Krona Chronicles: Unveiling Faroe's Unique Currency Quirks

Currency of the world 2023 - Faroe Islands (Coins & Banknotes)

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This video is about currencies of Faroe Islands.
Flag | Coins | Banknotes

The Faroe or Faeroe Islands, or simply the Faroes, is a North Atlantic island group and an autonomous territory of the Kingdom of Denmark. They are located 320 kilometres north-northwest of the United Kingdom, and about halfway between Norway (580 kilometres (360 mi) away) and Iceland (430 kilometres (270 mi) away). The islands form part of the Kingdom of Denmark, along with mainland Denmark and Greenland. The islands have a total area of about 1,400 square kilometres (540 sq mi) with a population of 54,000 as of June 2022. The capital and largest city is Tórshavn.

Currency : Faroese króna - Danish krone (DKK)

The krone (plural: kroner; sign: kr.; code: DKK) is the official currency of Denmark, Greenland, and the Faroe Islands, introduced on 1 January 1875. Both the ISO code "DKK" and currency sign "kr." are in common use; the former precedes the value, the latter in some contexts follows it. The currency is sometimes referred to as the Danish crown in English, since krone literally means crown. Historically, krone coins have been minted in Denmark since the 17th century.

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).

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