogram of gold.
- In 1973, Denmark abandoned the gold standard again, and the krone's value has since been determined by the foreign exchange market.
FAQs About the word krone
the basic unit of money in Norway, the basic unit of money in DenmarkA coin of Denmark, Norway, and Sweden, of the value of about twenty-eight cents. See Crown,
No synonyms found.
No antonyms found.
In Denmark, the krone is the official currency, with the ISO code DKK.
Denmark's krone is subdivided into 100 øre, although øre coins are no longer in circulation.
The earliest krone was introduced in Denmark in 1875, replacing the rigsdaler at a rate of 2 kroner = 1 rigsdaler.
The krone was pegged to the gold standard at a rate of 2,480 kroner = 1 kilogram of gold.
