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The rigsdaler was the currency of
The rigsdaler was the currency of Greenland
Greenland ( kl, Kalaallit Nunaat, ; da, Grønland, ) is an island country in North America that is part of the Kingdom of Denmark. It is located between the Arctic and Atlantic oceans, east of the Canadian Arctic Archipelago. Greenland i ...
until 1874. It was equal to the Danish rigsdaler
The rigsdaler was the name of several currencies used in Denmark until 1875. The similarly named Reichsthaler, riksdaler and rijksdaalder were used in Germany and Austria-Hungary, Sweden and the Netherlands, respectively. These currencies were ofte ...
which circulated in Greenland alongside distinct banknotes from 1803.
History
Before 1813, the ''rigsdaler courant'' was subdivided into 96 ''skilling''. In 1813, the rigsdaler courant was replaced by the ''rigsbanksdaler'' at a rate of 6 rigsdaler courant = 1 rigsbanksdaler, with the rigsbanksdaler subdivided into 96 ''rigsbank skilling''. In 1854, the names were changed to the ''rigsdaler'' and ''skilling rigsmønt''. In 1874, the kroner was introduced, at a rate of 2 kroner = 1 rigsdaler. SeeDanish rigsdaler
The rigsdaler was the name of several currencies used in Denmark until 1875. The similarly named Reichsthaler, riksdaler and rijksdaalder were used in Germany and Austria-Hungary, Sweden and the Netherlands, respectively. These currencies were ofte ...
for a more detailed history.
Banknotes
In 1803, the ''Kongelige grønlandske Handel'' introduced notes in denominations of 12 and 24 skilling, and 1 rigsdaler courant. The next year, the ''Handelsstederne i Grønland'' took over the issuance of paper money and introduced notes for 6 and 12 skilling, , , 1 and 5 rigsdaler courant. In 1819, following the currency reform, notes were introduced in denominations of 6, 12 and 24 skilling and 1 rigsbankdaler. These were replaced in 1856 by notes for the same amounts but in the new denominations of skilling rigsmønt and rigsdaler.See also
*Economy of Greenland
The economy of Greenland is characterized as small, mixed and vulnerable. Greenland's economy consists of a large public sector and comprehensive foreign trade. This has resulted in an economy with periods of strong growth, considerable inflatio ...
References
* * * {{Portal bar, Money, Numismatics Modern obsolete currencies Currencies of North America Rigsdaler 1874 disestablishments Currencies of the Kingdom of Denmark