Crown (currency)
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Crown (currency)
A crown is a unit of currency used in the Czech koruna, Czech Republic, Icelandic króna, Iceland, Norwegian Krone, Norway, Swedish krona, Sweden and Danish krone, Denmark (including the Faroese króna, Faroe Islands and Greenland). Alternative names "Crown", or its equivalent in other languages, is derived from the Latin word ''corona''. The symbol for crown is usually "kr". Some countries use another symbol for it like Íkr, -, Kč. The local name for "crown" depends on the official language of the country. Current use *Czech koruna, Czech: koruna *Norwegian krone, Norwegian and Danish krone, Danish: krone *Icelandic króna, Icelandic and Faroese króna, Faroese: króna *Swedish krona, Swedish: krona *Greenlandic koruuni, Greenlandic: koruuni *Northern Sami: ruvdna Historical use *Estonian kroon, Estonian: kroon *German language, German: Krone (German orthography#Features of German spelling, capital letter k) *Hungarian korona, Hungarian: korona *Slovak koruna, Slovak: ...
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Countries Using The Crown
A country is a distinct part of the world, such as a state, nation, or other political entity. It may be a sovereign state or make up one part of a larger state. For example, the country of Japan is an independent, sovereign state, while the country of Wales is a component of a multi-part sovereign state, the United Kingdom. A country may be a historically sovereign area (such as Korea), a currently sovereign territory with a unified government (such as Senegal), or a non-sovereign geographic region associated with certain distinct political, ethnic, or cultural characteristics (such as the Basque Country). The definition and usage of the word "country" is flexible and has changed over time. ''The Economist'' wrote in 2010 that "any attempt to find a clear definition of a country soon runs into a thicket of exceptions and anomalies." Most sovereign states, but not all countries, are members of the United Nations. The largest country by area is Russia, while the smallest is ...
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Hungarian Korona
The Hungarian korona (Hungarian: ''magyar korona''; ''korona'' in English is "crown") was the replacement currency of the Austro-Hungarian Krone/korona amongst the boundaries of the newly created post-World War I Hungary. It suffered a serious inflation and was replaced by the pengő on 1 January 1927. Introduction According to the Treaty of Trianon and other treaties regulating the situation of countries emerging from the ruins of the dissolved Austro-Hungarian Empire, the former banknotes had to be overstamped by the new states and - after a given transition-period - replaced by a new currency. In the case of Hungary, this currency was the korona, which replaced its Austro-Hungarian counterpart at par. Hungary was the last country to fulfil the replacement obligation of the treaties and the stamps used for overstamping were very easy to copy, so a large portion of the common currency circulated in Hungary was fake. This was a factor contributing to the process which finally le ...
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Crown (British Coin)
The British crown was a denomination of sterling coinage worth of one pound, or 5 shillings, or 60 (old) pence. The crown was first issued during the reign of Edward VI, as part of the coinage of the Kingdom of England. Always a heavy silver coin weighing around one ounce, during the 19th and 20th centuries the crown declined from being a real means of exchange to being a coin rarely spent, and minted for commemorative purposes only. Unlike in some territories of the British Empire (such as Jamaica), in the UK the crown was never replaced as circulating currency by a five-shilling banknote. "Decimal" crowns were minted a few times after decimalisation of the British currency in 1971, initially with a nominal value of 25 (new) pence. However, commemorative crowns issued since 1990 have a face value of five pounds. History The coin's origins lie in the English silver crown, one of many silver coins that appeared in various countries from the 16th century onwards (most fa ...
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Hungarian Pengő
The pengő (; sometimes written as ''pengo'' or ''pengoe'' in English) was the currency of Kingdom of Hungary (1920–46), Hungary between 1 January 1927, when it replaced the Hungarian korona, korona, and 31 July 1946, when it was replaced by the Hungarian forint, forint. The pengő was subdivided into 100 fillér. Although the introduction of the pengő was part of a post-World War I stabilisation program, the currency survived for only 20 years and experienced the most serious case of hyperinflation ever recorded. Name The Hungarian participle ''pengő'' means 'ringing' (which in turn derives from the verb ''peng'', an Onomatopoeia, onomatopoeic word equivalent to English 'ring') and was used from the 15th to the 17th century to refer to silver coins making a ringing sound when struck on a hard surface, thus indicating their precious metal content. (The onomatopoeic word used for gold coins is ''csengő'', an equivalent of English 'clinking' meaning a sharper sound; the particip ...
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Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ...
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Soviet Rouble
The ruble or rouble (russian: рубль) was the currency of the Soviet Union, introduced in 1922, replacing the Imperial Russian ruble. One ruble was divided into 100 kopecks ( – ''kopeyka'', ''kopeyki''). Soviet banknotes and coins were produced by the Federal State Unitary Enterprise (or Goznak) in Moscow and Leningrad. In addition to regular cash rubles, other types of rubles were also issued, such as several forms of ''convertible ruble'', transferable ruble, clearing ruble, Vneshtorgbank cheque, etc.; also, several forms of virtual rubles (called "cashless ruble", ) were used for inter-enterprise accounting and international settlement in the Comecon zone. In 1991, after the dissolution of the Soviet Union, the Soviet ruble continued to be used in the post-Soviet states, forming a "ruble zone", until it was replaced with the Russian ruble in September 1993. Etymology The word ''ruble'' is derived from the Slavic verb , ''rubit''', i.e., 'to chop'. Historically, a " ...
