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- Scandinavian_Monetary_Union abstract "The Scandinavian Monetary Union (Danish: Den skandinaviske møntunion, Swedish: Skandinaviska myntunionen, Norwegian: Skandinaviske myntunion) was a monetary union formed by Denmark and Sweden on 5 May 1873, by fixing their currencies against gold at par to each other. Norway, which was in union with Sweden, however with full inner autonomy, entered the union two years later, in 1875, by pegging its currency to gold at the same level as Denmark and Sweden, 2.48 kroner/kronor per gram of gold, or roughly 0.403 grams per krone/krona. An equal valued krone/krona of the monetary union replaced the three legacy currencies at the rate of 1 krone/krona = ½ Danish rigsdaler = ¼ Norwegian speciedaler = 1 Swedish riksdaler. The monetary union was one of the few tangible results of the Scandinavian political movement of the 19th century.The union provided fixed exchange rates and stability in monetary terms, but the member countries continued to issue their own separate currencies. Although not initially foreseen, the perceived security led to a situation where the formally separate currencies were accepted on a basis of "as good as" the legal tender virtually throughout the entire area.Upon acceding to the union, Sweden had the name of its currency changed from Riksdaler Riksmynt to Swedish krona. The word "krone/krona" literally means "crown", and the differences in spelling of the name represent the differences between the North Germanic languages.The political union between Sweden and Norway was dissolved in 1905, but this did not affect the basis for co-operation in the monetary union. It was instead the outbreak of World War I in 1914 that brought an end to the monetary union. Sweden abandoned the tie to gold on 2 August 1914, and without a fixed exchange rate the free circulation came to an end. All three countries still use the same currencies as during the monetary union, but they lost their peg, one to one, in 1914. The Icelandic króna is a derivative of the Danish krone, established after Iceland was elevated to a separate kingdom in union with Denmark in 1918. Iceland cut its ties to Denmark in 1944 and became a republic.The Scandinavian Monetary Union was inspired by the Latin Monetary Union, established in 1866.".
- Scandinavian_Monetary_Union thumbnail Two_20kr_gold_coins.jpg?width=300.
- Scandinavian_Monetary_Union wikiPageID "311625".
- Scandinavian_Monetary_Union wikiPageRevisionID "588756041".
- Scandinavian_Monetary_Union hasPhotoCollection Scandinavian_Monetary_Union.
- Scandinavian_Monetary_Union subject Category:1873_establishments_in_Denmark.
- Scandinavian_Monetary_Union subject Category:1873_establishments_in_Sweden.
- Scandinavian_Monetary_Union subject Category:1875_establishments_in_Norway.
- Scandinavian_Monetary_Union subject Category:1914_disestablishments_in_Denmark.
- Scandinavian_Monetary_Union subject Category:1914_disestablishments_in_Norway.
- Scandinavian_Monetary_Union subject Category:1914_disestablishments_in_Sweden.
- Scandinavian_Monetary_Union subject Category:19th_century_in_economics.
- Scandinavian_Monetary_Union subject Category:20th_century_in_economics.
- Scandinavian_Monetary_Union subject Category:Currency_unions.
- Scandinavian_Monetary_Union subject Category:Economic_history_of_Denmark.
- Scandinavian_Monetary_Union subject Category:Economic_history_of_Norway.
- Scandinavian_Monetary_Union subject Category:Economic_history_of_Sweden.
- Scandinavian_Monetary_Union subject Category:Gold_standard.
- Scandinavian_Monetary_Union subject Category:Numismatics.
- Scandinavian_Monetary_Union subject Category:Scandinavian_history.
- Scandinavian_Monetary_Union type Abstraction100002137.
- Scandinavian_Monetary_Union type Group100031264.
- Scandinavian_Monetary_Union type MonetaryUnions.
- Scandinavian_Monetary_Union type Organization108008335.
- Scandinavian_Monetary_Union type SocialGroup107950920.
- Scandinavian_Monetary_Union type Union108233056.
- Scandinavian_Monetary_Union type YagoLegalActor.
- Scandinavian_Monetary_Union type YagoLegalActorGeo.
- Scandinavian_Monetary_Union type YagoPermanentlyLocatedEntity.
- Scandinavian_Monetary_Union comment "The Scandinavian Monetary Union (Danish: Den skandinaviske møntunion, Swedish: Skandinaviska myntunionen, Norwegian: Skandinaviske myntunion) was a monetary union formed by Denmark and Sweden on 5 May 1873, by fixing their currencies against gold at par to each other.".
- Scandinavian_Monetary_Union label "Scandinavian Monetary Union".
- Scandinavian_Monetary_Union label "Scandinavische Monetaire Unie".
- Scandinavian_Monetary_Union label "Skandinavische Währungsunion".
- Scandinavian_Monetary_Union label "Skandynawska Unia Monetarna".
- Scandinavian_Monetary_Union label "Union monétaire scandinave".
- Scandinavian_Monetary_Union label "Unione monetaria scandinava".
- Scandinavian_Monetary_Union label "União Monetária Escandinava".
- Scandinavian_Monetary_Union label "Unión Monetaria Escandinava".
- Scandinavian_Monetary_Union label "Скандинавский монетный союз".
- Scandinavian_Monetary_Union label "スカンディナヴィア通貨同盟".
- Scandinavian_Monetary_Union label "斯堪的納維亞貨幣聯盟".
- Scandinavian_Monetary_Union sameAs Skandinávská_měnová_unie.
- Scandinavian_Monetary_Union sameAs Skandinavische_Währungsunion.
- Scandinavian_Monetary_Union sameAs Unión_Monetaria_Escandinava.
- Scandinavian_Monetary_Union sameAs Union_monétaire_scandinave.
- Scandinavian_Monetary_Union sameAs Unione_monetaria_scandinava.
- Scandinavian_Monetary_Union sameAs スカンディナヴィア通貨同盟.
- Scandinavian_Monetary_Union sameAs 스칸디나비아_통화동맹.
- Scandinavian_Monetary_Union sameAs Scandinavische_Monetaire_Unie.
- Scandinavian_Monetary_Union sameAs Skandynawska_Unia_Monetarna.
- Scandinavian_Monetary_Union sameAs União_Monetária_Escandinava.
- Scandinavian_Monetary_Union sameAs m.01t81d.
- Scandinavian_Monetary_Union sameAs Q60812.
- Scandinavian_Monetary_Union sameAs Q60812.
- Scandinavian_Monetary_Union sameAs Scandinavian_Monetary_Union.
- Scandinavian_Monetary_Union wasDerivedFrom Scandinavian_Monetary_Union?oldid=588756041.
- Scandinavian_Monetary_Union depiction Two_20kr_gold_coins.jpg.
- Scandinavian_Monetary_Union isPrimaryTopicOf Scandinavian_Monetary_Union.