Denmark, the Faroe Islands and Greenland employ the same currency, the Danish krone. Danmarks Nationalbank is responsible for this currency. Let us look at the use of Danish kroner within the Danish Commonwealth in the light of the five criteria. Re 1) Danish kroner are available as banknotes and coins and can be used in the entire area.
*** The future is uncertain – underscores need for stable anchor *** The advantages of the regime are likely to become even more important and valuable when looking ahead. We are facing uncertain times and a potentially more volatile global economy than what we had become used to in the years of the so-called great moderation.