In recent years the problems encountered by small currencies have led to growing interest in currency unions and common currencies, most notably reflected by the introduction of the euro. 4. Conclusion  In conclusion I would like to point out that a decision for the Faroe Islands and/or Greenland to have their own currency can obviously be made.
Nevertheless, to protect such an independent currency from speculation and very strong fluctuation it must be strongly attached to another currency - the Danish krone in these examples. As a consequence of this attachment the economic scope would not be greater than in the current situation where the Danish krone is used as the currency of the entire Danish Commonwealth.