Krone/Kroner/Krona is a Nordic translation of the Latin word ‘Corona’ which means Crown. This has been the name for multiple historic currencies in Scandinavia.
Below we’ll take a look at the five currencies who share the name Kroner.
Czech Koruna (CZK)
The Koruna has been the name of multiple Czech currencies. The current iteration was introduced in 1994 following the dissolution of Czechoslovakia. The currency was originally named after the crowns worn by Bohemian kings.
You can read more on our dedicated CZK currency profile.
Icelandic Króna (ISK)
The Scandinavian Monetary Union was dissolved at a similar time to the granting of Icelandic independence and therefore Iceland chose to introduce its own currency.
Krónur is the Icelandic variation of the Danish word Krone.
The currency was devalued in 1981, leading many academics to start referring to today’s currency as the ‘second Krónur.’ The currency is managed and issued by the ‘Seðlabanki Íslands’ or in English, the Central Bank of Iceland, which is based in the capital Reykjavik.
Norwegian Krone (NOK)
The Norwegian Krone was introduced in 1875, replacing the Norwegian speciedaler at a rate of four kroner to one speciedaler. Like many other Kroner currencies, it is subdivided into 100 ore.
You can read more on our dedicated NOK currency profile.