| Greenlandic Koruuni |
Article Index for Greenlandic |
Information AboutGreenlandic Koruuni |
| CATEGORIES ABOUT GREENLANDIC KORUUNI | |
| modern obsolete currencies | |
| currencies of the americas | |
| economy of greenland | |
| krone | |
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HISTORY As in Denmark , the krone replaced the Rigsdaler in 1874 at a rate of 2 kroner = 1 rigsdaler. All issues of the krone in Greenland have been equivalent in value to the Danish krone. COINS In 1926, cupro-nickel 25 øre and aluminium-bronze 50 øre and 1 krone were issued. The coins were the same size and composition as the corresponding Danish coins. However, the 25 øre was not holed, although some were withdrawn from circulation, holed and then reissued. In 1944, brass 5 kroner coins were issued. A second issue of aluminium-bronze 1 krone was made in 1957, followed by cupro-nickel versions in 1960 and 1964. BANKNOTES In 1874, the ''Handelsstederne in Grønland'' issued 50 øre and 1 krone notes, followed by 25 øre notes the next year. In 1887, 5 kroner notes were introduced. The Handelsstederne continued to issue notes until 1905. In 1911, the ''Kongelige Grønlandske Handel'' began issuing paper money, with notes in denominations of 25 and 50 øre, 1 and 5 kroner. In 1913, state notes (marked ''Styrelse af Kolonierne i Grønland'') were introduced in denominations of 25 and 50 øre, 1 and 5 kroner. From 1926, state notes were marked ''Grønlands Styrelse’’, the denominations below 5 kroner ceased production and 10 and 50 kroner notes were introduced. In 1953, the Kongelige Grønlandske Handel resumed note production with 5, 10 and 50 kroner notes, whilst credit notes (''Kredditsddel'') for 100 kroner were also issued. These notes were produced until 1967. SEE ALSO REFERENCES EXTERNAL LINKS
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