noun
definition
The currency of Iceland, Denmark (including Greenland and the Faroe Islands) and Norway, divided into 100 øre, except in Iceland where 1 króna = 100 aurar.
Examples of krone in a Sentence
The unit of the Danish monetarysystem, as of the Swedish and Norwegian, is the krone (crown), equal to is.
Then from 1st January 1900 the old reckoning by gulden was superseded, that by krone being introduced in all government accounts, the new silver being made a legal tender only for a limited amount.
Since the closing years of the 19th century the Austro-Hungarian Bank had pursued a policy which had in the main the object of making the Austrian krone a gold exchange standard.
The suspension of cash payment by the Austro-Hungarian Bank was continued, but the bank was bound to provide, by every means at its disposal, that the value of its notes as quoted on foreign bourses should be permanently secured in proportion to the parity of the legal mint standard of the krone currency.
The system is decimal; thus 100 pfcnnige = I mark, 1000 pfennige = the gold krone (or crown), and Id.
The Norwegian krone also continues to rise against the euro and dollar.