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Bohemian And Moravian Koruna
The Bohemian and Moravian koruna, known as the ''Protectorate crown'' ( cs, Protektorátní koruna; german: Krone des Protektorats), was the currency of the Protectorate of Bohemia and Moravia between 1939 and 1945. It was subdivided into 100 ''haléřů''. History The Bohemian and Moravian koruna replaced the Czechoslovak koruna at par and was replaced by the reconstituted Czechoslovak koruna, again at par. It was pegged to the Reichsmark at a rate of 1 Reichsmark = 10 koruna and was initially equal in value to the Slovak koruna, although this currency was devalued in 1940. Coins In 1940, zinc 10, 20 and 50 haléřů coins were introduced, followed by 1 koruna in 1941. The coins were minted until 1944. The reverse designs were very similar to the earlier Czechoslovak coins. The coins were emergency issue types, similar to the coins of other German-occupied territories. Banknotes Czechoslovak banknotes for 1 koruna and 5 korun were stamped (and later printed) with "Protektora ...
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Austro-Hungarian Krone
The crown (german: Krone, hu, korona, it, Corona, pl, korona, sl, krona, sh, kruna, cz, koruna, sk, koruna, ro, coroană) was the official currency of Austria-Hungary from 1892 (when it replaced the florin as part of the adoption of the gold standard) until the dissolution of the empire in 1918. The subunit was one hundredth of the main unit, and was called a in German and a in Hungarian. Name The official name of the currency was (, pl. ) in Austria and in Hungary. The Latin form (plural ), abbreviated to on the smaller coins, was used for the coinage of the mostly German-speaking part of the empire known as Cisleithania. Currency names in other ethnic languages were also recognised and appeared on the banknotes: (pl. ) in Czech, (pl. ) in Polish, , (pl. , ) in Ukrainian, (pl. ) in Italian, (pl. ) in Slovene, (pl. ) in Croatian, , (singular and plural) in Serbian, (pl. ) in Slovak, and (pl. ) in Romanian. These terms all translate to the Englis ...
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Austrian Schilling
The schilling (German language, German: ''Schilling'') was the currency of Austria from 1925 to 1938 and from 1945 to 1999, and the circulating currency until 2002. The euro was introduced at a fixed parity of €1 = 13.7603 schilling to replace it. The schilling was divided into 100 groschen. History Following the Carolingian coin reform in AD 794, new units of account were introduced including the ''schilling (coin), schilling'' which consisted of 12 silver ''pfennigs''. It was initially only a coin of account but later became an actual coin produced in many European countries. Before the modern Austrian schilling The currencies predating the schilling include: * The Florin, florin, in existence as a currency of the Holy Roman Empire since the 16th century, divided into 8 ''Schillings'' = 60 ''Kreuzer'' = 240 ''Pfennigs'' * The Austro-Hungarian florin after 1857, divided into 100 ''Neukreuzer'' * The Austro-Hungarian crown, introduced in 1892 upon adoption of the gold stand ...
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Swedish Riksdaler
The svenska riksdaler () was the name of a Swedish coin first minted in 1604. Between 1777 and 1873, it was the currency of Sweden. The daler, like the dollar,''National Geographic''. June 2002. p. 1. ''Ask Us''. was named after the German Thaler. The similarly named Reichsthaler, rijksdaalder, and rigsdaler were used in Germany and Austria-Hungary, the Netherlands, and Denmark-Norway, respectively. ''Riksdaler'' is still used as a colloquial term for Sweden's modern-day currency. History Penning accounting system The ''daler'' was introduced in 1534. It was initially intended for international use and was divided into 4 marks and then a mark is further subdivided into 8 öre and then an öre is further subdivided into 24 pennings. In 1604, the name was changed to ''riksdaler'' ("daler of the realm", c.f. Reichsthaler). In 1609, the riksdaler rose to a value of 6 mark when the other Swedish coins were debased but the riksdaler remained constant. From 1624, daler were issued ...
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Norwegian Speciedaler
The rigsdaler specie was a unit of silver currency used in Norway, renamed as the speciedaler in 1816 and used until 1873. Norway used a common reichsthaler currency system shared with Denmark, Hamburg and Schleswig-Holstein until 1873 when the gold standard was implemented in Scandinavia and the German Empire. Rigsdaler specie The reichsthaler currency system used in Northern Europe until 1873 consisted of the silver Reichsthaler specie (''Rigsdaler specie'') worth 120 ''skillings'' in Norway and Denmark, and the lower-valued ''Rigsdaler courant'' worth th of specie or 96 ''skillings'' (both units worth 60 and 48 ''schellingen'', respectively, in Hamburg and Schleswig-Holstein). The Hamburg Bank equated 9 reichsthalers specie to a Cologne Mark of fine silver, hence 25.28 g silver in a ''rigsdaler specie''. Coins In the late 18th and early 19th centuries, coins were issued in denominations of 1, 2, 4, 8 and 24 skilling, , , , , and 1 rigsdaler specie. Banknotes In 1695, gove ...
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