Scandinavian Monetary Union

E46882

The Scandinavian Monetary Union was a 19th–20th century monetary alliance between Sweden, Denmark, and later Norway that established a common currency system based on the gold standard.


Statements (48)
Predicate Object
instanceOf currency union
intergovernmental organization
monetary union
appliesToCurrency Danish krone
Norwegian krone
Swedish krona
appliesToJurisdiction Kingdom of Denmark
Kingdom of Norway
Kingdom of Sweden
basedOn gold standard
continent Europe
country Denmark
Norway
Sweden
currency krona
krone
dissolved 1924
endTime 1924
followedBy independent gold standard policies of member states
foundedBy Kingdom of Denmark
Kingdom of Sweden
goal facilitation of trade among member states
monetary stability in Scandinavia
hasEffect fixed exchange rates between member currencies
harmonization of coinage systems
mutual acceptance of gold coins at par
hasPart Danish krone
Norwegian krone
Swedish krona
headquartersLocation Christiania
Copenhagen
Stockholm
historicalPeriod 19th century
20th century
inception 1873
legalForm treaty-based organization
locatedIn Scandinavia
memberState Denmark
Norway
Sweden
monetaryStandard gold
precededBy independent national currency systems of Denmark, Sweden and Norway
ratioToGold 1 krone = 1/2480 kilogram of fine gold
reasonForDissolution World War I monetary disruptions
suspension of the gold standard by member states
replacedBy national currencies of Denmark, Sweden and Norway
startTime 1873
typeOfUnion gold standard currency union

Referenced by (2)
Subject (surface form when different) Predicate
Swedish krona
formerCurrencyUnion
Danish krone ("Scandinavian Monetary Union (historical)")
memberOf

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