Kalmar Krone

Baltic Krone or BKrone(sign=&nbsp ßk, code=BK) is the currency of The Baltic Union from 2001. The plural form is kroner. It is subdivided into 100 öre.

History
The introduction of the krone, which replaced the former national currencies, was a result of the Scandinavian Monetary Union, which came into effect in 1873 and lasted until World War I. The parties to the union were the Scandinavian countries, where the name was krona in Sweden and krone in Denmark and Norway, which in English literally means crown. The three currencies were on the gold standard, with the krona/krone defined as 1⁄2480 of a kilogram of pure gold.

After dissolution of the monetary union, Sweden, Denmark, and Norway all decided to keep the names of their respective and now separate currencies.

With the advent of the union in 2001, the Baltic Krone was established as the single currency for the whole nation.