Valkean kruunu

Valkean kruunu

ISO 4217
Unit
Plural	kruunut
Symbol	kr‎
Nickname	crown (English), krona (Nynorsk)
Denominations
Subunit
​1⁄100	sentti
Plural
sentti	sentit
Symbol
sentti	s
Nickname
sentti	cent
Banknotes
Freq. used	50, 100, 200, 500 kr
Rarely used	1000 kr
Coins	1, 2, 5, 10, 20 kr
Demographics
User(s)	Valkea
Issuance
Central bank	Bank of Valkea

The Valkean kruunu (plural: krunuut, sign: kr, code: VKR) is the currency of the Republic of Valkea. The ISO code "VKR" and currency sign "kr" are used to identify the kruunu; the former precedes the numeric value while the latter follows it. It is sometimes called the Valkean crown in English, as kruunu means "crown" in Valkean.

One kruunu is divided into 100 cents (sentit, singular: sentti), although the last coins denominated in cents were withdrawn from circulation in 2016.

History

The modern incarnation of the kruunu was introduced upon the Kingdom of Valkea's switch to the gold standard in 1874. The kruunu replaced the previous markka (plural: markkat) and was pegged at a rate of 2 markkat = 1 kruunu.

In 1925, the Kansallist Party under Hannu Sibelius made plans to replace the kruunu for a different currency, with the aim to distance the then-nascent Republic of Valkea from its monarchial past. However, those plans were abandoned soon after Sibelius' assassination in 1928. His successor, Markku Vuotola, instead chose to retain the kruunu and moved it off the gold standard in 1930.

Coins

Coins in circulation

Value	Diameter	Thickness	Weight	Composition	Edge
1 kr	19.5 mm	1.6 mm	3.4 g	Copper-plated steel	Smooth
2 kr	20 mm	1.8 mm	3.8 g		Milled
5 kr	23.5 mm	2.1 mm	6 g	Cupro-nickel	Smooth
10 kr	25 mm	2.3 mm	7.2 g		Milled
20 kr	28 mm	2.4 mm	8.5 g	Aluminium bronze	Interrupted milling