Faroese króna

The króna (plural: krónur; sign: kr) is the currency of the Faroe Islands. It is issued by Danmarks Nationalbank, the central bank of Denmark. It is not a separate currency, but is rather a local issue of banknotes denominated in the Danish krone, although Danish-issued coins are still used. Consequently, it does not have an ISO 4217 currency code and instead shares that of the Danish krone, DKK. This means that in the Faroe Islands, credit cards are charged in Danish kroner. The króna is subdivided into 100 oyru(r).

Faroese króna
ISO 4217
CodeNone
(FOK unofficially)
Unit
Pluralkrónur
Symbolkr
Denominations
Subunit
1100oyra
Plural
oyraoyru(r)
Banknotes50, 100, 200, 500, 1000 krónur
Coins50 oyru(r), 1, 2, 5, 10, 20 krónur
Demographics
User(s) Faroe Islands (Denmark), alongside krone
Issuance
Central bankDanmarks Nationalbank
Websitewww.nationalbanken.dk
Valuation
Inflation-1.1%
SourceThe World Factbook, 2009
Pegged withDanish krone at par
    This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.