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Krone (DKK) is the currency in Faroe Islands

Facts about Krone

  • Country:
    Faroe Islands
  • Currency:
  • Currency code (ISO 4217):
  • Short for the currency:
  • Currency subunits:
    100 öre

The Danish krone was introduced as currency in 1875 and is also used on Greenland and the Faroe Islands. In 2000 Denmark held a public vote for switching to Euro but the people voted the proposition down. The Danish krone has a fixed exchange rate to the Euro through the European Union's exchange rate mechanism.

Where is Faroe Islands?

Show a bigger map of Faroe Islands

The Faroe Islands are a group of islands all under the Kingdom of Denmark. The country is an autonomous province since 1948 and are not part of the European Union, although Denmark is. There are around 48 000 inhabitants in the country and 17 000 in the capital Torshamn. Most important for the economy is the fishing industry, which accounts for almost all export from the Faroe Islands.

A currency refers to a means of payment in one or several countries.
A currency can be shortened as a currency code of three letters.
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