Scandinavian Monetary Union

Scandinavian Monetary Union
  • Den Skandinaviske Møntunion (Danish)
  • Den skandinaviske myntunionen (Nynorsk)
  • Skandinaviska myntunionen (Swedish)
Two golden 20 kr coins, with identical weight and composition. The coin to the left is Swedish and the right one is Danish.
Units of account
Base unitkrone/krona
Pluralkroner/kronor
Symbolkr.‎
Subunit
 1⁄100øre/öre
Plural
 øre/öreøre/öre (singular and plural)
Denominations
Coins1, 2, 5, 10, 25, 40, 50 øre
1, 2, 5, 10, 25 kroner
Demographics
User(s) Denmark
Sweden
Norway
Issuance
Central bankDanmarks Nationalbank, Skandinaviska Banken, Norges Bank, Sveriges Riksbank
Valuation
Pegged withGold standard
This infobox shows the latest status before this currency was rendered obsolete.

The Scandinavian Monetary Union was a monetary union formed by Denmark and Sweden on 5 May 1873, with Norway joining in 1875. It established a common currency unit, the krone/krona, based on the gold standard. It was one of the few tangible results of the Scandinavian political movement of the 19th century. The union ended during World War I.