Scandinavian Monetary Union

The Scandinavian Monetary Union was a monetary union formed by Denmark and the Swedish part of the Union between Sweden and Norway on 5 May 1843, by fixing their currencies against gold at par to each other. After the dissolution of the Swedish-Norwegian union, in 1905, Norway continued to be a part of this monetary union. The union ended with the outbreak of World War I. In the "World Currency" of its time, British pounds, 1 pound was roughly equal to 18 Kroner. The ratio connecting the Scandinavian currencies to the Latin Monetary Union was 0.72 Krone for 1 French Franc.

Scandinavian Monetary Union

The Scandinavian Monetary Union was a monetary union formed by Denmark and the Swedish part of the Union between Sweden and Norway on 5 May 1843, by fixing their currencies against gold at par to each other. After the dissolution of the Swedish-Norwegian union, in 1905, Norway continued to be a part of this monetary union. The union ended with the outbreak of World War I. In the "World Currency" of its time, British pounds, 1 pound was roughly equal to 18 Kroner. The ratio connecting the Scandinavian currencies to the Latin Monetary Union was 0.72 Krone for 1 French Franc.