The exchange rate EUR was in force. On 28 September , there was a referendum if Denmark should join the Euro or not. The result was that The first big crisis for the Danish krone came during the boom in the early s. It was the real estate sector has experienced a rapid growth, marked by speculation. The biggest contribution was by foreign, short-term loans. When financial crises in abroad increased, so did the Danish banks in crisis the following year.
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Denmark followed suit. In , the bourgeois government decided to switch to fixed exchange rate against Germany Deutsche Mark , as the currency had struggled with several serious impairments in recent years. Nationalbanken has three main objectives:. Since Denmark applies a fixed exchange rate policy is the Danish krone entirely dependent on what happens to the euro.

Below are some common notes from Denmark. Warning : include [ function.
DKK - Danish Krone
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