diamond geezer

 Tuesday, July 09, 2019

Danske penge (Danish money)

Denmark retains its own currency, the krone, which is pegged to the euro at a rate of approximately €1= 7½ DKK. Twenty years ago that would have meant 12 krone to the pound, but these days Britons only get 8, which makes buying things in an expensive country even more expensive. As a rough guide 1 krone is worth about 12p, 10 krone is a bit more than a pound and any amount in three figures exceeds £12. It's quite easy to get blasé about spending hundreds of krone in one transaction, only to suddenly realise that a restaurant bill of 800 krone genuinely is quite wallet-emptying. In a shop, nineteen krone would normally be written 19,-

Technically 1 krone is divided up into 100 ore, but practically almost everything in shops, bars and restaurants is priced in whole numbers of krone. This creates an economy where prices jump up in krone-sized steps (i.e. twelvepence at a time) and fiddly small change is mostly irrelevant. The smallest coin in circulation is 50 ore - worth six times as much as our humble penny. Of the main coins, those with holes in the middle (1, 2 and 5) are worth less than those without (10 and 20). Most places still take notes and coins, but use of cards is more commonplace. A couple of bars we visited said nobody had tried paying in cash recently and requested plastic instead.

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