The term "DKK" refers to the Danish Krone, which is the official currency of Denmark. It is abbreviated as DKK and is often symbolized by "kr." The currency is subdivided into 100 øre. The Danish Krone is used in Greenland and the Faroe Islands as well, which are autonomous territories within the Kingdom of Denmark. The Danish Krone is managed by the Danish National Bank, which is responsible for issuing banknotes and coins. The currency is known for its stability and is pegged to the Euro through a fixed exchange rate system. This helps maintain economic stability in Denmark and supports trade with other European countries.