On 18 September 1949 the UK announced a devaluation of sterling against the dollar by approximately 30 per cent, and on the next day the Danish government decided to allow the krone to follow the pound. This decision was taken primarily to secure Danish agricultural exports to the UK. The domestic economy was otherwise favourable, with rising output and foreign trade, moderately declining prices and favourable international terms of trade.
Last update: 03/27/2007
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Devaluation of the krone
