The Danish krone is the official currency of Denmark and is abbreviated as DKK. It is subdivided into 100 øre. The krone has been in use since 1875 and is known for its stability, often being pegged to the Euro through the European Exchange Rate Mechanism. The symbol for the krone is "kr," and it is commonly used in everyday transactions throughout Denmark. The currency is issued by the Danmarks Nationalbank, which is the central bank of Denmark. The krone is also used in the Faroe Islands and Greenland, which are autonomous territories within the Kingdom of Denmark.