The Danish krone (DKK), symbolized as kr., is the official currency of Denmark, Greenland, and the Faroe Islands, introduced on January 1, 1875. Often referred to as the Danish crown in English, "krone" literally means "crown." It is subdivided into 100 øre. The krone is pegged to the euro via the ERM II but remains independent following a 2000 referendum where 53.2% voted to keep the krone. It is commonly used in various denominations, with coins starting from 50 øre.