Wednesday, June 9, 2010

Danishize: Old Money, New Money

The design of the small denomination coins are pretty lackluster but I think the hole in the middle makes up for it. I don't know how many currencies have coins with holes in the middle. Is the Danish krone the only one?

Øre is the equivalent of cent. Now in Denmark only 50 øre coins are in circulation. All transactions are rounded to the nearest whole krone or 50 øre.

New paper notes are starting to be issued. The theme is bridges and archaeological artifacts. The new fifty kroner note was in circulation when I came to Denmark. Sallingsund Bridge and an earthenware vessel. 

[I was going to show you a fifty kroner note that I got as change earlier today, BUT I LOST IT! I hurriedly put it in my pocket after getting it at the cafeteria. By the afternoon, it wasn't in my pocket anymore.]

But the new one hundred kroner notes just appeared about a month ago. They show the bridge and a flint dagger.

The nerdy cool kids go to Danish National Museum in Copenhagen to see these artifacts on display. 

The Danish krone (plural kroner) is the currency of Denmark. (We say Danish krone to distinguish it from the Norwegian krone.) The exchange rate of the Danish krone is pegged to the Euro where 1 Euro = 7.5 kroner. This means that currently, $1 = 6.24 kroner. This is the lowest the kroner has been since I came to Denmark. In January, it was around $1 = 5.5 kroner

To give you an idea how much the things I most frequently eat cost
1 L milk = 5 kroner - cheapest 15 kroner - organic
1 cucumber = 5 - 8 kroner
1 little cup of quite bad drip coffee from the cafeteria = 5.5 kroner
1 loaf of rugbød = 15 kroner
deposit on one plastic bottle or aluminum can = 1 - 3 kroner, depending on the size of the container

New 200, 500, and 1000 kroner notes will be issued in the future, but I won't be around in Denmark to see them...

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