Valkean kruunu

Revision as of 07:03, 24 June 2024 by Sailor (talk | contribs)
Jump to navigation Jump to search
Valkean kruunu
ISO 4217
CodeVKR
Denominations
Subunit
 ​1100sentti
Pluralkruunut
 senttisentit
Symbolkr
 senttis
Nicknamecrown (English), krona (Nynorsk)
 sentticent
Banknotes
 Freq. used50, 100, 200, 500 kr
 Rarely used1000 kr
Coins1, 2, 5, 10, 20 kr
Demographics
User(s) Valkea
Issuance
Central bankBank 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One kruunu is divided into 100 cents (sentit, singular: sentti), although the last coins denominated in cents were withdrawn from circulation in 2016.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

Banknotes