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Revaluation of the krone



Prices rose strongly in Denmark in the early years of German occupation. Especially export prices for the key agricultural products rose, and consequently a revaluation of the krone was proposed. This would, among other things, reduce export revenues in the agricultural sector. The occupying power did not favour this proposal, since lower export revenues might affect the agricultural sector's willingness to supply goods, but finally revaluation of the krone by 8 per cent vis-à-vis all currencies was accepted. The revaluation was adopted on 22 January 1942.









Last update: 05/09/2011

 
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