Faroese króna
1 kr = 1 DKK ( fix)
1 EUR = 7.4653 kr 1 kr = 0.13395 EUR
1 CHF = 6.1016 kr 1 kr = 0.16389 CHF
The Faroese crown ( Faroese: Krona ) is the currency of the Faroe Islands. A crown is divided into 100 oyrur. It is not an independent currency but a local version of the Danish crown, in the Faroese banknotes are in circulation, but Danish coins are used. It is therefore linked 1:1 to the Danish crown. The Faroese banknotes are printed with designs from the animal and plant world of the Faroe Islands.
History
When the Faroe Islands were cut off during World War II of Denmark and were occupied by Great Britain, there was a separate currency in the Faroe Islands. At first it was from June 1940 Danish crowns that were stamped, and from November, own certificates, printed in London, but were nominally issued by the Danish National Bank.
On April 12, 1949, a law was passed that the Faroe Islands get their own money, and therefore a separate account at the Danish National Bank, where the Faroese banknotes are printed since then. The principle is relatively simple: The Faroese state government gets from the Danish National Bank delivered exactly the equivalent of the money she has paid into this account. This money in turn comes from the tax revenues of the financially autonomous archipelago and the eventual winning his state-owned enterprises, such as Atlantic Airways or Postverk Føroya. All outstanding Faroese crowns thus represent the balance of the Faroes in Copenhagen.
The Faroese crown has existed since 1951 as a means of payment as a separate 5 - kroner bill came out. 1954 was followed by the 10-krone note. As coins serve the common Danish coins.
As with the Danish Krone today there are bills to be 50 (since 1967), 100 ( 1964), 200 ( 2004), 500 ( 1980) and 1000 ( 1980) crowns. In the format they correspond exactly to the Danish bills.
A new series of banknotes with the values 50, 100, 200, 500 and 1000 crowns has been published since 2001. The watercolors on the respective rear sides come from the Faroese painter Zacharias Heinesen.
The Faroese and Danish banknotes are mutually free redeemable in their respective countries and output are accepted everywhere. However, it would be difficult outside Denmark to get at a bank Faroese banknotes.
On 29 March 2005, made clear in a statement by the Danish Government that in the event of the accession of Denmark to the euro zone, the Faroe Islands may retain (analogous to Greenland) the crown, if they decide it is so. However, it might come vice versa according to the will of the party Sjálvstýrisflokkurin: While the Danes spoke out against joining the euro - zone, the Faroe Islands applied for in August 2009 accession.
On 15 February 2007 a Faroese was sentenced to three months in prison because he previously three bills of 200 crowns einscannte a year, worked on the computer, printed it again and make purchases at a kiosk went.
- See also: hoard of Sandur, money of the Faroe Islands in the Middle Ages, the Faroe Islands in World War II