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DENMARK The Danish currency system established in 1625 consisted of 16 Skilling = 1 Mark and 6 mark = 1 rigsdaler. From 1713, two separate systems, ''courant'' and ''specie'' coexisted, courant being a debased currency also used for banknote issue. In 1813, following a financial crisis, a new currency system was introduced, based on the ''Rigsbankdaler''. This was divided into 96 ''rigsbank skilling'' and was equal to half a rigsdaler specie or 6 rigsdaler courant. Rigsdaler specie coins continued to be issued. A further change was made in 1854. The rigsdaler specie coins name disappeared and the names rigsbankdaler and rigsbank skilling became ''rigsdaler'' and ''skilling rigsmønt''. In 1873, Denmark and Sweden formed the Scandinavian Monetary Union and the rigsdaler was replaced by the Danish Krone at a rate of 2 krone = 1 rigsdaler. NORWAY During the political union between Denmark And Norway , Danish currency circulated alongside Norwegian. Norway itself issued currency denominated in two different rigsdaler, the ''rigsdaler courant'' and the ''rigsdaler specie'', with 96 Skilling to the rigsdaler courant and 120 skilling to the rigsdaler specie. In 1816, following the establishment of the union between Sweden And Norway , the rigsdaler specie was renamed the '' Speciedaler '' and became the standard unit of currency in Norway. In 1875, Norway joined the Scandinavian Monetary Union and the speciedaler was replaced by the Norwegian Krone . |
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